Quebecers prefer Alberta oil, but deviate a bit from rest of Canada on pipeline safety issues. Good Morning! A vast majority of Quebecers (65 per cent) prefer their oil was sourced from Western Canada, compared to just 13 per cent who picked American oil and 5 per cent who preferred to get their fossil-fuel fix […]
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The discount on Canadian heavy crude widened versus U.S. benchmark West Texas Intermediate (WTI) crude on Tuesday, as stockpiles remained elevated due to transportation constraints. * "The train that derailed in Saskatchewan caused much damage to the track so it might take a few more days or even a week and a bit to get […]
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Crescent Point Energy logo Crescent Point Energy Corp (NYSE:CPG) (TSE:CPG) rose 5% during trading on Tuesday . The company traded as high as $3.80 and last traded at $3.76, approximately 4,794,625 shares traded hands during trading. An increase of 73% from the average daily volume of 2,767,498 shares. The stock had previously closed at $3.58. […]
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Oil prices were up on Tuesday as Washington agreed to delay the scheduled December 15th tariff hike on China. The impact of the OPEC+ production cut agreement on markets has also yet to wear off. Oil prices Rig Count Chart of the Week Natural gas – The volume of natural gas that was vented or […]
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LANIGAN, SASK.—Saskatchewan’s public safety agency says crews are working in frigid temperatures as they continue to battle a fire that started when a freight train carrying crude oil derailed. The province says crews are taking precautions as Environment Canada has issued an extreme cold warning for the area with wind-chill values in the -30s C. […]
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Pumpjacks are shown pumping crude oil near Halkirk, Alta., on June 20, 2007. , THE CANADIAN PRESS/Larry MacDougal CALGARY — Slower growth in domestic fossil fuel consumption is expected over the next 20 years as Canadians use more renewable energy and cut their energy use per capita, according to a new forecast from the Canada […]
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The discount on Canadian heavy crude eased versus U.S. benchmark West Texas Intermediate (WTI) crude on Monday, but remained at relatively high levels due to large inventories and strained transport. * High stockpiles need to ease for the heavy differential to narrow substantially, a Calgary-based energy source said. * Western Canadian oil stocks climbed to […]
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Inter Pipeline CEO Christian Bayle speaks at the Heartland Petrochemical Complex construction site in September 2019. Image: Joey Podlubny/JWN Nearly 80 percent of Inter Pipeline’s planned 2020 capital program will be directed toward construction of the Heartland Petrochemical Complex, the company said on Thursday. The facility, under construction near Fort Saskatchewan, will be Canada’s first […]
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The TFSA is an outstanding vehicle to grow your savings or build a retirement fund. All earnings from the account are tax-free, which is advantageous as you get older and closer to the sunset years . However, the last thing you would want is to face the Canada Revenue Agency (CRA) in a legal tussle. […]
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Kenney to meet Trudeau Alberta Premier Jason Kenney holds a media conference at the Alberta United Conservative Party Annual General Meeting in Calgary, Alta., Sunday, Dec. 1, 2019. Alberta Premier Jason Kenney will meet Tuesday with Prime Minister Justin Trudeau in Ottawa to discuss issues ranging from pipelines to equalization. Alberta Premier Jason Kenney and […]
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