Oil

• EU will delay proposal to permanently ban Russian oil imports

  The U.S.-Israeli war on Iran is creating the biggest oil supply disruption in history, according to the International Energy Agency, sending global crude prices soaring.

  World

  Mar 24
  
• Fuel, food rebates ‘would not bring down’ prices amid Iran war: economists

  The Iran war has raised the price of crude oil beyond US$110 per barrel in international markets, spurring affordability concerns in Canada and around the world.

  Economy

  Mar 20
  
• Advertisement
• Gas prices in Canada keep going up. How high are they near you?

  Gas prices in Canada have been climbing sharply since the Iran war began, but how much higher they could go is unclear as consumers struggle with the higher cost of living.

  Consumer

  Mar 19
• Advertisement
• Canada to release additional 140K barrels of oil per day starting in April

  Canada produced on average 5.3 million barrels per day of crude oil in 2025, according to the Canada Energy Regulator, making the upcoming production jump a 2.6 per cent increase.

  Canada

  Mar 15
• Trans Mountain oil exports doubled in 2025, new port data shows

  Canadian crude oil exports shipped from the West Coast nearly doubled in 2025 to reach a new record, with most of it coming via the Trans Mountain pipeline, a new report shows.

  Economy

  Mar 10
• As Iran chokes Strait of Hormuz, U.S. vows $20B for maritime reinsurance

  The U.S. says it has stuck a new agreement to provide up to US$20 billion in reinsurance coverage to 'restore confidence in maritime trade' amid the Iran war.

  World

  Mar 6
• Could Canada’s energy sector help offset impacts from the Iran conflict?

  As the Iran conflict jeopardizes global oil and gas supplies, Canada's energy and resource sector may be able to offset some of these impacts and see benefits to the economy.

  Canada

  Mar 5
• Poilievre pushes for pipeline approval amid uncertainty in Venezuela

  Conservative Leader Pierre Poilievre is warning the federal government that the possible end of American sanctions on Venezuelan oil could displace Canadian exports to the U.S.

  Canada

  Jan 6
• Advertisement
• What is the Strait of Hormuz and why is it so important?

  Tensions are flaring up in the Middle-East and there are already knock-on effects impacting economies globally, including with higher prices for gasoline at the pumps.

  World

  Jun 18, 2025
• Advertisement
• Why have gas prices gone up recently, and will they keep climbing?

  Prices have spiked in recent weeks for crude oil, as well as fuels like gasoline at pumps, and although tensions in the Middle East are a big factor, there is more to the equation.

  Consumer

  Jun 16, 2025