Canada is studying ways to increase pipeline utilization to boost crude exports as Europe seeks to reduce its dependence on Russian oil, the country’s natural resources minister said on Thursday. Continue Reading
Canadian Prime Minister Justin Trudeau has announced a ban on Russian oil imports following the country’s invasion of Ukraine. Mr Trudeau said oil revenues have helped to prop up President Continue Reading
The bitter cold biting the Lower 48 continues to affect Canada as well, driving maximum daily withdrawals from gas in storage and opening a wider deficit to the five-year low Continue Reading
Western Canada’s natural gas inventory remains on track to end this winter at its lowest level recorded in at least seven years, prompting shortage concerns and possible price spikes. Receive Continue Reading
About two years ago, OPEC+ made a high-stakes wager that it could curb oil production and drive crude prices higher without unleashing an onslaught of supply from U.S. shale producers. Continue Reading
Operational problems at two Suncor Energy (SU.TO) Canadian oil sands sites last month resulted in lower crude production, the company said on Tuesday, marking its latest such issue. Suncor also Continue Reading
Canada will face challenges, according to the International Energy Agency. Canada will face challenges in retaining its status as a global oil and gas power in a world transitioning toward Continue Reading
Major oil companies, under pressure from investors and environmentalists, are fleeing Canada’s oil sands, the fourth-largest oil reserve in the world and by some measures one of the most environmentally Continue Reading
Canada has committed to reducing its emissions by between 40 and 45 percent from 2005 levels by 2030 Oil production is seen rising by as much as 18 percent by Continue Reading
The effects of the Canadian cold spell continue to trickle down to the US Midwest, slashing exports to the region while propelling prices higher. Receive daily email alerts, subscriber notes Continue Reading
