OPEC+ output surge triggers significant dip in global oil prices

Monday, May 5, 2025, 10:13 am more...

In a move that rattled global markets, OPEC+ announced a sizeable production increase, triggering a noticeable fall in crude prices as investors reacted amid thin holiday trading. The production boost has intensified concerns of oversupply and prompted recalibrations in market dynamics.

citynews.ca / S&P/TSX composite down in late-morning trading as oil falls, U.S. stocks mixed

financialpost.com / Posthaste: What happens when OPEC+ messes with the oil market in a world battered by tariffs

globalnews.ca / Oil prices dip, global shares mixed amid thin holiday trading

permalink / 3 stories from sources in 2 hours ago #economy #globaltrade #energy +

Sunoco to acquire Parkland in billion-dollar deal

Monday, May 5, 2025, 8:21 am more...

U.S. energy giant Sunoco LP has inked a cash-and-stock agreement valued at US$9.1 billion, including assumed debt, to acquire Calgary-based Parkland Corp. The deal unfolds amid heated boardroom maneuvers and rival shareholder ambitions, adding a dash of corporate drama to North America's energy market.

Reddit: r/alberta, r/Calgary

ledevoir.com / L’entreprise américaine Sunoco va acheter Parkland

calgaryherald.com / U.S. company Sunoco signs deal to buy Parkland in agreement valued at US$9.1B

citynews.ca / U.S. company Sunoco signs deal to buy Parkland in agreement valued at US$9.1B

permalink / 3 stories from sources in 3 hours ago #finance #business #energy #canada +

Newfoundland premier exits office amid praises and energy deal controversy

Friday, May 2, 2025, 1:21 pm more...

Newfoundland and Labrador’s outgoing premier departs amid widespread acclaim for ending an imbalanced energy deal with Quebec. While his legacy is marked by a bold political turnaround, critics and supporters alike are left to ponder whether his exit is as glamorous as the headlines suggest.

lapresse.ca / Terre-Neuve-et-Labrador | Andrew Furey quitte ses fonctions sur une vague d’éloges

thestar.com / N.L. premier leaves office on waves of praise, worry about legacy Quebec energy deal

permalink / 2 stories from sources in 2 days ago #politics #energy #nl #atlanticcanada +

Alberta Challenges Federal Clean Electricity Regulations in Court

Thursday, May 1, 2025, 2:21 pm more...

Alberta is taking its grievances to the courtroom, challenging the constitutionality of Ottawa’s clean electricity regulations. This legal showdown pits provincial autonomy against federal policy in a battle that’s as much about environmental strategy as it is about the politics of power—delivering drama that even the most ardent policy wonk finds hard to resist.

cbc.ca / Alberta seeks court ruling on constitutionality of federal clean electricity plan

edmontonjournal.com / Alberta takes federal clean electricity regulations challenge to court

thestar.com / Alberta seeks court ruling on constitutionality of Ottawa's clean electricity plan

permalink / 3 stories from sources in 3 days ago #federal #law #energy #albert +

Ontario Thunderstorm Causes Outages, Rapid Power Restoration Underway

Wednesday, April 30, 2025, 9:10 am more...

A severe thunderstorm tore through Ontario Tuesday evening, toppling trees and power lines, leaving thousands without power. In Toronto, dedicated crews raced against the clock to restore electricity by the following morning. The incident highlights both nature’s unpredictability and the swift, albeit weary, response of local utilities.

ottawacitizen.com / Horse rescued from fallen shed in Vars as storm cleanup continues

globalnews.ca / Thousands without power after Ontario thunderstorms

citynews.ca / Power restored to most customers after storm causes widespread outages in Toronto

permalink / 3 stories from sources in 5 days ago #infrastructure #energy #ontario +