Oil Production
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Cenovus Energy to boost oil production in 2023Cenovus Energy Inc. said total offshore oil production is expected to be in a range of 65,000 to 78,000 barrels of oil equivalent per day.EconomyDec 6, 2022
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Biden to release 15M barrels from U.S. strategic oil reserve after OPEC+ cutsBiden will deliver remarks Wednesday to announce the drawdown from the strategic reserve, senior administration officials said Tuesday.WorldOct 18, 2022
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Biden warns Saudi Arabia of ‘consequences’ after OPEC+ cuts oil productionBiden suggested he would soon take action, as aides announced that the administration is reevaluating its relationship with the kingdom in light of the oil production cut.WorldOct 12, 2022
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Biden re-thinking U.S.-Saudi relationship after OPEC+ cuts oil production: White HouseU.S. President Joe Biden was disappointed in the OPEC+ decision to cut global oil production and is rethinking the country's relationship with Saudi Arabia as a result.EconomyOct 11, 2022
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Limits on oil production no longer needed, Alberta government saysAlberta will let its oil production curtailment policy expire on Dec. 31.CanadaDec 9, 2021
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Despite record-setting output, Alberta oilpatch keeps lid on spendingStatistics Canada says oil and gas capital spending over the first three quarters of 2021 was 32 per cent below pre-pandemic levels.EconomyDec 2, 2021
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MEG Energy again increases annual production guidance after 3rd quarter resultsMEG Energy Corp. boosted its output forecast for the year after swinging to a $54-million profit in its latest quarter on a doubling of revenues.MoneyNov 8, 2021
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OPEC oil alliance at impasse over production levelsTalks among members of the OPEC cartel and allied oil-producing countries broke off Monday in the midst of a standoff with the United Arab Emirates over production levels.WorldJul 5, 2021
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Saskatchewan faces uncertainty as battle over the future of Line 5 heats upSaskatchewan transports 70 per cent of its oil from the mainline, which connects to Enbridge's Line 5 pipeline.CanadaMay 12, 2021
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Suncor increases spending, oil production guidance for 2021Suncor Energy Inc. is forecasting higher spending and production in 2021 based on benchmark U.S. oil prices staying near their current levels of around US$45 per barrel.EconomyDec 1, 2020
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