Energy

Farming, trade, energy and economic news that matters to Canada, in short plain reports.

Saturday, November 14

Official figures

Canada launches AVOID-Methane at COP31 to help firms sell methane-cutting technology abroad

Environment Minister Julie Dabrusin launched AVOID-Methane on November 13 at the COP31 climate conference in Antalya, Türkiye. The federal release said the program is meant to help Canadian companies sell methane-reduction technology and services in other countries, and that Canada will explore starting business matching in 2027. It also said methane emissions from the oil and gas sector were 44% below 2012 levels in 2024.

Energy. Added 9:11 am Saskatchewan time.References 1

Official figures

Alberta creates oil sands royalty program with a 10-year rate framework

Alberta's government said on November 13 that it is creating an Oil Sands Growth Program, and that new oil sands production would be eligible for the program's royalty rates for 10 years. It said approved projects would pay a low starting royalty rate for the first five years, then see it rise by one percentage point each year until it reaches a top rate in years nine and 10. The government said it is targeting a spring 2027 launch, with a review by Dec. 31, 2029. It also said its goal is to double oil production, which it estimated could bring about $205 billion in extra revenue by 2040.

Energy. Added 1:11 am Saskatchewan time.References 1

Friday, November 13

Official figures

Ottawa invests $200 million to expand a British Columbia LNG export plant

The federal government is putting $200 million into a liquefied natural gas export plant under construction at Squamish, British Columbia, Natural Resources Canada said on November 13. The plant was designed to produce 2.1 million tonnes a year, and the department said the money is meant to lift that to a target of 2.5 to 2.6 million tonnes. Energy Minister Tim Hodgson said Canada has the resources, Pacific access and workforce, and that investment is needed to turn them into jobs and energy security. The government said selling Canadian LNG to allies in Asia and elsewhere supports its aim of doubling trade with countries other than the United States.

Energy. Added 1:08 pm Saskatchewan time.References 1

Official figures

U.S. distillate stocks rose 4.1 million barrels but stayed 8% below five-year average

The U.S. Energy Information Administration said in its weekly petroleum report, covering the week ending November 6, that distillate inventories grew by 4.1 million barrels yet sat 8% under their five-year average. Commercial crude oil stocks, not counting the strategic reserve, rose 4.7 million barrels to 414.4 million barrels, about 4% below the five-year average. The agency said refineries ran at 95.2% of capacity, processing 17.0 million barrels a day.

Energy. Added 9:11 am Saskatchewan time.References 1

Official figures

International Energy Agency says North Sea crude fell more than 30% from October high

The International Energy Agency said in its oil market report, released November 13, that North Sea Dated crude had dropped by more than 30% from a high of $136 a barrel on October 8. It pointed to Gulf exports recovering as the reason the market eased. Diesel in Europe fell 11% over the same period, though the agency called tight diesel supply the biggest worry for the market and consumers. The agency said it expects Canada, the United States, Brazil, Argentina and Guyana together to add 1.6 mb/d of output this year.

Energy. Added 3:08 am Saskatchewan time.References 1

Thursday, November 12

Official figures

Alberta government says methane emissions are down 62 per cent

Alberta's government said updated data show the province has cut methane emissions by 62 per cent, on the way to a 75 per cent cut below 2014 levels that it is aiming for by 2035. Environment Minister Grant Hunter was to present the figures on November 12 at a methane event during the COP31 climate conference in Türkiye. He said Alberta reached its first reduction target years early. The government also said it has put about $172 million into methane-reduction technology since 2019.

Energy. Added 11:09 pm Saskatchewan time.References 1

Official figures

Alberta says Ottawa will not appeal court ruling against Impact Assessment Act

The Alberta government said on November 12 that the province's Court of Appeal has once more found the federal Impact Assessment Act unconstitutional, and that Ottawa has agreed not to appeal. Premier Danielle Smith and Justice Minister Mickey Amery put out a joint statement calling the outcome a win for Albertans. Amery said he welcomed the federal government's plan to honour the ruling and change the Act. The statement refers to the law as Bill C-69 and describes it as the "no new pipelines" law.

Energy. Added 9:07 pm Saskatchewan time.References 1

Wednesday, November 11

Official figures

Regina diesel sold at 237.3 cents a litre on November 11, federal survey shows

Natural Resources Canada's retail fuel survey for November 11 put diesel at 237.3 cents per litre in Regina and 237.4 cents in Saskatoon, with taxes included. Moose Jaw stood at 243.4 cents, Winnipeg at 244.0, Brandon at 244.9 and Calgary at 220.9, while regular gasoline in Regina was 140.2 cents. The Department of Finance said on October 29 that the federal diesel excise tax stays suspended through January 31, 2027. It said the extension supports sectors such as agriculture.

Energy. Added 11:09 pm Saskatchewan time.References 1 2 3 4

Tuesday, November 10

Official figures

Energy Information Administration says it expects Brent near $100 a barrel through 2026

The United States Energy Information Administration said on November 10, in its Short-Term Energy Outlook, that it expects Brent crude to stay near $100 per barrel for the rest of 2026. It said it now expects retail diesel to average $5.03 per gallon in 2027, which is 12.0% above its previous forecast of $4.49. The agency said crude prices rose in October as falling global stocks, tanker attacks in the Persian Gulf, tight shipping capacity and higher transport costs squeezed supply. For November through March, it said it expects Henry Hub natural gas to average $2.87 per million British thermal units.

Energy. Added 4:08 pm Saskatchewan time.References 1

Official figures

Canada's primary energy production rose 3.3% in 2025, Statistics Canada says

Statistics Canada said on November 10 that Canada's primary energy production reached 25 484 petajoules in 2025, up 3.3%. Energy use rose 2.3% to 8 577 petajoules, and the agency said use in agriculture grew 0.9%. It described 2025 as the first full year of the expanded Trans Mountain pipeline, which it said facilitated crude oil exports to Asian markets. The agency tied higher residential and commercial use to a winter colder than the one before.

Energy. Added 12:10 pm Saskatchewan time.References 1

Official figures

U.S. on-highway diesel price falls to $6.127 a gallon, federal data show

The U.S. Energy Information Administration said on November 10 that on-highway diesel averaged $6.127 per gallon on November 9, down $0.165 from the week before. The same table showed diesel $2.290 above its level a year earlier. Regular gasoline averaged $3.995 per gallon, down $0.158 on the week and up $0.939 from a year ago. The agency noted that the prices include all taxes.

Energy. Added 12:10 pm Saskatchewan time.References 1

Sunday, November 8

Official figures

Retail fuel sales rose 25.1% in August from a year earlier, Statistics Canada says

Statistics Canada said on November 6 that unadjusted retail sales were $76.3 billion in August, up 4.5% from August 2025, with higher sales in 15 of 18 commodity classes. Sales of automotive and household fuels rose 25.1%, the largest dollar increase, and automotive fuels alone rose 24.5%. The agency linked the rise in automotive fuels to higher pump prices.

Energy. Added 11:57 am Saskatchewan time.References 1