Oil Prices
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Israel-Hamas conflict risks pushing oil prices into ‘unchartered waters’: World BankThe World Bank report published Monday simulates three scenarios for the global oil supply in the event of a small, medium or large disruption.WorldOct 30
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Growing number of forecasts predict oil will reach US$100 this fallAccording to Statistics Canada, Canada's annual inflation rate has risen for two consecutive months, with higher gasoline and energy prices the major driving factor.CanadaSep 20
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Alberta on track for $2.4B surplus despite wildfires, lower oil pricesOil royalties shrunk due to lower-than-forecast prices, with the impact softened by a smaller discount oilsands producers receive for their product compared to conventional oil.PoliticsAug 31
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Crescent Point Energy inks deal to sell assets in North Dakota for $675M cashCrescent Point Energy Corp. has signed a deal to sell its North Dakota assets to a private operator for about $675 million in cash.MoneyAug 24
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Why China’s economy is faltering — and how that might impact CanadaHopes for a booming economic rebound from the COVID-19 pandemic have not materialized for China, leading some forecasters to slash growth expectations for the manufacturing hub.CanadaAug 22
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Crescent Point Energy reports $212M profit in 2nd quarterCrescent Point Energy Corp. reported its second-quarter profit fell by 36 per cent year-over-year as global oil prices declined from 2022's dramatic peaks.MoneyJul 26
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Deloitte forecasts rising crude oil prices over next three monthsProduction cuts, including Saudi Arabia's announcement of an additional cut of one million barrels a day, should help to prop up prices despite weaker demand, the report says.ConsumerJul 6
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As oil prices dip, critics warn Alberta could lose its budget surplusIn its latest budget, the government projected the price of West Texas Intermediate (WTI) to average US $79 per barrel.EconomyJun 28
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Drivers getting cheaper gas for Canada Day. How prices have changed over the yearLower fuel prices was the No. 1 factor behind consumer price inflation cooling to 3.4 per cent in May, the slowest pace of inflation Canada has seen in nearly two years.ConsumerJun 28
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‘Alberta should be a little worried’: Saudi Arabia responds to uncertain outlook for oil demandAlberta experts react to Saudi Arabia's announcement to cut oil output to limit supply as OPEC+ tries to boost drooping oil prices.EconomyJun 4
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