An oil rig drilling during Saskatchewan’s winter Canada averaged 226 active drilling rigs this week according to data from the Canadian Association of Energy Contractors. Of those rigs, 27% are drilli ...

OTTAWA — A controversial gas pipeline that links to Russia beneath the Baltic Sea could be part of a broader package of sanctions should Russia invade Ukraine, says Germany's ambassador to Canada. Amb ...

U.S. energy firms added oil and natural gas rigs for a record 18th month in a row after boosting the rig count again this week as oil prices soared to their highest since 2014, prompting more drillers ...

OTTAWA — The European Union remains staunchly united in the face of a possible Russian invasion despite concern that some countries in Europe may be waffling due to economic self-interest, says the Ca ...

Russian oil well The White House on Wednesday said it faced challenges in finding alternative sources of energy supplies to Europe if Russia invades Ukraine and energy flows from Russia are interrupte ...

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Oil prices dropped on Monday on worries about supply disruption amid rising tensions in Eastern Europe and the Middle East, which could make an already tight market even tighter, while OPEC and its al ...

U.S. energy firms this week cut oil rigs for the first time in 13 weeks after crude prices fell for six weeks in a row from late October-early December. Oil prices, meanwhile, have recovered and trade ...