Canadian heavy crude prices reached their weakest relative to US oil futures since 2018, when a massive pipeline bottleneck prompted Alberta’s government to impose production limits on the largest producers.

Canadian Prime Minister Mark Carney is heading to Alberta days before residents of the oil-rich province head to the polls to vote on a referendum to remain in Canada or seek independence.

Tamarack’s deal to take over Headwater shows the increasing appeal of the Clearwater play.

On the edge of the Canadian Rocky Mountains, companies including Obsidian Energy Ltd. and Yangarra Resources Corp. are breathing new life into a long-dormant gas reservoir — except now they’re drilling for oil.

A group of Canadian oil sands producers reached an agreement with the Alberta and federal governments on next steps toward building a carbon capture and storage system.

Meta Platforms Inc. will invest around $10 billion to build its first data center in Canada as the company expands its infrastructure to support its artificial intelligence ambitions.

Canada’s announcement last week that Trans Mountain Corp. will build a 1 million-barrel-a-day oil pipeline along the government-owned company’s existing Alberta-to-British Columbia route is rekindling Indigenous interest in acquiring a stake in the company.

Alberta and Ontario proposed a crude oil pipeline and energy corridor across Canada as a way of reducing the country’s dependence on the US.

Oil prices were little changed in thin trading as the recovery of Persian Gulf flows fomented a new surplus in key parts of the global market.

Pembina Pipeline Corp. will move ahead with a C$4.6 billion ($3.2 billion) gas-fired electricity plant that will power a data center project in Alberta.

An oil supertanker is once again heading from the Persian Gulf toward the Strait of Hormuz after briefly reversing direction.

An oil supertanker is once again heading from the Persian Gulf toward the Strait of Hormuz after briefly reversing direction.

Oil gained on Friday as planned negotiations between the US and Iran were delayed and tanker traffic out of the Persian Gulf slowed.

Alberta is set to propose a “general corridor” for a planned new million-barrel-a-day oil pipeline to the northern British Columbia coast rather than a specific route, the provincial minister of Indigenous relations said.

Rongsheng Petrochemical Co., already the biggest buyer of crude from Canada’s sole West Coast pipeline, is weighing an agreement to buy oil from Alberta’s next project, a proposed million-barrel-a-day pipeline to British Columbia, according to people familiar with the matter.

Wildfires that erupted on Friday and Saturday in the Canadian oil sands-producing region of Lac la Biche in Alberta have been reclassified as being held or under control, according to Alberta Wildfire.

Wildfires have erupted in Canada’s oil sands-producing region of Alberta with large blazes within 20 kilometers (12.4 miles) of about half a million barrels a day of crude production.

West Texas Intermediate crude briefly fell below $90 a barrel for the first time in almost three weeks amid signs the US and Iran were progressing toward an agreement to reopen the Strait of Hormuz.

Ottawa wants to weaken its dependence on the US, but Washington has other ideas.

Alberta’s planned oil pipeline to the west coast requires Canada to shift away from stricter climate policies and toward promoting greater oil production from new projects, Cenovus Energy Inc.’s chief executive officer said.