Calgary-based Tourmaline Oil’s shares tumble on disappointing Q2 and production guidance changes

Shares in Tourmaline Oil Corp. tumbled by as much as 16 per cent on Thursday morning after it missed second-quarter expectations and warned it expects to produce fewer barrels of petroleum liquids and more dry gas this year. The Calgary-based…

Crude oil production to reach 5.86 million barrels per day by 2035: CAPP

The Canadian Association of Petroleum Producers (CAPP) is projecting Canadian crude oil production will increase by 1.27 million barrels per day to 5.86 million by 2035. The association’s latest forecast predicts total production in Western Canada will reach 5.76 million…