Oil Prices

• Iran war oil price spike could cushion Alberta, Saskatchewan budgets

  Oil prices could mean higher prices for Canadians at the gas pump, but experts say that increase could help provincial budgets.

  Canada

  Mar 3
  
• As oil and gas prices rise amid Iran conflict, what comes next?

  Canadian consumers are set to pay higher prices for gasoline at pumps across the country as the Iran conflict sends global oil markets into a frenzy.

  Consumer

  Mar 2
  
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• Oil prices set for swings next week after U.S., Israel strikes on Iran

  Oil prices have already risen on war fears. International benchmark Brent crude closed at a seven-month high of US$72.87 on Friday.

  World

  Feb 28
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• Alberta premier warns ‘significant’ deficits to come, rules out tax hikes or big cuts

  With the price of oil trading well below where the government of Alberta forecast it to be, Premier Danielle Smith warns that "significant" deficits are in store for the province.

  Economy

  Feb 10
• Canadian oilpatch can withstand crude market doldrums, experts say

  U.S. oil producers will likely be the first to cut output should crude prices continue to languish, but their Canadian peers should be able to keep chugging along, experts say.

  Economy

  Dec 17, 2025
• Drilling group predicts slight uptick in Canadian activity next year

  The Canadian Association of Energy Contractors is predicting a slight increase in drilling activity next year in Canada.

  Economy

  Dec 1, 2025
• Alberta’s economy remains in the red with tweaked $6.4B deficit

  This year's budget is a massive multibillion-dollar swing from an $8.3-billion surplus last year, and the biggest factor is a 30 per cent decline in natural resource revenue.

  Economy

  Nov 27, 2025
• EIA raises oil output forecast, says oversupply will weigh on prices in 2026

  An oversupply of oil on global markets will continue to weigh on prices in 2026, according to the latest update from the U.S. Energy Information Administration.

  Economy

  Nov 12, 2025
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• Oil prices spike after US, EU hit Russian oil companies with new sanctions

  Oil prices spiked on Thursday after the U.S. announced massive new sanctions on Russia's oil industry in an attempt to pressure Russia to negotiate an end to the war in Ukraine.

  Economy

  Oct 23, 2025
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• Oil prices tumble to a 5 month low on new Trump tariff threats

  The price of oil tumbled to a 5 month low on Friday as global markets plunged following U.S. President Donald Trump's threats to greatly increase tariffs on Chinese imports.

  Economy

  Oct 10, 2025