Oil Output

• As world scrambles for oil, Canadian producers reluctant to spend on growth

  'These geopolitical situations, as fast as (price) goes up, as fast it can go down,' CNRL president Tim McKay said. 'It's very volatile, so you have to manage to those cycles.'

  Money

  Mar 3, 2022
  
• Husky Energy to buy U.S. refinery for $435 million

  A US$435-million deal to buy a refinery in Wisconsin will allow Husky Energy to match processing capacity with its growing heavy oil output while postponing a planned asphalt plant expansion in Alberta.

  Economy

  Aug 14, 2017
  
• Advertisement
• Loonie reaches 3 week high amid upbeat global economy

  The Canadian dollar strengthened to a near three-week high against its U.S. counterpart on Wednesday, together with gains for other commodity-linked currencies after upbeat global economic data.

  Canada

  Jan 4, 2017
• Advertisement
• Oil prices hit 18-month high as OPEC output deal kicks in

  Oil prices hit 18-month highs on Tuesday buoyed by hopes that a deal between OPEC and other big oil exporters to cut production will drain a global supply glut.

  Money

  Jan 3, 2017
• OPEC, non-OPEC agree first global oil pact since 2001

  OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut.

  Dec 10, 2016
• OPEC oil output hits record numbers amid deal to cut supply

  OPEC's oil output set another record high in November ahead of a deal to cut production.

  Canada

  Dec 5, 2016
• Oil tops $55 a barrel for 1st time in 16 months

  Brent futures, the global benchmark used to trade oil, soared to their highest since July 2015 at $55.33 a barrel.

  Consumer

  Dec 5, 2016
• Canadian dollar hits 6-week high as oil, jobs climb

  The Canadian dollar notched a six-week high against its U.S. counterpart on Friday as domestic jobs rose for the fourth straight month and oil climbed, sustaining strength since OPEC's decision midweek to cut crude output.

  Canada

  Dec 2, 2016
• Advertisement
• Here’s why oil prices, the Canadian dollar and stock markets are all up

  These positive trends are somewhat obvious to economists – but not so much to the average Canadian. Here is the low-down on why oil prices, the Canadian dollar and markets are trending upwards:

  Canada

  Dec 1, 2016
• Advertisement
• Canadian dollar hits three-week high as oil surges

  The Canadian dollar strengthened against its firmer U.S. counterpart on Wednesday as oil prices jumped on prospects of an OPEC output cut.

  Canada

  Nov 30, 2016