The conflict in the Persian Gulf and Iran’s missile and drone strikes on key oil and gas facilities in Qatar, Saudi Arabia, the UAE and Kuwait have caused fires, shutdowns, and

Add Yahoo as a preferred source to see more of our stories on Google. It would cost hundreds of millions of dollars to retool U.S. refineries to handle domestically produced oil. But stopping U.S. exports would also leave Canadian crude with few market options

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,

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.

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,

A collection of pipes deliver crude oil as it enters Flint HIlls Resources Pine Bend Refinery in Rosemount, Minn. from its source in Canada June 2, 2010. The Pine Bend operation, which was built in the 1950's, covers about 1,000 fenced acres and can ...

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

Eastern Canada oil drilling platform construction at a Newfoundland port site was paused in 2020 but now is resuming with Europe demand and higher prices, said its developer. Higher crude oil prices and rising European demand have spurred a restart of two ...

Add Yahoo as a preferred source to see more of our stories on Google. Alberta could vote next year on whether to separate from Canada if a citizen-led petition gathers the requisite number of signatures requesting such a question to be put to a referendum.

Unlike in the United States, most Canadian firms are not in an urgent need to add future drilling inventory. Canada's oil patch could see an uptick in M&A activity this year. The Canadian oil & gas industry saw 27 M&A deals announced in the fourth quarter ...

The Alberta and Canadian governments have reached a deal to reduce methane emissions, the latest in a series of energy negotiations setting the stage for a new pipeline to the Pacific coast.