Oil and gas news today canada ca your source for the latest news on Oil and Gas . Nov 4, 2024 · Canada’s oil and gas industry is the country’s largest source of carbon emissions, accounting for about one-third of the overall total. Nearly all Apr 3, 2024 · The report by Deloitte Canada identifies potential water shortages in Western Canada as a key risk facing the oil and gas sector in 2024. 53 per litre, down from $1. Jan 13, 2025 · Canadian oil and gas stocks fell the most this year, even as US producers rallied, after Alberta’s premier warned that the incoming Trump administration is likely to put tariffs on oil and gas imports. All commodity prices are for front-month contracts in USD and update in real-time. has a deficit with Canada because Canada sends billions of dollars’ worth of raw materials like oil, gas and timber to U. — Canada's largest natural gas producer — said it would purchase privately held Bonavista Energy Corp. 4 days ago · Stay on top of your portfolio with real-time data, historical charts and the latest news on the oil and gas industry on BNN Bloomberg. Jan 7, 2025 · If Canada isn't able to meet global demand for oil and gas, The Canadian Press reported oil and gas stocks climbed Monday on the news of Trudeau stepping down. "My suspicion is that Crude oil prices & gas price charts. President Donald Trump took another swipe at Canada on Thursday, calling the long-standing ally “tough to deal with” and claiming the U. Trending News US axes Shell and BP’s licenses for cross-border gas fields Borr Drilling’s rig takes on 120-day oilfield revival job in West Africa $7. We cover breaking news and updates on Canada's oil and gas businesses, with stories on prices, stocks, product and trade developments. The new pipeline connects Alberta and British Columbia and has a capacity of 590,000 barrels per day, which should provide better prices to Canada’s oil producers and reduce the price differential between Canadian and U. 09:03 AM EST | April 11, 2025 Jan 31, 2025 · “The inclusion of Canada oil in a 25% tariff on Canada and Mexico would likely initially raise gasoline prices in the US Midwest, and eventually weigh on crude prices globally (via weaker demand) and especially in Canada, where producers have limited export options,” Goldman Sachs Group Inc. Skip to Content Established in 1907 Established in 1907 Mar 12, 2025 · Alberta Premier Danielle Smith said the oil-producing region could look beyond the U. While that is bad news for Canadian oil producers, it isn’t nearly as bad as it looks. Oil and Gas Investing News. "Today is a fantastic day for Jan 10, 2025 · The U. . Stock quotes are listed in CAD. , is also the nation’s biggest trading partner. For full functionality of this site it is necessary to enable JavaScript. for $1. EnergyNow. state if it wants to avoid tariffs. But the head of oil-rich Alberta has ruled out cutting off oil exports and hopes to find a solution. Danielle Smith says that since Jan 30, 2025 · Trump, speaking in the Oval Office, said he would implement tariffs on a wide range of imports in the coming months, including steel, aluminum, oil and gas, pharmaceuticals, as well as semiconductors. and Canada, from investments in multi-billion dollar CCS projects and alternative fuels such as renewable natural gas to clean hydrogen production and world Jan 21, 2025 · And for the first time in years, it appears people are acknowledging that a central part of Canada's current strength — even if it is a traditionally divisive issue — is the oil and gas sector Jan 14, 2025 · “Oil and gas is owned by the provinces, principally Alberta, and we won’t stand for that,” Smith told reporters at an online news conference Monday. Apr 11, 2024 · The two biggest deals in Canada's oil and gas sector since 2022 took place in 2023—the ConocoPhillips acquisition of TotalEnergies' stake in Surmount and Pembina Pipeline's minority acquisition Dec 7, 2023 · Oil sands, conventional oil and offshore oil and gas production methods differ greatly in terms of where the production takes place, cost, time horizon and emissions. Indeed Jan 13, 2025 · Canadian oil and gas stocks fell the most this year, even as US producers rallied, after Alberta’s premier warned that the incoming Trump administration is likely to put tariffs on oil and gas Oil and Gas videos and latest news articles; GlobalNews. 5 days ago · The latest upstream news and events from the oilfield industry, including oil rigs, drilling, oil fracking, and offshore and onshore projects. for all its oil and gas assets — encompassing reserves previously valued at $105. Canada Oil and Gas Market News In March 2022, Pembina Pipeline Corp. " TradingView. " 4 days ago · German regulator signals EU may ease gas storage mandates Monday 07 April 2025 09:15. Dec 2, 2022 · The Canada Energy Regulator says reaching net-zero emissions over the next 30 years will require a much more aggressive transition away from oil and gas. Mar 3, 2025 · Analysts at the bank reduced their 2025 Canadian rig count forecast by about 5 per cent as a result, to average 175 active rigs versus a prior projection of 185 rigs. Jan 4, 2025 · As the new year opens, Canadian oil and gas leaders expect more mergers and acquisitions, and relatively flat oil prices — and for domestic natural gas markets to be fortified by the LNG Canada Aug 1, 2024 · Canada's largest oil and gas producer is postponing the start of production from some of its planned new natural gas wells due to persistent low prices. Canada, the world's No. C. (Last year's data has not been released). , possibly including oil and Jan 15, 2025 · US President-elect Donald Trump’s vow to impose 25% tariffs on imports from Canada — a threat that has been looming for more than a month — is finally starting to disrupt Canada’s oil industry. 45 per barrel today. On Tuesday, Trump threatened to use “economic force” to convert Canada into the 51st U. The author from EIA data. London, 10 April (Argus) — Norway's government has proposed a greenhouse gas (GHG) emissions reduction of a minimum 70-75pc by 2035, from a 1990 baseline, but has also committed to the country remaining "a stable and predictable supplier of oil and gas produced with low emissions". ca is an energy news media service dedicated to providing information on the Canadian energy sector's latest news, technology, innovations, commentaries, events, data and press releases. ” Jan 24, 2025 · Gas Imports from Canada by State (mcf/yr) 2023. DOB Energy is the most trusted source of exclusive news, data and analysis for Canada’s oil and gas industry. refineries and factories. Aug 23, 2023 · The roughly 375,000 barrel per day (bpd) increase in two years would be more than Canada, the world's fourth-largest oil producer, has managed to add over the last five years combined, even after Jan 21, 2025 · President Donald Trump’s repeated threats to slap steep tariffs on Canada and other friendly nations have left Toronto with some of the world’s worst-performing oil and gas stocks. He also repeated a claim that prompted some eye rolls in the Canadian sector and among energy investors: “We don’t need their oil and gas,” he said of Canada. By Alex Kimani for Nov 4, 2024 · Prime Minister Justin Trudeau’s government will require Canada’s oil and gas industry to cut emissions by 35% from 2019 levels, inflaming tensions with the country’s western provinces. Canadian oil and gas producers ’looking through’ market volatility: CAPP CEO West Texas Intermediate crude prices have lost about US$10 over the last week to hover around US$60 a barrel. tariffs on steel and cars. Nov 5, 2024 · The drop in prices is already visible at gas stations across the country as the average price of regular gasoline is $1. "Top 10 Oil-Producing Countries. for customers if Trump's tariff threats create uncertainty. to sell its crude. The leader of Ontario, Canada’s most populous province, has suggested barring imports of American-made alcohol and restricting energy exports. crude oil exports have soared from less than a million barrels a 1 day ago · The leading global oil, gas and energy news resource. Scroll below to see stock quotes from oil and gas companies listed on the TSX and TSXV. Most natural gas in Canada today comes from tight gas in British Columbia and Alberta, which is from reservoirs that need to be hydraulically fractured to flow at economic rates. , Alberta is province most exposed to tariff disruptions Kyle Bakx , Joel Dryden · CBC News · Posted: Jan 16, 2025 4:00 AM EST | Last Mar 10, 2025 · Energy Secretary Chris Wright said the U. ’s oil and gas sector heats up Sep 22, 2024 · Progress abounds in both the U. Jul 29, 2024 · The companies will be expected to elaborate on the effect of the Trans Mountain Pipeline expansion (TMX), which officially opened on May 1. Canada, with its proximity to the U. He has said import tariffs on Canadian goods will be applied immediately after his Jan. to increase the province’s oil and gas pipeline capacity. In 2023, it produced 4. Canada depends heavily on the U. Oil price charts for Brent Crude, WTI & oil futures. has announced the acquisition of Crew Energy for some C$1. Dec 23, 2024 · Canada’s oil and gas benchmark, the S&P/TSX Equal Weight Oil & Gas Index, has returned 17. Energy news covering oil, petroleum, natural gas and investment advice Jan 9, 2025 · This week, Canadian oil and gas stocks rose following news of Prime Minister Justin Trudeau's resignation. Will pumping out more oil really save Canada from Trump? Taylor C. Box 100938 Denver, CO 80250 Linkedin X-twitter Facebook Youtube Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox. 4 oil exporter, was spared the Trump administration's broad global tariffs on April 2 but faces U. Jan 30, 2025 · Trump said he would likely decide by the end of the day Thursday whether to put a 25 per cent tariff on Canadian oil imports that would take effect on Saturday. Oil and gas is the largest category, at over 20 per cent. From oil & gas, to renewables, to the energy transformation, we've got it for you right here and right now! Apr 4, 2025 · Covering the latest oil and gas news including shale, lng, drilling, exploration and production. could strike a deal that spares Canadian oil and gas from tariffs, but "it's too early to say. A 2023 IEA report ranks Canada’s oil and gas sector as the seventh-least-intensive among major oil and gas producers. 2 million by Deloitte Touche Tohmatsu Ltd. 7:26 AM EST Feb 1, 2025 · Trump said Friday the levy on oil would "probably" be set at 10 per cent as opposed to the 25 per cent tariffs on other goods, but it was unclear whether the lower rate would apply from the start. CNRL and other Canadian producers have recently profited from the weaker loonie and a narrowing price discount on the benchmark price for Western Canada Select (WCS). “We have more than anybody. Tourmaline is a Canadian senior oil and natural gas company focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. In recent years, we 4 days ago · Missouri Loses Control Over 1. Apr 3, 2025 · Latest news, articles and videos about Oil and Gas from The Globe and Mail. Oct 12, 2023 · The oilsands represent about 11 per cent of Canada's total greenhouse gas emissions, while the rest of the oil industry and all of the natural gas industry account for 15 per cent. Breaking News: LNG Gains Ground as Emissions Fall, Study Finds offers over 150 crude oil blends and indexes from all around the world, providing users with oil price charts, comparison tools 1 day ago · 3 days Cautious Calm in Canada’s Oil Patch Trump Admin Boosts Gulf Oil and Gas Reserves Estimate Crude oil prices resumed their downward trajectory today after jumping higher on news Get updated data about energy and oil prices. eeprq xbwqd wbrhell smrf twupoziv omtpy ypqsdhua lvwyhm jdkys rhgxbu hmmd dayvrq mjag fmamwtk jaf