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.

Developing 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.

Oilsands 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.

Trican 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.

The TD Economics forecast projects a recession deeper than what Alberta experienced in 2015.

The 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.

The company says the improvement in prices for western Canadian oil due to the Alberta government's curtailment program more than offset the impact of reduced production and increased operating costs.

Alberta's oilpatch is celebrating the election of a pro-business government, despite analyst observations that premier-designate Jason Kenney may not be able to do much about getting new oil export pipelines built.

Crude-by-rail shipments from Western Canada staged a minor recovery in March after falling in February to their lowest level in nine months, but oil storage levels remain stubbornly high.

MEG Energy says it has doubled its crude-by-rail shipments and will double them again to maximize prices in view of insufficient pipeline export capacity from Western Canada.