Oil Demand
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Federal government releases ‘just transition’ plan to shift to clean energy economyThe plan says while Canadians must accept that demand for oil and gas will drop sharply, it will not disappear entirely.CanadaFeb 17, 2023
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Gas prices are high today, but OPEC forecasts cooling oil demand next yearOPEC said its 2023 forecasts assume there will be no escalation of the war in Ukraine and that risks such as rising inflation do not take a heavy toll on global economic growth.WorldJul 12, 2022
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Oil industry still recovering 1 year after commodity’s historic freefall into negative pricing territoryOn Tuesday, the CEO of an Edmonton-based oilfield service company reflected on the day he saw U.S. crude oil futures turn negative for the first time in history.EconomyApr 20, 2021
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Arguments made in Minnesota appeals court over Enbridge’s Line 3 projectThe Minnesota Court of Appeals on Tuesday heard arguments over Enbridge's Line 3 replacement project in northern Minnesota, which opponents are calling unnecessary.EnvironmentMar 23, 2021
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Imperial Oil CEO says COVID-19’s resurgence stalling refined fuel demand recoveryThe CEO of Imperial Oil Ltd. says rising COVID-19 infection numbers have stalled a recovery in demand for vehicle fuels produced in its Canadian refineries from the depths of the pandemic lockdowns in March and April.MoneyNov 19, 2020
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Despite OPEC agreement, Canadian oilpatch cutbacks expected to continueEnergy market analysts say Canadian oil wells will likely continue to be shut down amid weak prices despite an agreement to limit output struck by OPEC and other major producers on the weekend.CanadaApr 13, 2020
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U.S. refining demand expected to spur need for Canadian heavy oil in 2018: reportA new forecast from Deloitte says demand for Canadian heavy oil will likely rise this year as shrinking volumes from Mexico and Venezuela open new opportunities to sell to U.S. refineries.EconomyJan 4, 2018
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