Discounts on Canadian crude oil widened to multi-year highs on Wednesday as oil and gas executives took turns at a conference pointing out Canada’s competitiveness gap in attracting energy investors. Continue reading
Rising oil prices that encouraged more spending by small and intermediate oil and gas companies in Western Canada in the first six months of 2018 are expected to lead drilling budgets to grow even further this fall. Continue reading
Canada’s oilsands industry, hard hit by a price storm this year, could be sailing straight into a pricing typhoon stirred up by new fuel standards for the international shipping industry. Continue reading
Canadian oil producers are pocketing higher profits as a rise in world oil prices meshes with an improving supply-demand balance that has reduced the price discounts they faced earlier this year. Continue reading
Canadian Natural Resources Ltd. says it choked back heavy oil production in the first quarter to avoid selling at low prices it blames on poor pipeline capacity out of Western Canada. Continue reading
The CEO of oilsands giant Suncor Energy Inc. says he’s confident new oil pipelines will be built after hosting Prime Minister Justin Trudeau at its newly opened Fort Hills oilsands mine. Continue reading
David Yager, an energy analyst with Yager Management Ltd, suggests anti-pipeline protesters are costing Albertans billions of dollars in lost revenue. Continue reading
RBC Dominion Securities says production from the oilsands of northern Alberta is set to climb by nearly 620,000 barrels per day over the next four years to 3.3 million barrels per day in 2021 before levelling off. Continue reading
Energy analysts say a recent surge in oil prices will boost the bottom line of Canadian oil and gas producers, but remains well below the minimum level needed to encourage increased investments in the oilsands or conventional oil and gas. Continue reading
The U.S. Energy Information Administration has revised down its estimate of how much oilsands reserves were taken off the books last year because of a data error. Continue reading
