Crude Oil Prices
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Deloitte forecasts rising crude oil prices over next three monthsProduction cuts, including Saudi Arabia's announcement of an additional cut of one million barrels a day, should help to prop up prices despite weaker demand, the report says.ConsumerJul 6, 2023
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Alberta gas prices at standstill, while other major Canadian cities see price dropSeveral large metropolitan cities across Canada saw a drop in gas prices heading into the weekend but that wasn't the case in Alberta.ConsumerOct 16, 2022
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Gas prices continue rising despite dip in crude oil priceAnalysts say lower crude oil prices are good news for drivers, but will only serve to slow the rate of increase at the pumps.EconomyMar 10, 2022
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Murphy Oil Corporation closes Calgary office, moves headquarters to Houston, TexasMurphy Oil Corporation says the recent drop in crude oil prices is responsible for its decision to close its longstanding office in Calgary and relocate its corporate headquarters to Texas.EconomyMay 7, 2020
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Precision Drilling reports $5.3M Q1 loss, warns of drop in demand well into 2021Precision Drilling reported a loss in its first quarter and warned that it expected a significant and sustained drop in customer demand for oil and gas services well into next year as a result of the recent plunge in oil prices.EconomyApr 30, 2020
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Calgary-based Cenovus Energy reports $1.8B first quarter loss as oil prices plungeCenovus reported a $1.8-billion loss in its first quarter as oil prices fell due to a drop in demand as a result of the COVID-19 pandemic and a oil price war between Saudi Arabia and Russia.EconomyApr 29, 2020
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Economic ‘train wreck’ leaves Calgary-based Husky with $1.7B loss, prompts 90% dividend cutHusky slashed its dividend as it reported a $1.7-billion loss in its first quarter due to impairment charges related to the plunge in crude oil prices as a result of the COVID-19 pandemic.EconomyApr 29, 2020
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Producers advised to spend nothing on drilling as oil price hovers at US$25 amid COVID-19 pandemicWorld oil prices have fallen so low that Canadian producers are being advised not to spend any money on drilling and, in some cases, to stop producing crude oil from existing wells.CanadaMar 19, 2020
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Western Canada oil prices remain strong as Alberta production cap kicks inCrude oil prices in Western Canada remained elevated on Wednesday, the day after provincially mandated oil production curtailments came into force, but a government spokesman says it's too early to say how long the program will remain in place.CanadaJan 2, 2019
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Gasoline prices in most of Canada set to rise this weekend: energy analystDan McTeague, a senior petroleum analyst at GasBuddy.com, says gasoline prices are at near-18-month lows because of global oil prices that have tumbled over the past two months on worries of an economic downturn, a U.S.-China trading tiff and concerns that members of the OPEC oil cartel won't live up to production cuts.EconomyDec 27, 2018
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