“It’s a step in the right direction,” said Joan Pinto, an analyst with CIBC Capital Markets. “We’re dealing not with the symptom, but the problem.” Ms. Pinto said WCS’s rise Continue Reading
Alberta’s Premier Rachel Notley announced that the government of the province will enact an 8.7-percent crude oil production cut to clear excess stockpiles as pipeline bottlenecks have plunged the selling Continue Reading
Several oil companies in Canada pushed back on Monday against Alberta’s mandated cuts in crude production, warning about excessive government intervention even as the discount on Canadian crudes narrowed sharply Continue Reading
Alberta Premier Rachel Notley said on Sunday that the Western Canadian province would mandate temporary oil production cuts to deal with a pipeline bottleneck that has led to a glut Continue Reading
Canada’s Top Oil Province on Friday lowered its 2019 economic growth forecast as oil prices continue to flounder according to a government statement cited by Reuters . Crude oil production Continue Reading
Highlights Nine out of global top 10 in US Colorado stumbles over regulatory concerns Denver — The US holds nine out of the top 10 global locations for investment in Continue Reading
Montana District Judge Brian Morris, who earlier this month ordered the suspension of work on the controversial Keystone XL crude oil pipeline, has now allowed TransCanada to conduct preliminary activities Continue Reading
The Government of Alberta has been forced into buying more oil trains to move crude from the province, the Calgary Sun reports, quoting Premier Rachel Notley as describing the situation Continue Reading
Alberta is working to buy rail cars to help ship more crude as pipeline bottlenecks have the oil-rich province grappling with historic low prices. (Bloomberg) — Alberta is working to Continue Reading
Faced with a crisis moving oil out of the country, the provincial government in Alberta is stepping in to purchase trains in order to ease the midstream bottleneck. Western Canada Continue Reading
