Articles on Oil and gas

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Workers on the Almirante Tamandare floating oil production, storage and offloading unit in the Santos Basin, 180km off the coast of Brazil, in 2025. Andre Coelho / EPA

Is the Gulf losing its grip on the oil world?

Oil producers across the Americas have responded to the disruption in the Gulf by increasing output and exports.
Two women from the Iranian Red Crescent Society stand as a thick plume of smoke from a U.S.-Israeli strike on an oil storage facility rises into the sky in Tehran on March 8, 2026. (AP Photo/Vahid Salemi)

The economics of war extend far beyond energy prices and stock markets

Studying the economics of war reveals how some democracies start wars and commit human rights abuses while corporations profit.
With the Canadian dollar no longer rising alongside oil as it once did, price spikes now translate more directly into higher living costs for Canadians. Fuel prices are displayed as a person fills up their car with gas at a station in Montreal on March 5, 2026. THE CANADIAN PRESS/Christopher Katsarov

Middle East conflict is pushing oil prices higher — and most Canadians will feel the costs

Oil shocks create winners and losers, but the Canadian dollar no longer softens the blow the way it once did.

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