Oil Price

• Forecasts predict lacklustre oil, higher Alberta gas prices in 2026

  A lifting of U.S. sanctions on Venezuelan crude and a ramp up of production could pose a competitive threat to Canadian supplies in the Gulf Coast market.

  Economy

  Jan 6
  
• Gas prices expected to spike over long weekend, experts say

  Economics experts say the future of gas prices is hard to predict amid violent storms south of the border and rising tensions in the Middle East.

  Canada

  Oct 9, 2024
  
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• Oil market could shift into surplus at the start of 2024, IEA says

  The International Energy Agency joins the Organization of the Petroleum Exporting Countries in raising its oil demand growth forecast for 2023.

  World

  Nov 14, 2023
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• Oil price falls, weighing down TSX in late-morning trading

  The S&P/TSX composite index was down 56.87 points this morning at 18,964.05.

  Money

  Oct 4, 2023
• Businesses, consumers feeling the pinch with Metro Vancouver gas over $2/L

  The price of gas in Metro Vancouver appears set to stick above $2 per litre for the foreseeable future, and businesses and consumers are already feeling the pinch.

  Money

  Aug 28, 2023
• Metro Vancouver gas prices headed for a fall spike, analyst says

  A sustained rally in the price of oil is likely to push gas prices in the region as high as $2.15 or $2.20 by mid-September, according to one industry analyst.

  Consumer

  Aug 9, 2023
• Metro Vancouver gas prices top $2 per litre, and could go higher still

  Gas prices as high as $2.05 per litre were observed in many parts of the region on Monday, which petroleum industry analyst Dan McTeague said was due to rising crude oil prices.

  Consumer

  Jul 31, 2023
• Fuel tax relief program extended until end of year, Alberta premier says

  Premier Danielle Smith says the program, which saves Albertans 13 cents per litre at the pumps, was set to expire at the end of this month.

  Consumer

  Jun 19, 2023
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• Saudi Arabia, other OPEC+ nations will further slash oil production

  Saudi Arabia and other OPEC+ oil producers on Sunday announced further cuts in their production amounting to around 1.16 million barrels per day in a surprise move.

  Economy

  Apr 2, 2023
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• Oil and gas industry earned US$4T last year, says IEA chief

  The global oil and gas industry's profits in 2022 jumped to some US$4 trillion from an average of $1.5 trillion in recent years, the head of the International Energy Agency says.

  World

  Feb 14, 2023