As Canada continues to struggle with a dire deficit in pipeline capacity, the government is looking for new solutions. With oil prices deep in decline, the Alberta provincial government has Continue Reading
Canadian crude oil is already expensive enough for the production cuts to stop making sense: some producers have already started rolling them back far ahead of schedule. This is what Continue Reading
Canadian crude weakened after two critical oil pipelines remained partially shut amid an investigation into a possible leak in Missouri. (Bloomberg) — Canadian crude weakened after two critical oil pipelines Continue Reading
A Supreme Court of Canada ruling that bankrupt oil and gas companies must clean up their abandoned wells before paying creditors might sound like good news, but it doesn’t solve Continue Reading
Suncor Energy Inc, one of Canada’s biggest oil producers, expects the province of Alberta to end mandatory production curtailments ahead of schedule as they have caused a price boost that Continue Reading
Canada’s struggling oil industry is looking to what is known as partial upgrading technology to thin its sludge-like crude and squeeze more of it through congested pipelines. It is the Continue Reading
Alberta is gradually chipping away at its own oil curtailment program to placate energy companies that have grown unhappy with the mandated cuts. The oil-rich Canadian province amended the curtailment Continue Reading
Exxon Mobil Corp.’s Canadian unit Imperial Oil Ltd. is scaling back the amount of U.S.-bound oil it ships by rail from the province of Alberta to nearly zero this month. Continue Reading
Canadian oil producers are keeping a close eye on the latest events in Venezuela and the opportunity to boost their exports south of the border if things in the troubled Continue Reading
When Alberta Premier Rachel Notley announced obligatory production cuts of 325,000 bpd in December in a bid to tackle a deep discount between Western Canadian Select and West Texas Intermediate, Continue Reading
