Energy News

Israeli Prime Minister Netanyahu waves prior to addressing a joint meeting of Congress on Capitol Hill in Washington

Despite Netanyahu claim, cheap oil not seen swaying Iran behavior

By Yeganeh Torbati WASHINGTON (Reuters) - When Israeli Prime Minister Benjamin Netanyahu urged the United States this week to take a tough line against Iran, he argued that world powers could always push for a better nuclear deal because the Islamic Republic was vulnerable to low oil prices. They noted that Iran has withstood extreme fluctuations in crude prices before and that sanctions have bl…

  • Noble Awards -- Access Hollywood
    Paul Walker Remembered Access Hollywood - 4 hours ago

    It was an emotional night for the family of the late Paul Walker, as they came together for last Friday’s Noble Awards at the Beverly Hilton Hotel. The group gathered … More »Paul Walker Remembered

    Noble Awards -- Access Hollywood

    It was an emotional night for the family of the late Paul Walker, as they came together for last Friday’s Noble Awards at the Beverly Hilton Hotel. The group gathered to honor Paul’s younger brother, Cody, for carrying out the work Paul did with the humanitarian relief organization he founded, Reach Out Worldwide. Access …

  • Bank of Canada Governor Stephen Poloz delivers a speech to students and business leaders at Western University's Ivey School of Business in London, Ont. on Tuesday, Feb. 24, 2015. The Bank of Canada is holding its key interest rate at 0.75 per cent - for at least another month. THE CANADIAN PRESS/ Mark Spowart
    Standing pat: Bank of Canada keeps its trendsetting interest rate at 0.75% The Canadian Press - 4 hours ago

    The Bank of Canada maintained its key interest rate Wednesday as it credited global economic conditions and its January cut for helping the country weather the bruising … More »Standing pat: Bank of Canada keeps its trendsetting interest rate at 0.75%

    Bank of Canada Governor Stephen Poloz delivers a speech to students and business leaders at Western University's Ivey School of Business in London, Ont. on Tuesday, Feb. 24, 2015. The Bank of Canada is holding its key interest rate at 0.75 per cent - for at least another month. THE CANADIAN PRESS/ Mark Spowart

    The Bank of Canada maintained its key interest rate Wednesday as it credited global economic conditions and its January cut for helping the country weather the bruising oil slump. It was the bank's first policy decision since January when governor Stephen Poloz stunned markets by lowering the rate a quarter of a percentage …

  • FILE - This is a Thursday, June 26, 2014 file photo of a customer who douses her french fries with ketchup at the concession stand before the start of the movies at the Saco Drive-In in Saco, Maine. The World Health Organization say we’re eating too much sugar and should slash our intake to just 5 to 10 percent of our overall calories. The guidelines were released Wednesday March 4, 2015, after a year of consultation. The recommendations are focused on added sugars in food and those in honey, syrups and fruit juices. The advice does not apply to naturally occurring sugar in fruits, vegetables and milk. (AP Photo/Robert F. Bukaty, File )
    No way to sugarcoat this: WHO says sugar should be no more than 5-10 per cent of total calories The Canadian Press - 4 hours ago

    New guidelines from the World Health Organization are enough to kill anyone's sugar high. The guidelines, released Wednesday, finalize draft advice first released last … More »No way to sugarcoat this: WHO says sugar should be no more than 5-10 per cent of total calories

    FILE - This is a Thursday, June 26, 2014 file photo of a customer who douses her french fries with ketchup at the concession stand before the start of the movies at the Saco Drive-In in Saco, Maine. The World Health Organization say we’re eating too much sugar and should slash our intake to just 5 to 10 percent of our overall calories. The guidelines were released Wednesday March 4, 2015, after a year of consultation. The recommendations are focused on added sugars in food and those in honey, syrups and fruit juices. The advice does not apply to naturally occurring sugar in fruits, vegetables and milk. (AP Photo/Robert F. Bukaty, File )

    New guidelines from the World Health Organization are enough to kill anyone's sugar high. The guidelines, released Wednesday, finalize draft advice first released last year and are focused on the added sugars in processed food, as well as those in honey, syrups and fruit juices. "We have solid evidence that keeping intake …

  • Canadian Taxpayers Federation Director Aaron Wudrick and pig mascot Porky the Waste Hater stand behind the CTF awards after they presented the 17th Annual Teddy Government Waste Award Winners during a news conference in Ottawa, Wednesday, March 4, 2015. THE CANADIAN PRESS/Fred Chartrand
    Fontana named federal Teddy winner for defrauding taxpayers over son's wedding The Canadian Press - 4 hours ago

    Former federal cabinet minister and London, Ont., mayor Joe Fontana has been named recipient of an award he may not want to accept. Fontana is the winner of the 2015 … More »Fontana named federal Teddy winner for defrauding taxpayers over son's wedding

    Canadian Taxpayers Federation Director Aaron Wudrick and pig mascot Porky the Waste Hater stand behind the CTF awards after they presented the 17th Annual Teddy Government Waste Award Winners during a news conference in Ottawa, Wednesday, March 4, 2015. THE CANADIAN PRESS/Fred Chartrand

    Former federal cabinet minister and London, Ont., mayor Joe Fontana has been named recipient of an award he may not want to accept. Fontana is the winner of the 2015 federal Teddy Waste Award, a dubious honour bestowed on individuals and governments each year by the Canadian Taxpayers Federation. The former Liberal MP …

  • Canada's Encana plans share issue amid energy price slump Reuters - 4 hours ago

    Encana Corp , Canada's largest natural gas producer, said on Wednesday it plans to raise up to C$1.44 billion ($1.16 billion) through a secondary share issue as the company … More »Canada's Encana plans share issue amid energy price slump

    Encana Corp , Canada's largest natural gas producer, said on Wednesday it plans to raise up to C$1.44 billion ($1.16 billion) through a secondary share issue as the company looks to bolster a balance sheet weakened by low oil and natural gas prices. Encana said it has agreed to sell 85.62 million shares, priced at C$14.60 …

  • Marussia buyer says team too good a story to end Reuters - 4 hours ago

    By Alan Baldwin LONDON (Reuters) - Stephen Fitzpatrick emerged as the new owner of the stricken Marussia Formula One team on Wednesday with the assurance that he was … More »Marussia buyer says team too good a story to end

    By Alan Baldwin LONDON (Reuters) - Stephen Fitzpatrick emerged as the new owner of the stricken Marussia Formula One team on Wednesday with the assurance that he was going in with eyes wide open and no illusions about the task ahead. Marussia missed the final three races of last year after going into administration in …

  • Japan court battles could delay nuclear restarts further Reuters - 5 hours ago

    By Mari Saito and Kentaro Hamada TOKYO (Reuters) - The fight over restarting Japan's nuclear industry is moving to the courts, where power companies face the risk of … More »Japan court battles could delay nuclear restarts further

    By Mari Saito and Kentaro Hamada TOKYO (Reuters) - The fight over restarting Japan's nuclear industry is moving to the courts, where power companies face the risk of further delays in firing up idled reactors if judges side with local residents worried about nuclear safety. Four reactors owned by two utilities cleared …

  • Mexico's President Enrique Pena Nieto delivers an address to members of the British All-Party Parliamentary Group at the Houses of Parliament in London
    Mexican ruling party insiders fear embattled president a liability Reuters - 5 hours ago

    By Dave Graham and Anahi Rama MEXICO CITY (Reuters) - Mexican ruling party lawmakers fear President Enrique Pena Nieto's lurch into scandal, weak economic record and … More »Mexican ruling party insiders fear embattled president a liability

    Mexico's President Enrique Pena Nieto delivers an address to members of the British All-Party Parliamentary Group at the Houses of Parliament in London

    By Dave Graham and Anahi Rama MEXICO CITY (Reuters) - Mexican ruling party lawmakers fear President Enrique Pena Nieto's lurch into scandal, weak economic record and struggle to tame corruption could hurt them in upcoming elections, raising pressure on him to take bold steps or shake up the cabinet. Pena Nieto's approval …

  • Tony Ward's family 'incredibly concerned' about his disappearance CBC - 5 hours ago

    Anthony "Tony" James Ward, 56, was last seen in the Hill area of the city on Friday, Feb. 13, and his car was discovered six days later in a church parking lot in the … More »Tony Ward's family 'incredibly concerned' about his disappearance

    Anthony "Tony" James Ward, 56, was last seen in the Hill area of the city on Friday, Feb. 13, and his car was discovered six days later in a church parking lot in the Chipman-Minto area.

  • Quebec Innu protesting Muskrat Falls project CBC - 6 hours ago

    Dozens of Pakua Shipi Innu from the Quebec Lower North Shore demonstrated their frustration over the Muskrat Falls project Wednesday by establishing a selective blockade … More »Quebec Innu protesting Muskrat Falls project

    Dozens of Pakua Shipi Innu from the Quebec Lower North Shore demonstrated their frustration over the Muskrat Falls project Wednesday by establishing a selective blockade on a section of the Trans-Labrador Highway. "The project is in the works.

  • U.S. Senate fails to override Obama's Keystone XL veto CBC - 6 hours ago

    Republicans have failed to muster enough votes to overrule U.S. President Barack Obama's recent veto of a bill that would have approved the Keystone XL pipeline. A vote … More »U.S. Senate fails to override Obama's Keystone XL veto

    Republicans have failed to muster enough votes to overrule U.S. President Barack Obama's recent veto of a bill that would have approved the Keystone XL pipeline. A vote that would have overridden Obama's recent veto lost 62-37 on Wednesday. The $8 billion, 1,800-kilometre pipeline, proposed by the TransCanada Corporation, …

  • Bank of Canada says January cut did its job, holds rates steady Reuters - 7 hours ago

    By Randall Palmer and Leah Schnurr OTTAWA (Reuters) - The Bank of Canada held interest rates steady on Wednesday, in line with indications it sent out over the past … More »Bank of Canada says January cut did its job, holds rates steady

    By Randall Palmer and Leah Schnurr OTTAWA (Reuters) - The Bank of Canada held interest rates steady on Wednesday, in line with indications it sent out over the past two weeks, signaling it was satisfied with how markets and the economy have reacted to its surprise rate cut in January. The central bank shocked traders …

  • China's Chen avoids shock exit after uncomfortable night Reuters - 7 hours ago

    Chen, the world number one and top seed, woke up with a muscle spasm in his neck, putting the issue down to a softhotel pillow. Chen’s forehand smash was prominent thereafter … More »China's Chen avoids shock exit after uncomfortable night

    Chen, the world number one and top seed, woke up with a muscle spasm in his neck, putting the issue down to a softhotel pillow. Chen’s forehand smash was prominent thereafter and he comfortably took the third 21-9, setting up a last-16 clash with Hsu Jen Hao of Chinese Taipei. I kept my consistency and tried to control …

  • Canada's PM Harper makes an announcement regarding life sentences in Toronto
    Canada's Harper: economy will continue to grow despite oil slump Reuters - 7 hours ago

    By Andrea Hopkins TORONTO (Reuters) - The Canadian economy will continue to grow despite a sharp fall in the price of oil, but there is plenty of concern in the energy-producing … More »Canada's Harper: economy will continue to grow despite oil slump

    Canada's PM Harper makes an announcement regarding life sentences in Toronto

    By Andrea Hopkins TORONTO (Reuters) - The Canadian economy will continue to grow despite a sharp fall in the price of oil, but there is plenty of concern in the energy-producing province of Alberta, Prime Minister Stephen Harper said on Wednesday. Harper, speaking to reporters after an event in Toronto, also repeated …

  • U.S. oil storage depots near capacity CBC - 8 hours ago

    An Energy Department report today showed U.S. supplies of oil were at their highest level in 80 years. West Texas Intermediate crude, the most common North American … More »U.S. oil storage depots near capacity

    An Energy Department report today showed U.S. supplies of oil were at their highest level in 80 years. West Texas Intermediate crude, the most common North American contract, initially fell on the news, but by the close of the day was up $1.09 to $51.61 US a barrel. Brent crude, the international contract traded in London, …