News

U.S. President Donald Trump has been talking up the prospects of Saudi Arabia agreeing to normalise ties with Israel, but it is unlikely to happen when Saudi Crown Prince Mohammed bin Salman visits the White House this month. The establishment of diplomatic relations between Israel and Saudi Arabia after decades of enmity could shake up the political and security landscape in the Middle East, potentially strengthening U.S. influence in the region. Trump said last month he hoped Saudi [Read more]

The United States seeks to take advantage of a "moment" in Lebanon in which it can cut Iranian funding to Hezbollah and press the group to disarm, the U.S. Treasury Department's top sanctions official said. In a late Friday interview, John Hurley, the undersecretary for terrorism and financial intelligence, said Iran has managed to funnel about $1 billion to Hezbollah this year despite a raft of Western sanctions that have battered its economy. The U.S. has adopted a "maximum pressure" [Read more]

CALGARY, AB, Nov. 7, 2025 /CNW/ - The Commission of the Canada Energy Regulator (CER) has released its Recommendation Report regarding the Pouce Coupé Pipe Line Ltd. Taylor to Gordondale Pipeline Project. The Commission has recommended that a certificate be issued for the project subject to conditions, highlighting its alignment with the public interest and underscoring a strong commitment to transparency, fairness, and meaningful engagement with Indigenous Peoples and stakeholders. The proposed [Read more]

OTTAWA - Prime Minister Mark Carney came close to telling a Bay Street audience today that he will secure a new pipeline for Alberta, offering his strongest endorsement yet of the idea. During an address to the Canadian Club Toronto this afternoon Carney told the audience not worry because "we're on the pipeline stuff" without offering any details. But then Carney stopped himself short and said "well, something's going to happen, let's put it that way." Speaking in Calgary today, [Read more]

U.S. energy firms this week added oil and natural gas rigs for the third time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by two to 548 in the week to November 7. Despite this week's rig increase, Baker Hughes said the total count was still down 37 rigs, or 6% below this time last year. Baker Hughes said oil rigs held steady at 414 this week, while gas rigs rose by [Read more]

The Trump administration will hold an auction for drilling oil and gas off the U.S. Gulf next month and has proposed another in a waterway in southern Alaska, it said on Friday. The lease sale in the U.S. Gulf of Mexico, which President Donald Trump refers to as the Gulf of America, will make about 80 million acres available. The sale, which will take place on December 10, will be the first of 30 sales in the region through 2040 that were included in Trump's tax law which he signed in [Read more]