The world is in economic turmoil as the closure of the Strait of Hormuz has pushed crude oil above US$100 per barrel. Prices of many other goods will rise as the higher cost of oil percolates through the supply chain.

With war in the Middle East keeping the critical Strait of Hormuz fuel route closed, the international community is reaching into its oil reserves to fill the supply gap. That's drawing scrutiny of Canada's oil reserves — or,

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Though oil and gas industry executives at CERAWeek, a global energy conference in Houston, welcomed Natural Resources Minister Tim Hodgson’s enthusiasm, they still say they want to see considerable action before they can be sure Canada's federal government is serious about changing the country’s reputation as being reluctant to expand the energy sector,

Canada wasn’t forewarned. Bombs rained down on Tehran on Feb. 28 and neither the Americans nor the Israelis conferred with us. But the calls flooded in the next day from allies and trading partners who feared their supplies of oil and liquefied national gas (LNG) would be cut off by Iranian military operations in the Strait of Hormuz.

Oil falls and stocks rise after U.S. delays Iran strikes, with Canada positioned as a stable energy supplier in a volatile global landscape.

Canada considered conserving oil with gasoline rationing stamps in 1979. While it never put the stamps into circulation, economist Peter Tertzakian said the proofs are a reminder that anything can happen in an oil shortage.

TORONTO (AP) — Canadian Prime Minister Mark Carney and the premier of Canada’s oil rich province of Alberta agreed Thursday to work toward building a pipeline to the Pacific Coast to diversify the country’s oil exports beyond the United States, in a ...

Canada stands at a crossroads in 2026. Global energy markets are in turmoil, with oil prices surging past $100 per barrel following disruptions in the ... Read more This article appeared first on Mastermind Quotes.

Canada has real trade leverage with US President Donald Trump and should use it to remove tariffs and deepen ties between the two nations, Conservative Leader Pierre Poilievre said.

CALGARY, Feb 4 (Reuters) - Professional engineer Luis Cabana couldn't take a walk in downtown Calgary in the mid-2000s without someone he knew calling out to him in Spanish. Office towers in the corporate heart of Canada's oil and gas sector were at the ...

Oil-rich countries including Norway, Canada and Mexico are moving to capitalise on disruptions caused by the Iran conflict, ramping up production, exports and strategic partnerships to fill supply gaps and secure new markets,