Fuel

Canada should boost diesel production to one million barrels per day as fuel prices continue to soar, Conservative members of Parliament said Tuesday.

Jennifer Estrada brings cross-functional leadership and portfolio management for major global brands to her new role.

Suncor Energy Inc. announced Sunday that it signed a deal to sell its shares in several offshore oil assets off the east coast of Canada to Ithaca Energy plc., which is based in the United Kingdom.

Canada and its fellow industrialized countries in the G7 agreed Friday to release 100 million barrels of oil and fuel products in the coming weeks.

The U.S. escalated the trade war again earlier this week by imposing import bans on several Canadian goods, including most alcohol, dairy byproducts and motorcycles.

Diesel prices have risen to historic levels over the past month, filtering through to all corners of the economy as shippers and consumers struggle to absorb the blow.

New Brunswick energy giant Irving Oil has tapped European energy executive Alfred Stern as its next president and chief executive.

Sault Ste. Marie distributor takes over fuel assets and customer network in key deal.

Fuel prices tend to ease off around this time of year, but one industry expert says drivers should expect no such relief this time.

The federal government is extending the suspension of federal fuel excise taxes until the new year to help Canadians feeling the pressure from higher energy costs caused by instability in the Middle East.