Oil Prices

• Oilsands output projected to hit new record this year: S&P Global

  Production is expected to hit 3.5 million barrels per day this year.

  Economy

  2 hours
  
• Middle East tensions boost oil prices, threaten to disrupt supply

  The risk of a wider Middle East conflict has put investors on edge and boosted oil prices due to fears of a disruption in global oil supplies.

  Economy

  Jun 17
  
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• Oil prices leap amid worries about crude market due to Middle East conflict

  Fears of a wider Middle East conflict sent oil prices higher and global stock markets lower on Friday morning, following Israel's overnight attacks on Iran.

  Economy

  Jun 13
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• 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
• 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
• 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
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• 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
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• 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