Articles on Oil shocks

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As global energy supply pressures grow, fuel shortages are affecting everyday access. Auto rickshaw drivers queue to refuel their vehicles at a fuel station in Hyderabad, India, on March 14, 2026. (AP Photo/Mahesh Kumar A.)

As oil shortages deepen, wartime rationing offers a guide for today’s governments

Fuel shortages are rising worldwide, and some countries have started rationing fuel. Wartime rationing offers a model for managing scarcity more fairly.
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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