Price of oil
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Alberta announces spring legislature sitting dates, budget to be delivered Feb. 24There will be a speech from the throne to open a new session on Feb. 22. and Alberta Finance Minister Travis Toews will deliver the 2022 budget two days later.PoliticsJan 14
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US$100 oil possible this winter, experts sayThe 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.CanadaOct 4, 2021
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Crescent Point Energy reports $21.7M Q1 profit compared with a loss a year agoCrescent Point Energy Corp. reported a first-quarter profit of $21.7 million compared with a $2.3-billion loss a year ago when oil prices were falling at the start of the pandemic.MoneyMay 12, 2021
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Sale of Husky fuel stations stopped, says Cenovus CEOThe CEO of Cenovus Energy Inc. says a pending sale of Husky Energy Inc.'s chain of retail fuel stations was halted.EconomyApr 6, 2021
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Suncor calls end of Alberta oil quotas a ‘positive signal’ as it reports $302M lossThe 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.CanadaOct 29, 2020
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OPEC cuts oil demand forecasts, BP sees ‘peak oil’ in 2020sDeveloping countries' difficulty in containing the spread of the coronavirus pandemic will keep a lid on global oil demand, particularly in India, the OPEC cartel said Monday.CanadaSep 14, 2020
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Oilsands companies restore production as demand growth spurs higher pricesOilsands companies are restoring thousands of barrels of daily production to take advantage of higher oil prices as relaxed pandemic measures allow North American consumers to get back on the road.CanadaJul 7, 2020
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Calgary-based Trican Well Service cuts jobs, salaries as low oil prices stall drilling plansTrican Well Service says it has cut its employee costs by half through salary reductions, layoffs and job sharing in reaction to a severe slowdown in drilling activity due to low oil prices.CanadaApr 6, 2020
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Alberta unemployment rate to reach 9.5% amid COVID-19 pandemic: economic outlookThe TD Economics forecast projects a recession deeper than what Alberta experienced in 2015.CanadaMar 27, 2020
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Cover-ups, lies ‘a systemic cancer’ in world of oilpatch health and safety breaches: whistleblowersThe words may not have been explicit, but oilpatch contractor Matthew Linnitt says he read between the lines: lie on official documents about an incident that could have killed him, or someone would be fired.InvestigationsAug 20, 2019
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