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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.

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 ...

The race is on to see how long central banks can watch from the sidelines as the job and asset markets weaken. The discussion here is on point.

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.

Natural Resources Minister Tim Hodgson says Canada will “do its part” to lower the cost of oil globally as a bloc of nations looks to tame the surge in energy prices triggered by the war in the Middle East.

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,

CALGARY, March 11 (Reuters) - Canada's oil industry said ⁠on ⁠Wednesday there is little it can ⁠do to increase crude production in the short-term, even as the Canadian government sought ways to help global efforts to stabilize oil prices during ...

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.

Senior party members in western Canada have distanced themselves from Avi Lewis over his stance against new oil and gas development.