oil prices

94 Articles

An oil tanker is moored at the Sheskharis complex, part of Chernomortransneft JSC, a subsidiary of Transneft PJSC, in Novorossiysk, Russia, on Tuesday, Oct. 11, 2022. (AP Photo, File)

EU sets Russian oil cap to reduce Putin's war chest

Oil prices rose on Monday, December 5, 2022, as the first strong measures to limit Russia's oil profits over the war in Ukraine took effect, bringing with them uncertainty about how much crude could be lost to the global economy through the new sanctions or Russian retaliation.

By David McHugh | News | December 5th 2022

CEO of oil and gas company BP Bernard Looney talks during the Abu Dhabi International Petroleum Exhibition & Conference in Abu Dhabi, United Arab Emirates, on Monday, Oct. 31, 2022. (AP Photo/Kamran Jebreili)

Soaring energy prices ups pressure for windfall tax in Britain and U.S.

BP’s earnings more than doubled in the third quarter as the London-based energy giant benefited from high oil and natural gas prices following Russia’s invasion of Ukraine.

By Danica Kirka | News | November 1st 2022

Executive Director of the United Nations World Food Programme David Beasley is pictured in Ottawa on Tuesday, Sept. 27, 2022. File photo by The Canadian Press/Sean Kilpatrick

Famine will strike Horn of Africa if food crisis is not addressed, UN food chief warns

The head of the World Food Program is urging countries to follow Canada in trying to avert a looming famine in East Africa, which he warns could get even worse due to sanctions against Russia.

By Dylan Robertson | News | September 28th 2022

Minister of Environment and Climate Change Steven Guilbeault speaks to media at the United Nations in New York, on Wednesday, Sept. 21, 2022. File photo by The Canadian Press/Sean Kilpatrick

Canada's environment minister has no plans to heed UN call for windfall taxes

Environment Minister Steven Guilbeault isn't warming to the idea of combating climate change by imposing a windfall tax on the massive profits being posted by some Canadian oil and gas producers.

By Mia Rabson | News, Politics | September 23rd 2022

Canada's debt level and fiscal policy sustainable over long term: parliamentary budget officer

The parliamentary budget officer says Canada's current fiscal policy is sustainable over the long term.

By The Canadian Press | News, Politics | July 29th 2022

Natural Resources Minister Jonathan Wilkinson speaks with a reporter after a cabinet meeting on Parliament Hill in Ottawa on Tuesday, June 21, 2022. File photo by The Canadian Press/ Patrick Doyle

Gas tax break not happening, at least not yet: Wilkinson

The federal government has no immediate plans to cut prices at the pump by offering Canadians a temporary reprieve from the federal gas tax, Natural Resources Minister Jonathan Wilkinson said on Tuesday, June 21, 2022.

By Mia Rabson | News, Politics | June 22nd 2022

The price of gas is seen as a motorist fills up at a gas station in Montreal on Friday, May 6, 2022. File photo by The Canadian Press/Paul Chiasson

Gas prices are going up, up, up

A leading energy price expert says gas prices could go up another five cents across Canada if Russia decides to intensify its assault on Ukraine or declare all-out war come Monday.

By The Canadian Press | News, Politics | May 9th 2022

Minister of Environment and Climate Change Steven Guilbeault arrives to Parliament Hill in Ottawa on Thursday, May 5, 2022. Photo by The Canadian Press/Sean Kilpatrick

Oil companies' record profits should be invested in climate action: Guilbeault

Canada's big oil companies are making record profits this year and should be using some of that extra cash to invest in things that curb their greenhouse gas emissions, Environment Minister Steven Guilbeault said on Thursday, May 5, 2022.

By Mia Rabson | News, Politics | May 6th 2022

A journalist goes over her copy of the 2022 federal budget as she works in the media lockup, ahead of the tabling of the federal budget, in Ottawa, on Thursday, April 7, 2022. Photo by The Canadian Press/Justin Tang

Budget 2022: $452B plan aims to tackle affordability, spark innovation

Finance Minister Chrystia Freeland’s second pandemic budget turns Canada’s fiscal focus to making life more affordable and giving a long-needed boost to Canadian productivity.

By Mia Rabson | News, Politics | April 8th 2022

Today's federal budget will commit to billions in new spending

The federal Liberals are set to unveil their latest spending plan today, April 7, 2022, that aims to balance promises made to voters in last year's election campaign, in the pact with the NDP, and recently to Canada's global defence allies.

By The Canadian Press | News, Politics | April 7th 2022

oil prices

Pages