crude oil News Updates

The Alberta and Canadian governments reached a deal to reduce methane emissions, setting the stage for a new pipeline to the Pacific coast.

Delcy Rodríguez presented a reformed industry — one that has opened up to private capital, international arbitration and scrutiny in less than three months.

Iran said foreign ships are allowed to cross the Strait of Hormuz as long as they aren’t supporting acts of aggression against the country and follow certain rules.

Enbridge hasn’t ruled out helping build a new oil pipeline from Alberta to the British Columbia coast under the right regulatory conditions, the company's CEO said.

The Canadian energy leader pitched increasing natural gas flows to the U.S. to boost LNG exports from the Gulf Coast and meet rising power demand from data centers.

An oil refinery fire near the Texas coast was put out March 24, hours after a large explosion at the complex shot plumes of smoke into the air.

DoorDash is offering extra compensation to U.S. and Canadian drivers as part of a temporary program to help offset rising gas prices.

Canada would be the third-largest contributor to the IEA’s program, with the added crude at about 130,000 extra barrels a day if rolled out over six months.

The IEA said the release will largely consist of crude oil, though contributions from Europe will primarily take the form of refined petroleum product.

The strikes sent fuel prices soaring and risked drawing Iran’s Arab neighbors directly into the conflict.