Oil Prices

• Biden to release 50 million barrels of oil in effort to ease gas prices

  Biden's move is aimed at global energy markets, but also at voters who are coping with higher inflation and rising prices ahead of Thanksgiving and winter holiday travel.

  Economy

  Nov 23
• Oilpatch drilling activity to rise in 2022: new PSAC forecast

  Drilling activity in the Canadian oilpatch will return to pre-pandemic levels in 2022, according to a new industry forecast.

  Economy

  Nov 10
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• Global energy crisis the result of ‘underinvestment’: Enbridge CEO

  "This energy crisis we're in right now is entirely about underinvestment in all forms of energy, which is creating havoc with consumers, industrial competitiveness and inflation."

  Money

  Nov 5
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• Baytex earns $32.7M, expects to generate record cash flow in 2021 as oil prices surge

  Baytex Energy reported a third-quarter profit of $32.7 million and said it expects to generate record cash flow for the year thanks to surging commodity prices.

  Money

  Nov 4
• OPEC+ ignores Biden’s plea for faster oil output as energy prices soar

  After the OPEC+ decision, the White House said Washington would consider a full range of tools at its disposal to guarantee access to affordable energy.

  Economy

  Nov 4
• Imperial Oil praises the ‘difference a year makes’; reports $908M Q3 profit

  Imperial Oil's chief executive lauded "what a difference a year makes'' as the company reported its highest third-quarter production in more than 30 years.

  Money

  Oct 29
• Suncor Energy earns $877M on increased production; doubles dividend

  Suncor Energy Inc. is doubling its dividend and restoring it to pre-pandemic levels as it continues to pay down debt and ramp up production in the wake of higher oil prices. 

  Money

  Oct 28
• Alberta energy minister says oil price spike won’t increase industry cleanup spending

  Sonya Savage says the province's recently adopted plan to fix the problem, which requires industry to spend $422 million next year and slightly more after that, is a fair approach.

  Economy

  Oct 8
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• US$100 oil possible this winter, experts say

  The return of travel and the easing of pandemic restrictions around the globe has sent demand for oil skyrocketing. Oil prices are already at seven-year highs.

  Canada

  Oct 4
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• Will Canadians see cheaper gas prices this fall? Here’s what analysts say

  On Wednesday, the most expensive gas was in British Columbia, which averaged around $1.54 per litre, while the cheapest was in Saskatchewan with prices floating around $1.31.

  Consumer

  Sep 1