Oil

• 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

  4 hours
  
• 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
  
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• 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
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• 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
• 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
• Keystone oil pipeline shut down after a rupture in rural North Dakota

  The pipeline’s shutdown could quickly lead to higher gasoline prices in the Midwest United States, analysts said, but will have a greater impact on diesel and jet fuel.

  Environment

  Apr 8, 2025
• 1,650 barrels of oil spilled by Enbridge in Wisconsin

  Enbridge said the 70,000 gallon spill on the company's Line 6 was caused by a faulty connection on a pump transfer pipe at the Enbridge Cambridge Station.

  Environment

  Dec 14, 2024
• Crude oil flowing into B.C. through Trans Mountain pipeline expansion

  Wednesday marks the first official operational day for the Trans Mountain expansion pipeline in both B.C. and Alberta.

  Canada

  May 1, 2024
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• Trans Mountain pipeline expansion to enter commercial service May 1

  Trans Mountain Corp. says it has successfully resolved the construction-related challenges in B.C.'s Fraser Valley that slowed the project's progress in recent months.

  Canada

  Apr 3, 2024
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• Road oil demand to peak by 2032 as EVs become more common, Goldman forecasts

  Goldman said the 1.7 billion global vehicles drove 47 per cent of 2023 oil demand, with gasoline consumption driving about half of road demand.

  Economy

  Apr 2, 2024