Low gas prices due to coronavirus pandemic could have long-lasting impacts, expert says

The low cost of gas these days might seem like a welcome change, but the drop in oil prices due to the coronavirus pandemic could be devastating if they stay low for some time, according to an instructor at one…

Crude awakening: Oil prices plummet to negative territory

April 20 2020 8:16pm For the first time, oil prices are below zero, due to a vast supply and lack of demand during the COVID-19 pandemic. As David Akin reports, Ottawa is facing mounting pressure to offer a lifeline to…

Global deal in the works to pump less crude oil, stabilize market

Oil-producing countries including those of the OPEC cartel and Russia are trying to strike a global deal to pump less crude in a bid to limit a crash in prices that, while welcome for consumers, has been straining government budgets…

Alberta oilsands struggling as Western Canadian Select plunges to $5 per barrel

Oil and gas producers in Alberta may very well be facing their toughest challenge to date, as the price of Western Canadian Select closed at US$5.29 Wednesday. Experts have attributed the price drop to the ongoing COVID-19 pandemic, as well…

Here’s how experts say the Keystone oil spill could impact Canadian oil, gas prices

On Thursday, an estimated 9,120 barrels of oil spilled from TC Energy Corp.’s Keystone’s crude pipeline near Edinburgh, North Dakota. Early estimates suggest 1.4 million litres of oil have spilled, affecting 2,090 square meters of land. READ MORE: Keystone pipeline…

Canadian oilfield would produce more if regulated in U.S., Encana CEO says

The CEO of Encana Corp. says Western Canada’s Montney oil and gas region would be two to four times more productive if it was in the United States with its more efficient regulatory systems. Doug Suttles says the enormous hydrocarbon-bearing…

Canada’s battered oil industry cheering for Alberta’s opposition party in upcoming election

Canada’s battered oil industry is rooting for the opposition in next month’s election in energy heartland Alberta, investors said on Wednesday, but a brewing scandal involving the party’s leader could derail its hopes of an easy victory. Story continues below…

‘This is B.C. vs. Canada’: Alberta has spent $23M on Keep Canada Working campaign

The Alberta government is full steam ahead on an advertising campaign trying to convince Canadians that the Trans Mountain Pipeline is a must-build project. Work began on the Keep Canada Working campaign back in January, and as recently as November,…