The Canadian Association of Energy Contractors (CAOEC) says Trump's recent threat of 25-per-cent tariffs across the board on goods coming into the U.S. from Canada and Mexico should be taken "very seriously.

OPEC+ is facing a dilemma as the group of major oil producers meets this Sunday, thanks to expectations for a surplus in global oil supplies next year — and as U.S. President-elect Donald Trump’s “drill,

An industry organization predicts 2025 will see the highest amount of oil and natural gas well drilling activity in Canada in a decade.

The Canadian Association of Energy Contractors reports the highest levels of drilling activity and associated jobs since 2015.

The proposed tariffs, if applied to oil and gas, could hammer Canada's economy and hike prices at the pump for Americans, analysts say.