Oil Prices

• Canadian oilpatch can withstand crude market doldrums, experts say

  U.S. oil producers will likely be the first to cut output should crude prices continue to languish, but their Canadian peers should be able to keep chugging along, experts say.

  Economy

  Dec 17
  
• Drilling group predicts slight uptick in Canadian activity next year

  The Canadian Association of Energy Contractors is predicting a slight increase in drilling activity next year in Canada.

  Economy

  Dec 1
  
• Advertisement
• Alberta’s economy remains in the red with tweaked $6.4B deficit

  This year's budget is a massive multibillion-dollar swing from an $8.3-billion surplus last year, and the biggest factor is a 30 per cent decline in natural resource revenue.

  Economy

  Nov 27
• Advertisement
• EIA raises oil output forecast, says oversupply will weigh on prices in 2026

  An oversupply of oil on global markets will continue to weigh on prices in 2026, according to the latest update from the U.S. Energy Information Administration.

  Economy

  Nov 12
• Oil prices spike after US, EU hit Russian oil companies with new sanctions

  Oil prices spiked on Thursday after the U.S. announced massive new sanctions on Russia's oil industry in an attempt to pressure Russia to negotiate an end to the war in Ukraine.

  Economy

  Oct 23
• Oil prices tumble to a 5 month low on new Trump tariff threats

  The price of oil tumbled to a 5 month low on Friday as global markets plunged following U.S. President Donald Trump's threats to greatly increase tariffs on Chinese imports.

  Economy

  Oct 10
• OPEC+ set to increase oil production again as Saudi and Russia debate size, say sources

  After dipping more than 7 per cent this week, oil prices are expected to take another hit this weekend as members of the global oil cartel OPEC+ meet to discuss production cuts.

  Economy

  Oct 3
• Imperial Oil job cuts come amid wider tech-enabled efficiency push in energy industry

  Imperial Oil's announcement that it's cutting hundreds of jobs is the latest in a long list of industry layoffs, driven by low oil prices, new technology and unfavourable policies.

  Economy

  Sep 30
• Advertisement
• Imperial Oil to cut workforce 20% by end of 2027

  Calgary-based Imperial Oil had about 5,100 employees as of the end of 2024, according to a regulatory filing.

  Money

  Sep 29
• Advertisement
• Alberta budget deficit forecast to grow more than originally forecast this year to $6.5B

  Bad news for Alberta taxpayers with the province's finance minister saying lower than forecast oil prices means the projected deficit this year is expected to grow to $6.5 billion.

  Economy

  Aug 28