Oil Prices

• Plunging world oil prices are a mixed blessing for Albertans

  While low world oil prices may be good for drivers as the busy summer driving season approaches, experts warn that government budgets could take a big hit.

  Consumer

  May 9
  
• Alberta’s energy industry, government watch nervously as oil prices hit 4-year low

  With oil prices plunging to their lowest level in four years, both the energy industry and governments that depend on energy royalties are watching nervously.

  Economy

  May 5
  
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• Oil prices dip, global shares mixed amid thin holiday trading

  During the weekend, the OPEC+ group of eight nations announced it will raise its output of oil by 411,000 barrels per day as of June 1, stepping up production increases.

  Consumer

  May 5
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• Canada’s energy industry faces ‘maelstrom’ of uncertain global economy

  After a week of economic turmoil, Canada's energy industry – and the governments that rely on it for revenue – will be watching the markets closely in the coming days.

  Consumer

  Apr 6
• Sharp drop in global crude oil prices drags down Canadian energy stocks

  West Texas Intermediate crude, the key U.S. benchmark, dropped as low as US$60.45 per barrel today.

  Economy

  Apr 4
• Fresh fears over Middle East tensions cast cloud as energy leaders meet in Alberta

  The day's geopolitical developments were not far from delegates' minds. 

  Economy

  Oct 2, 2024
• Global oil prices set for 4th weekly decline amid demand concerns

  Oil prices remained on course for a fourth successive weekly decline as signs of weak growth in global fuel demand outweighed fears of supply disruption in the Middle East.

  World

  Aug 2, 2024
• Canadian Natural Resources curtailing production from new natural gas wells as low prices persist

  Canada's largest oil and gas producer is postponing the start of production from some of its planned new natural gas wells due to persistent low prices.

  Money

  Aug 1, 2024
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• Higher oil prices don’t shake industry talk on spending discipline at CAPP conference

  The price of oil has been on a steady climb all year, but the talk at Canada's biggest oil and gas conference is still focused on spending discipline.

  Canada

  Apr 10, 2024
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• Weaker oil prices should bring some relief to consumers in 2024, analysts say

  Analysts say 2024 will be a year of weaker oil prices, something that should bring some relief to weary consumers after two years of soaring energy costs.

  Canada

  Jan 8, 2024