Oil prices are projected to remain under pressure in 2026, as swelling supplies eclipse modest demand growth, while geopolitical risks could cap deeper losses, a Reuters poll showed on Friday. The survey of 35 economists and analysts forecast that Brent crude would average $62.23 per barrel in 2026, down from October's forecast of $63.15. The benchmark has averaged $68.80 per barrel so far in 2025, according to LSEG data. U.S. crude is projected to average $59.00 per barrel, below last [Read more]
News
Hodgson says it’s ‘premature’ to draw conclusions about B.C. tanker ban fate
OTTAWA - Federal Energy and Natural Resources Minister Tim Hodgson says it's "premature" for anyone to draw conclusions regarding the potential removal, or adjustment, of the West Coast tanker ban, since no pipeline route has been mapped out to bring oil from Alberta to the B.C. coastline. In an interview with The Canadian Press, Hodgson said people are "jumping to conclusions" with regard to any discussions about adjusting or lifting the ban. "I think it's premature for people to have [Read more]
Brent rises on Ukraine uncertainty, WTI disrupted by CME outage
Brent crude oil futures rose on Friday as drawn-out Russia-Ukraine peace talks kept geopolitical risks elevated, while traders kept one eye on the outcome of an OPEC+ meeting on Sunday for clues about potential output changes. However, U.S. West Texas Intermediate crude futures were frozen after a system outage at exchange operator CME Group. Traders said they were informed by CME just before 0300 GMT of the halt due to a cooling issue at its CyrusOne data centres, which affected trading [Read more]
$35-million Alberta challenge targets next-gen drilling opportunities
‘All transformative ideas are really eligible’ By CEC Staff on November 26, 2025, 2:52 pm MST Oil and gas drilling in central Alberta, fall 2025. Photo supplied to the Canadian Energy Centre Forget the old image of a straight vertical oil and gas well. In Western Canada, engineers now steer wells for kilometres underground with remarkable precision, tapping vast energy resources from a single spot on the surface. The sector is continually evolving as operators pursue [Read more]
Trans Mountain Reports Q3 2025 Results
All financial figures are in Canadian dollars, unless noted otherwise. Calgary, Alberta--(Newsfile Corp. - November 27, 2025) - Trans Mountain Corporation ("TMC" or "the Company") today announced its financial and operating results for the third quarter of 2025. "Strong operating and safety performance and improving capital returns to Canada highlight our third-quarter results," said Mark Maki, Trans Mountain Chief Executive Officer. "We increased throughput and improved asset utilization to [Read more]
Petrus Resources Announces Monthly Activity Update
CALGARY, Alberta, Nov. 27, 2025 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company's website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. FOR FURTHER INFORMATION PLEASE CONTACT: Ken [Read more]
Five takeaways on Alberta-Ottawa pipeline memorandum of understanding
CALGARY, ALBERTA, CANADA - Prime Minister Mark Carney and Alberta Premier Danielle Smith signed a memorandum of understanding Thursday to grow Alberta's oil exports while also committing to making it a world leader in green energy technology. Here are five takeaways from the memorandum of understanding: Big-Ticket Infrastructure: Both sides agree to work on approving a bitumen pipeline of one million barrels or more per day from Alberta to Asian markets via a port on the B.C. coast. The [Read more]
Fiddlehead Resources Corp. Announces Q3 2025 Financial Results
CALGARY, AB, Nov. 27, 2025 /CNW/ - Fiddlehead Resources Corp. ("Fiddlehead," or the "Company") (TSXV: FHR), is pleased to announce the filing of its unaudited financial and operating results for the three and nine months ended September 30, 2025. Selected financial and operating information should be read in conjunction with Fiddlehead's unaudited interim financial statements and related management's discussion and analysis ("MD&A") for the three and nine months ended September 30, 2025 and [Read more]
Freehold Royalties Announces Departure of Chief Operating Officer
CALGARY, Alberta, Nov. 27, 2025 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. ("Freehold" or the "Company") (TSX:FRU) announces today the departure of Robert King, Chief Operating Officer, from the Company. "On behalf of the entire organization, I thank Mr. King for his dedication and the contributions made to advance our North American growth strategy over the last six years," said David Spyker, Chief Executive Officer. "We sincerely appreciate Mr. King's commitment to Freehold and wish him well [Read more]
Enserva Responds to Signed MOU between Alberta and Ottawa
CALGARY, Alberta, Nov. 27, 2025 (GLOBE NEWSWIRE) -- Enserva issued the following statement regarding an energy agreement between the Province of Alberta and the Federal Government The memorandum of understanding (MOU) announced today between the federal government and the province of Alberta marks a meaningful step forward for Canada’s energy sector. The renewed willingness of both levels of government to engage on critical energy issues is welcome and signals a more serious approach to [Read more]
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