04 April

Volume 0% Alberta oilsands struggling as Western Canadian Select plunges to $5 per barrel Saudi Arabia sharply criticized Russia on Saturday over what it described as Moscow blaming the kingdom for the collapse in global energy prices, showing the tensions ahead of an emergency meeting of OPEC and other oil producers. Oil prices sharply fell […]

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03 April

Pipeline leading to the Syncrude Canada Ltd. upgrader plant sits at the company’s mine near Fort McMurray, Alberta, Canada, on Tuesday, June 2, 2015. Canadian stocks rose a second day as commodities producers rallied after the price of oil climbed to the highest level this year while gold and copper led metals higher. Photographer: Bloomberg/Bloomberg […]

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30 March

An oil pumping jack, also known as a ‘nodding donkey,’ operates in an oil field near Samara, Russia, on Tuesday, May 14, 2019. , Bloomberg It’s been another choppy morning, with U.S. futures moving in and out of positive territory, as the deluge of COVID-19 developments continues. Over the weekend, top U.S. infectious disease expert […]

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30 March

Volume 0% Prime Minister Justin Trudeau said on Saturday that he was "Very concerned" about OPEC’s decisions recently but would remain focused on trying to help Canadians impacted by the COVID-19 pandemic including those in the oil sector. Trudeau would say if he would take more aggressive actions with Saudi Arabia. Canada’s main stock index […]

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30 March

Volume 0% Prime Minister Justin Trudeau said on Saturday that he was "Very concerned" about OPEC’s decisions recently but would remain focused on trying to help Canadians impacted by the COVID-19 pandemic including those in the oil sector. Trudeau would say if he would take more aggressive actions with Saudi Arabia. Oil took another stomach-churning […]

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30 March

* Canadian dollar weakens 1.2% against the greenback * Price of U.S. oil decreases 6% * Loonie trades in a range of 1.4000 to 1.4168 * Canadian bond yields fall across the curve TORONTO, March 30 (Reuters) – The Canadian dollar weakened against its U.S. counterpart on Monday as the price of oil fell and […]

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29 March

The U.S. shale patch laments oil prices in the low $20s crippling companies with already weakened debt and liquidity profiles. But further north, the outlook for Canada’s oil patch is even gloomier. Hit by the pandemic-driven demand shock and the price war-induced supply shock, Canadian oil prices have already crashed to below US$10 a barrel. […]

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28 March

Premier Jason Kenney says he will be meeting with officials in the United States to determine a plan to save the oil industry in North America. EDMONTON — Premier Jason Kenney is calling an extreme drop in oil prices a product of "a flood of OPEC oil" coming onto the market and he wants Ottawa […]

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28 March

Prime Minister Justin Trudeau speaks at a press conference about COVID-19 in front of his residence at Rideau Cottage on the grounds of Rideau Hall. Trudeau said Canada would continue to participate in international conversations on the path forward for the oil and gas sector. (Justin Tang/Canadian Press) As the price of oil crashed to […]

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23 March

Skyline of Edmonton, Alberta—sometimes called the “Oil Capital of Canada.” Image courtesy of Pixabay. Editor’s note: This story was originally published by Canada’s National Observer . It appears here as part of the Climate Desk collaboration. In the face of an economic crisis triggered by the global spread of COVID-19 and worsened by the Saudi […]

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