South Bow is exploring a revived cross-border pipeline project, the Prairie Connector, that could expand Canadian crude exports to the United States if it secures political approval and overcomes regulatory hurdles.

The Justice Department said the president has the legal authority to overrule state regulators and reopen an offshore oil pipeline that was shut down after causing a gigantic oil spill.

The Trump administration directed Houston's embattled Sable Offshore to start pumping oil as the Iran war pressures oil markets.

With war in the Middle East raging, oil prices are soaring. To temper the costs, the United States government is turning to oil stored in massive salt caverns.

By Amanda Stephenson CALGARY, March 9 (Reuters) - The Canadian tycoon who heads one of North America's fastest growing oil companies told Reuters he supports a proposal to potentially revive parts of the former Keystone XL pipeline and wants to see Canada use the project as leverage in upcoming trade negotiations with the United States.

A proposal led by Canadian company South Bow to revive parts of the cancelled Keystone XL oil pipeline could increase Canada's crude exports to the

FRANKFURT, Germany (AP) — The Iran war has put at risk some of the world’s most critical oil and gas infrastructure — the pipelines, refineries, and shipping terminals that keep energy flowing from the countries around the Persian Gulf to the global economy.

Since the beginning of the war with Iran, prices have surged around 70 cents per gallon.