08 June

Oil prices are on the rise. Good morning! When oil prices plunged into negative territory to -$37 per barrel in April, few brave souls would have guessed that they would rebound more than 200 per cent to more than US$39 per barrel today. But such are the times we live in. Brent crude was up […]

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08 June

A pumpjack operates on an oil well in the Permian Basin near Orla, Texas. Photographer: Daniel Acker/Bloomberg , Photographer: Daniel Acker/Bloomberg West Texas Intermediate crude oil has traded above US$40 per barrel for the first time since March 6 after OPEC+ did exactly as expected this weekend by confirming its plan to extend existing production […]

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06 June

The Nigerian Government has seized a private jet bought by Dan Etete, a former Minister of Petroleum, with some of the alleged proceeds of the $1.3bn Malabu oil deal. The seizure was confirmed to Finance Uncovered by Nigeria’s lawyer, Babatunde Olabode ‘Bode’ Johnson. Johnson said that the order was served on the jet’s owner, a […]

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06 June

Oil’s brief dip into negative values this month was the result of fear that storage space would run out and buyers would have nowhere to put their oil amid the current pandemic. While widely reported, this sudden plunge is a distraction. Prices are now back above zero, but futures contracts (the price of oil delivery […]

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04 June

FILE PHOTO: Canada’s Minister of Finance Bill Morneau waits for a meeting of the special committee on the COVID-19 pandemic to begin in the House of Commons on Parliament Hill in Ottawa By Rod Nickel and Jeff Lewis WINNIPEG, Manitoba/TORONTO (Reuters) – Canadian oil producers sideswiped by economic damage from the coronavirus pandemic have received […]

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27 May

Alberta Energy Regulator suspends monitoring requirements across oil and gas industry Premier Kenney fires back at comments about oil industry , says they’re ‘un-Canadian’ Trudeau disagrees with Greens, BQ assessment of oil sector ‘Please stop kicking us when we’re down’: Jason Kenney responds to May and Blanchet’s comments about oil industry Coronavirus outbreak: Trudeau says […]

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27 May

The COVID-19 pandemic has derailed Premier Jason Kenney’s plans to cut spending and eliminate the deficit. Just over a year ago Jason Kenney swept to power in Alberta with a mandate to cut corporate taxes, kill the carbon tax, pull back public spending and create private-sector jobs. That was the easy part. Now, after a […]

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16 May

A pumpjack works at a well head on an oil and gas installation near Cremona, Alta. With Canada’s energy sector on its knees, leaders of two federal opposition parties —Elizabeth May (Greens) and Yves-François Blanchet (Bloc) — last week declared the sector dead and warned against any assistance for one of our country’s most important […]

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14 May

Former Newfoundland and Labrador premier Brian Tobin weighed in Thursday in support of a lobby effort to have Ottawa help the offshore oil industry through an unprecedented crisis. (Zoom) A virtual town hall hosted Thursday by a St. John’s-based oil industry lobby group turned into a booster session for federal cabinet minister Seamus O’Regan, who […]

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14 May

Prime Minister Justin Trudeau talking with reporters outside Rideau Cottage during his isolation in March. Canada announced that in order for businesses to receive COVID-19 economic aid, they will be required to disclose their climate impacts and commit to making environmentally sustainable decisions, E&E News reported . The condition is part of the country’s new […]

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