Oil Demand

• Saudi oil executive says global oil demand could increase if tariff disputes are resolved

  Oil prices rose slightly on Monday morning markets following news that the U.S. and China have reached a temporary deal to slash massive import tariffs on each other.

  Economy

  May 12
  
• Federal government releases ‘just transition’ plan to shift to clean energy economy

  The plan says while Canadians must accept that demand for oil and gas will drop sharply, it will not disappear entirely.

  Canada

  Feb 17, 2023
  
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• Gas prices are high today, but OPEC forecasts cooling oil demand next year

  OPEC 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.

  World

  Jul 12, 2022
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• Oil industry still recovering 1 year after commodity’s historic freefall into negative pricing territory

  On 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.

  Economy

  Apr 20, 2021
• Arguments made in Minnesota appeals court over Enbridge’s Line 3 project

  The Minnesota Court of Appeals on Tuesday heard arguments over Enbridge's Line 3 replacement project in northern Minnesota, which opponents are calling unnecessary.

  Environment

  Mar 23, 2021
• Imperial Oil CEO says COVID-19’s resurgence stalling refined fuel demand recovery

  The 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.

  Money

  Nov 19, 2020
• Despite OPEC agreement, Canadian oilpatch cutbacks expected to continue

  Energy 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.

  Canada

  Apr 13, 2020
• U.S. refining demand expected to spur need for Canadian heavy oil in 2018: report

  A 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.

  Economy

  Jan 4, 2018