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What would a Canada-EU energy alliance look like?

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CALGARY - Canada has the potential to bolster Europe's energy security through a new alliance, but experts say it doesn't necessarily mean tankers crossing the Atlantic Ocean laden with oil or liquefied natural gas. Prime Minister Mark Carney was in Strasbourg, France, this week where he and European Union leadership discussed strengthening ties on several fronts amid strained relations with the United States. Werner Antweiler, an economist at the University of British Columbia, says [Read more]

Odds of an interest rate hike from Bank of Canada this year have jumped

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OTTAWA - Traders are increasingly betting that the Bank of Canada could end its string of interest rate holds and deliver a hike as early as next month. While many economists remain unconvinced that the central bank will raise the cost of borrowing this year, concerns that inflation could become a more persistent thorn than first thought have some pencilling in a tightening cycle to start in early 2027. The U.S. Federal Reserve broke its own stand-pat stance and delivered the United [Read more]

Rising oil, rates and yields brew up stagflation cocktail for markets

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The surge in energy and global borrowing costs as a result of the war in the Middle East is pushing economies and markets further towards a potentially damaging period of high inflation and slow growth. For now, stocks remain near record highs and economic growth, thanks to the avalanche of spending on the AI boom, has been resilient. The rise in the value of oil and gas, and the increase in global government bond yields to financial crisis-era highs, has been orderly. But a growing number [Read more]

Japan’s refiners secured sufficient crude supplies through November, industry body says

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Japanese oil refiners have secured sufficient crude supplies through November despite concerns that fresh fighting between Saudi Arabia and Yemen's Houthis could widen Middle East tensions, the Petroleum Association of Japan said on Friday. Oil prices climbed to close to four-month highs earlier this week as sources said crude loadings at Saudi Arabia's Red Sea export hub of Yanbu had been suspended and Riyadh cancelled some deliveries to Europe after its East-West pipeline was damaged in an [Read more]

Saudis and Houthis exchange strikes, Yemenis flee by boat as Middle East war spreads

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Saudi Arabia and Yemen's Iran-backed Houthis exchanged fresh strikes across their border on Thursday and Yemenis took to boats in the Red Sea to escape fighting, as the spreading Middle East war created new threats to global oil supplies. Houthi-controlled television reported Saudi airstrikes in Hajjah province close to the Saudi border near the Red Sea coast, and the vicinity of Taiz further inland to the south. Saudi Arabia's civil defence said a Yemeni living in Saudi Arabia had been [Read more]

Hemisphere Energy Provides Operations Update

Vancouver, British Columbia--(Newsfile Corp. - September 17, 2026) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") provides an update on its operations at Marsden, Saskatchewan and Atlee Buffalo, Alberta. Marsden, Saskatchewan Hemisphere recently drilled two successful horizontal wells targeting the Colony Formation in the Marsden area. The wells have been on production for three weeks at approximately 100 bbl/d each (100% heavy oil, based on [Read more]

Westgate Energy Inc. Announces Upsizing of Bought Deal LIFE Offering to $6.5 Million

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. CALGARY, Alberta, Sept. 17, 2026 (GLOBE NEWSWIRE) -- Westgate Energy Inc. (the “Company” or “Westgate”) (TSXV: WGT) is pleased to announce that, due to investor demand, it has entered into an amended agreement with Haywood Securities Inc. (“Haywood” or the “Underwriter”) as sole underwriter and bookrunner, to increase the size of its previously announced “bought deal” [Read more]

Shell-led LNG Canada could approve Phase 2 expansion by early October, sources say

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Partners in the Shell-led LNG Canada export project could reach a final investment decision on its Phase 2 expansion as early as next month, three people familiar with the matter told Reuters. The expansion would add a further 14 million metric tons per annum (mtpa) of liquefied natural gas export capacity to the facility in Kitimat, British Columbia, effectively doubling the project's total capacity to 28 mtpa. The proposed expansion comes as LNG buyers, particularly in Asia, are placing [Read more]

OPINION: Canada’s Best Atlantic LNG Opportunity Is Already Built

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This week, many of the world’s largest investors gathered in Toronto for the Canada Investment Summit. The federal government wants to mobilize long‑term capital and advance major projects, and its prospectus correctly identifies East Coast LNG as well positioned to serve Europe. Yet Canada’s most practical Atlantic LNG opportunity was not among the projects showcased. It sits in Saint John, New Brunswick, where Repsol owns Canada’s first LNG receiving and regasification terminal. The [Read more]