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News Energy Oil & Gas General
October 19, 2020  

Oil price stall, global uncertainty prompt caution from energy companies

Analyst says drawdowns are constructive, but the market remains reliant on drastic production cuts from OPEC+ to restore balance.

News Energy General
July 8, 2020  

Oil sands companies restoring production as demand spurs higher price

Executives are confident the oil price crisis is subsiding but are dismayed by recent setbacks for oil pipelines in the US.

News Energy Manufacturing Oil & Gas General
April 22, 2020  

Plunging oil prices point to ‘deep collapse’ in sector: drilling firm CEO

Kevin Neveu of Precision Drilling says spending on oil and gas exploration will fall even further from already-depressed levels because of pricing signals.

News Oil & Gas General
March 10, 2020  

Oil price crash: what does it mean for Canada?

The turmoil is already affecting Canadian companies and consumers.

News Oil & Gas General
September 19, 2019  

Oil price drops for 2nd day as Saudi crude output recovers

Attack on Saudi Aramco’s processing facility in Abqaiq pushed crude prices up more than 14% Monday.

News Oil & Gas General
September 17, 2019  

Saudi Arabian attacks linked to higher oil prices, spark energy stock rally

A weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record.

News Oil & Gas General
March 19, 2019  

Alberta government announces further easing of oil production restrictions

Effective June 1, the province will allow 3.71 million barrels per day to be produced.

News Oil & Gas General
January 29, 2019  

Oilpatch financial results to reflect extreme Q4 oil price volatility

Analysts also expect investor interest in prospects for crude-by-rail shipments.

News Oil & Gas Transportation General
January 8, 2019  

CN and CP well poised for 2019 trade headwinds: analysts

Crude-by-rail exports have spiked over the past year amidst a pipeline shortage and a big discount on Western Canadian Select oil.

News Energy Oil & Gas General
January 2, 2019  

Oil prices remain strong as Alberta production cutbacks kick in

Provincial curtailments of 325,000 barrels per day aim to relieve a glut and free up export pipeline space.

News Oil & Gas General
December 18, 2018  

Groups preparing new Trans Mountain legal challenge, argue government’s mind made up

Trudeau has said many times the pipeline is going to be built.

News Energy Oil & Gas General
December 18, 2018  

Ottawa to announce $1.6B boost Tuesday for battered energy sector

It is a package based, in some ways, on those offered to softwood, steel and aluminum producers.

News Energy Manufacturing Oil & Gas General
December 5, 2018  

Canadian Natural cuts $1B from budget due to low oil price

Oil sands producer will ramp up capital spending if prices improve and stabilize, and there’s clarity on market access.

News Oil & Gas General
November 29, 2018  

Alberta buying its own rail cars to move oil without feds: Notley

The province has already started talks with a third party to buy enough rail cars and locomotives to put two more oil trains a day on the tracks.

News Oil & Gas General
October 30, 2018  

Energy giant BP says 3Q earnings more than double

The bump was attributed to higher oil prices and streamlined operations.

News Energy Government Manufacturing Oil & Gas Business Operations Economy General Sustainability
April 24, 2017  

Canada will have lots of allies if Trump goes after energy trade: Notley

Alberta premier notes huge cost increases if the US slaps a border adjustment tax on Canadian energy.

News Energy Manufacturing Oil & Gas Business Operations General Operations Production Sustainability
December 13, 2016  

OPEC production jumped before deal on cuts, IEA says

Energy agency says next few weeks will be crucial in determining if production cuts are being implemented.

News Manufacturing Economy General
October 11, 2016  

Sluggish exports slow to offset pain of low oil prices

Bank of Canada’s Stephen Poloz still believes a successful transition will happen – albeit slower than expected.

News Energy Government Manufacturing Oil & Gas Business Operations Economy General
September 29, 2016  

Possible OPEC output deal drives up oil prices by 5%

Excess supply has forced producers to work hard to bring costs down.

News Energy Government Manufacturing Oil & Gas Business Operations Economy General Operations Production
June 29, 2016  

Depressed oil prices push Alberta deficit to $6.4B last fiscal year

Lower resource revenue and a reduced take in corporate and personal income taxes to blame.

News Government Manufacturing Economy General
June 17, 2016  

Inflation rate was just 1.5% in May amid low fuel prices

Higher energy, vehicle prices are offset by offset by cheaper gasoline, fuel oil and natural gas.

News Government Manufacturing Economy General
April 22, 2016  

Lower energy prices keep annual inflation rate at a cool 1.3% in March

Downward forces on oil and gas countered higher prices for shelter and food.

News Energy Government Manufacturing Oil & Gas Economy General Operations Production Sustainability
February 23, 2016  

Slashed spending by drillers could lead to price spike, report says

IEA suggests investment in oil exploration and production is declining for a second straight year.

News Government Manufacturing Economy General
February 17, 2016  

The Liberals face these economic numbers as they prep budget

Economic growth, low oil prices, budgetary balance and debt-to-GDP ratio will all be top of mind come budget season.

News Energy Manufacturing Oil & Gas Business Operations General Production
January 28, 2016  

Shell shareholders approve deal to buy UK rival BG

Deal is worth $49 billion.

News Energy Government Manufacturing Oil & Gas Economy General
January 13, 2016  

Morneau insists Liberal plan will grow economy despite falling loonie, oil

Finance minister hasn’t indicated whether the federal government will accelerate infrastructure spending to kickstart the economy.

News Government Manufacturing Economy General
January 7, 2016  

Canada must let forces behind low dollar, oil prices play out: Poloz

Central bank governor said there is no simple policy response to fix the problem.

News Energy Government Manufacturing Oil & Gas General Operations Production Sustainability
December 22, 2015  

No short term fix for Alberta job losses

Oil price collapse has eliminated 40,000 jobs in the province’s energy sector.

News Energy Government Manufacturing Oil & Gas Business Operations Economy General Operations Production Sustainability
December 7, 2015  

Calgary faces uncertainty and opportunity in 2016

Oil price plunge likely to encourage growth in other sectors to diversify Alberta’s economy.

News Energy Government Manufacturing Oil & Gas General Sustainability
November 20, 2015  

Carbon tax would further punish already ailing Alta. economy: Wildrose

Brian Jean says a tax would hurt Albertan consumers already feeling the pain of low oil prices.

News Government Manufacturing Business Operations General Operations Production
November 17, 2015  

BDC earmarks additional $500M for SMEs impacted by lower oil prices

Development bank will also expand its advisory services to help companies adjust their business operations.

News Government Manufacturing Economy General
October 13, 2015  

Slashed interest rates are saving economy long term: Poloz

Central bank governor admits lower rates put risks on household debt levels, but set the overall economy to recover more quickly.