TORONTO - Canada's main stock index dived, then pared back some of its losses to finish the day 2.2 per cent lower on Tuesday as investors worried about a widening of the war between Iran and the United States and Israel. “The big fear with this conflict, the social ramifications aside, is what's the impact going to be on energy and oil prices and how is that going to potentially translate into inflation?” said Michael Greenberg, head of Americas portfolio management at Franklin Templeton [Read more]
News
Bay du Nord oil project hits key milestone as N.L., Equinor sign benefits agreement
ST. JOHN'S - A proposed deepwater oil project off Canada's east coast has reached a key milestone. The Newfoundland and Labrador government announced an agreement today with Norwegian energy company Equinor on how to divvy up the development's anticipated rewards. Premier Tony Wakeham unveiled the benefits agreement at a St. John's hotel alongside Tore Loseth, Equinor Canada's country president. The province says the agreement provides up to $6.4 billion in direct revenue to the [Read more]
From ice rinks to education: how Indigenous energy ownership is building lasting prosperity
Indigenous communities now have equity stakes in more than 5,000 kilometres of Canadian pipelines By Grady Semmens on February 26, 2026, 12:41 pm MST Leaders of Peerless Trout First Nation commemorate an agreement as one of 12 Indigenous communities acquiring an equity stake in Tamarack Valley Energy’s midstream oil and gas infrastructure in March 2024. L-R: Tyler Letendre, PTFN Development Corporation director of operations; PTFN Councillor Paul Houle; PTFN Chief Gilbert Okemow; and [Read more]
Venezuela’s oil exports fell 6.5% in February with loss of Chinese market, data shows
Venezuela's oil exports fell 6.5% in February from a month earlier to some 737,000 barrels per day as more shipments to the United States and Europe could not fully offset the loss of what used to be the OPEC country's main market, China, according to vessel monitoring data and documents from state company PDVSA. Washington has controlled the South American nation's oil exports since early January, when U.S. forces captured President Nicolas Maduro. Trading houses Trafigura and Vitol and U.S. [Read more]
Trump says US to provide insurance to all maritime trade in Gulf
President Donald Trump said on Tuesday he had ordered the United States Development Finance Corporation to provide insurance and guarantees for the financial security of all maritime trade, including oil tankers, traveling through the Gulf region. He made the comments in a Truth Social post. (Reporting by Bhargav Acharya and Ryan Patrick Jones in Toronto; Editing by David Ljunggren) [Read more]
US considering oil tanker insurance support to ease Middle East crude shipments, sources say
President Donald Trump will review a set of policy options on Tuesday aimed at controlling energy prices during the escalating Middle East conflict, including a proposal for the U.S. government to help oil tankers in the region obtain insurance, two sources said. Global crude prices have spiked since Israeli and U.S. forces began striking Iran over the weekend, leading to fighting that has interrupted Middle East oil tanker shipments. Treasury Secretary Scott Bessent and Energy Secretary Chris [Read more]
Iraq reduces oil output, more cuts to come if Hormuz disruptions persist, Iraqi oil officials say
Iraq has cut oil production by nearly 1.5 million barrels a day and those cuts could widen to more than 3 million bpd within days as the country runs out of storage and cannot export crude due to the Iran crisis, two Iraqi oil officials told Reuters on Tuesday. As of Tuesday, Iraq has cut production from the Rumaila oil field by 700,000 bpd, from the West Qurna 2 field by 460,000 bpd and from the Maysan field by 325,000 bpd, the officials, who did not wish to be named, said. That output [Read more]
China imports the most energy, but is best placed on Iran: Russell
China is the world's largest energy importer and would therefore appear vulnerable to the surge in crude oil and natural gas prices from the conflict between Israel and the United States against Iran. But the opposite is most likely the case, with China's vast stockpile of crude a cushion against price spikes, meaning that any energy-led inflation in the rest of the world will not hit China. It is also possible that China's refiners could reap windfall profits in the event of a prolonged [Read more]
Saudi Aramco seeks to reroute crude away from Strait of Hormuz, sources say
Saudi oil giant Aramco is attempting to reroute some of its crude exports to the Red Sea to bypass the Strait of Hormuz where the risk of attacks has slowed shipping to a near halt, sources said on Tuesday. The world's largest oil firm hopes to avert production cuts by rerouting oil to its Red Sea port of Yanbu but sources, including buyers, traders and analysts, said the East-West Pipeline had limited capacity and could become a target of attacks by Iran's allies. The pipeline has a [Read more]
US natural gas futures leap 6% as Middle East conflict disrupts global supplies
U.S. natural gas futures jumped about 6% to a two-week high on Tuesday on soaring oil and gas prices around the world as the U.S.-Israeli war against Iran widened across the Middle East region, disrupting the movement of energy supplies. Front-month gas futures for April delivery on the New York Mercantile Exchange rose 18.7 cents, or 6.3%, to $3.147 per million British thermal units, putting the contract on track for its highest close since February 13. In the cash market, average prices at [Read more]
- « Previous Page
- 1
- …
- 194
- 195
- 196
- 197
- 198
- …
- 3763
- Next Page »