Air Canada to suspend some flights to New York’s JFK over jet fuel costs | Globalnews.ca
[ad_1] Air Canada said Friday it will suspend its flights from Toronto and Montreal to New York’s John F. Kennedy International Airport later this year due to surging jet fuel costs. The airline said in an email the suspension will begin on June 1, with plans to resume on Oct. 25. Get daily National news […]
Oil prices fall as Iran agrees to reopen Strait of Hormuz during ceasefire | Globalnews.ca
[ad_1] Oil prices fell sharply Wednesday morning amid news Iran has agreed to reopen the Strait of Hormuz as part of its two-week-long ceasefire with the United States. But when that will translate to price drops at Canadian gas pumps remains unclear as shipping companies scramble to get their products to market. Benchmark U.S. crude […]
Spike in cost of diesel threatens consumer wallets, global supply chain: experts | Globalnews.ca
[ad_1] While the war in Iran has sent gasoline prices soaring around the world, there are growing concerns about how the spike in the cost of other fuels could also affect consumers and the broader economy. In Canada, the average price of diesel has surged to nearly $2.30 per litre — more than 50 per […]
Gas rises to $1.50 in Edmonton as Middle East conflict pushes up oil prices | Globalnews.ca
[ad_1] Prices at many Edmonton gas stations have jumped to about $1.50 per litre for regular gasoline, as the conflict in the Middle East drives up the price of oil. Wholesale gasoline has risen roughly 20 cents since Tuesday while diesel is up nearly 40 cents — which energy analyst Dan McTeague said has a […]
Oil prices top US$81 a barrel amid Iran war, pushing global markets down | Globalnews.ca
[ad_1] Stocks sank on Wall Street Thursday after the price of oil spiked to its highest level since the summer of 2024 because of the war with Iran. The S&P 500 fell 0.6% and erased what had been a small gain for the year so far. The Dow Jones Industrial Average briefly dropped more than […]
Iran war oil price spike could cushion Alberta, Saskatchewan budgets | Globalnews.ca
[ad_1] As concerns rise over high oil prices due to the war in Iran, Canada’s oil-producing provinces could actually see revenue increase. The price for a barrel of crude topped USD$73 in the early morning on Monday, up from less than $64 on Feb. 26. As of Tuesday afternoon, that number had jumped to about […]