Global Oil Prices

• Alberta to lift oil production curtailment at the end of 2020

  The government had previously planned to exit curtailment by the end of 2020 provided export routes were in place.

  Economy

  Oct 23, 2020
  
• Calgary-based Vermilion Energy posts $1.3B loss on oil and gas assets writedown

  A $1.2-billion writedown in the value of its oil and gas assets around the world due to low global commodity prices resulted in a first-quarter net loss of $1.3 billion or $8.42 per share for Vermilion Energy Inc., the energy producer announced Tuesday.

  Money

  Apr 28, 2020
  
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• Oil prices surge amid fears of Iran retaliation against U.S. drone strike

  If sustained, the rise in oil prices could lead to more expensive car fuel, heating and electricity bills, stifling the global economy at a time when it is already slowing.

  World

  Jan 3, 2020
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• U.S. response to drone attacks on Saudi oil sites ‘locked and loaded’: Trump

  Global energy prices spiked on Monday after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record, an assault for which U.S. President Donald Trump warned that the U.S. was “locked and loaded” to respond.

  World

  Sep 16, 2019
• U.S.-China trade dispute is weakening global oil demand, says IEA

  Tensions in the Gulf, where oil tankers have been attacked amid a standoff between the U.S. and Iran, have heightened concerns.

  World

  Aug 9, 2019
• Price of oil settles above US$50 for 1st time in almost a year

  The July benchmark contract for West Texas Intermediate crude closed at US$50.36, the first time it has settled above the US$50 mark since last July.

  Economy

  Jun 7, 2016