oil production

• OPEC oil alliance at impasse over production levels

  Talks 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.

  World

  Jul 5
• Saskatchewan faces uncertainty as battle over the future of Line 5 heats up

  Saskatchewan transports 70 per cent of its oil from the mainline, which connects to Enbridge's Line 5 pipeline.

  Canada

  May 12
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• Suncor increases spending, oil production guidance for 2021

  Suncor 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.

  Economy

  Dec 1, 2020
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• Imperial Oil CEO says COVID-19’s resurgence stalling refined fuel demand recovery

  The CEO of Imperial Oil Ltd. says rising COVID-19 infection numbers have stalled a recovery in demand for vehicle fuels produced in its Canadian refineries from the depths of the pandemic lockdowns in March and April.

  Money

  Nov 19, 2020
• Suncor calls end of Alberta oil quotas a ‘positive signal’ as it reports $302M loss

  The CEO of Suncor Energy Inc. says the Alberta government's decision to end its oil production curtailment program in December after almost two years is "a very positive signal" for the oilsands and refining giant.

  Canada

  Oct 29, 2020
• Western Canadian oil output still down after restoring some COVID-19 cutbacks: CER

  The Canada Energy Regulator says most, but not all, western Canadian oil production has been restored after being cut because of low prices amid the COVID-19 pandemic.

  Economy

  Oct 21, 2020
• Shell to cut up to 40% from oil and gas production to prepare for energy transition

  Shell now wants to focus its oil and gas production on a few key hubs, including the Gulf of Mexico, Nigeria and the North Sea, the sources said.

  Canada

  Sep 21, 2020
• Crescent Point raises production guidance as shut-in production restarts

  Crescent Point Energy Corp. raised its production guidance for the year as it said it restarted production that was shut in when energy prices crashed due to the pandemic.

  Canada

  Sep 1, 2020
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• Suncor CEO signals caution about restarting oil output as economy recovers

  Suncor CEO Mark Little says he won't "bet the financial health'' of the company on the nascent recovery, listing a host of risks including the possibility of a second wave of virus outbreaks.

  Canada

  Jul 23, 2020
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• Higher prices motivate Canadian producers to boost oil production

  Western Canadian producers are moving to restore some oil production as crude prices rise with demand thanks to the gradual opening of the world economy and OPEC and Russian output cuts.

  Money

  May 26, 2020