Norwegian government rebuked over decision to reopen North Sea gas fields

Ministers also approve exploration in 70 new areas of country’s waters, prompting accusations of madness and greenwashing The Norwegian government has been heavily criticism for approving plans to reopen three North Sea gas fields nearly three decades after they were closed to help fill the gap in energy supplies created by the Middle East war. Amid sharp price rises in oil and gas since the US and Israel’s attack on Iran in February, Oslo has also given its approval for oil and gas companies...

By Miranda Bryant and Jillian Ambrose

Canada and Europe should get ‘creative’ in forging closer ties, EU ambassador says

The EU’s Ambassador to Canada, Geneviève Tuts, says the bloc is looking to "elevate" its relationship with this country and take it to the "next level."

Tasha Kheiriddin: Mark Carney, the European prime minister

The pivot is personal and political, not just economic

By Tasha Kheiriddin

Diamondback sees Permian rig surge as oil prices spike on Iran war

OIL PRICE WATCH as of May 6, 2026

MANILA, Philippines – Renewed increases in fuel prices this week are expected to deepen inflationary pressures in the Philippines, as economists warn that volatile oil markets continue to drive up the cost of basic goods and services. On Tuesday, inflation surged to a more than three-year high of 7.2 percent in April, exceeding both market

By Dona Policar

Price Tracker: Oil, fuel monitor for May 6

Fuel prices rose again as the government reported on how transport and household costs contributed to rapid April inflation.