OTTAWA - The federal government introduced its promised bill to extend the federal gas tax pause for several more months shortly after Parliament resumed sitting following the summer break. Finance Minister FranÇois-Philippe Champagne tabled the legislation on Monday and it saw its first significant debate in the House of Commons on Tuesday. Champagne said the measure will help farmers, families and truckers. "What I like about the measure, it's very direct, it's immediate, it's very [Read more]
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Ottawa opens up 15% Trans Mountain equity stake to Indigenous groups on pipeline path
OTTAWA - The Canadian government is offering Indigenous groups a collective 15 per cent ownership stake in the Trans Mountain pipeline through a low-cost loan. In a letter to a First Nation along the pipeline's path and seen by The Canadian Press, a federal Department of Finance official says the equity investment would be equally distributed among participating groups. It says details of the federal government's offer would be shared during a series of in-person meetings in Vancouver, [Read more]
Trump says he backs the idea of a ban on diesel exports
President Donald Trump on Tuesday said he backed the idea of a ban on diesel exports, which some US politicians are calling for as a way to curb the soaring cost of energy. Diesel prices have rallied in Europe and the US to record highs as wars in Iran and Ukraine sharply cut exports from some of the biggest producers such as Russia, Saudi Arabia and the United Arab Emirates. "I've said let's not send out the diesel. We make a lot of diesel... I've called for it. I've called for it within [Read more]
Trump says talks with Iran continue and he thinks settlement will be reached
US President Donald Trump said that Iran and the United States had been talking on Tuesday, and he thinks the two countries will reach a deal at some point. "I think that a settlement is going to be reached," Trump said after a meeting with British Prime Minister Andy Burnham on the sidelines of the UN General Assembly in New York. "They want to talk to us. They have been talking to us, even today they've been talking to us, and the relationship is developing," he added. "But we can't let [Read more]
ATB Cormark Capital Markets Hosts 2026 Energy Fall Investor Conference in New York City
CALGARY, AB, Sept. 22, 2026 /CNW/ -- ATB Cormark Capital Markets, leading North American investment firm and the capital markets arm of ATB Financial, hosted its Fall 2026 Energy Institutional Investor Conference in New York City on September 10, 2026. The event brought together 14 leading Canadian oil and gas producers, representing aggregate enterprise value of more than $100 billion, and institutional investors for discussions on capital allocation, natural gas market diversification, [Read more]
Saudi crude oil exports hit four-month high in July, data shows
Saudi Arabian crude oil exports in July rose by about 3.3% from June to 4.125 million barrels per day, the highest level since March, data from the Joint Organizations Data Initiative (JODI) showed on Tuesday. Crude oil production in the kingdom increased to 8.135 million bpd from 7.122 million bpd in June. Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries provide monthly export figures for publishing on the JODI website. "Saudi crude and product [Read more]
Tehran hints at Hormuz talks with US as leaders gather at UN
A senior Iranian official told Reuters on Tuesday that Iran could reopen the Strait of Hormuz to Gulf shipping within days if the US lifts its blockade, describing a gathering at the UN as a "golden opportunity" to renew diplomacy with Washington. US President Donald Trump and Iranian President Masoud Pezeshkian are both due to attend the UN General Assembly in New York, the first time they will be at the same event since Trump launched "Operation Epic Fury" against Iran in February. The [Read more]
Iran ready to reopen Strait of Hormuz if US eases military pressure and lifts blockade
Iran can reopen the Strait of Hormuz within seven days if the United States eases military pressure and lifts its blockade on Iranian ports, a senior Iranian official told Reuters on Tuesday. On Sunday, Iran's military central command said it was informed the US was preparing to restart military operations with the support of regional countries, and warned this would lead to Tehran's retaliation "without limitations and considerations". "The US needs to announce that it wants to resolve [Read more]
Traders push for discounts for Venezuelan oil as shipping costs soar, sources say
Global oil trading firms Vitol and Trafigura are pushing for steeper discounts on Venezuelan crude oil as rising freight rates shrink their margins, five sources familiar with the matter said. The two merchant houses have been among the biggest winners in a race to control Venezuela's crude flows since the US captured then-President Nicolas Maduro in January and began pushing to reactivate the country's oil sector. They now sell and ship more than half of the OPEC member's exports, and the [Read more]
Saudi Arabia restarts East-West oil pipeline, to resume exports from Yanbu, sources say
Saudi Arabia has restarted operations at its East-West Pipeline and could resume exports from the Red Sea port of Yanbu later on Tuesday, three sources briefed on the matter said. The pipeline was pumping at a low rate, two of them said. State energy firm Saudi Aramco did not immediately respond to a request for comment. Drone attacks forced Saudi Arabia to shut its East-West Pipeline on September 13, halting crude loadings at the kingdom's Yanbu port. (Reporting by Nidhi Verma in [Read more]