[ad_1]  Reuters  Canadian heavy crude’s discount narrowed versus the U.S. benchmark West Texas Intermediate (WTI) oil on Monday, as a global deal on output cuts failed to substantially lift oil prices ...

[ad_1] By Javier Blas, Grant Smith and Salma El Wardany Apr 12, 2020 (Bloomberg)  Negotiators raced to clinch a historic deal to cut oil supply and stem a devastating price rout, as the clock ticked d ...

[ad_1] OTTAWA — Prime Minister Justin Trudeau says Canada is working with the G20 to come up with a joint response to falling oil prices amid the COVID-19 crisis. But Trudeau did not say specifically ...

[ad_1] MONTREAL — Former SNC-Lavalin Group Inc. CEO Neil Bruce earned a full $7 million in 2019, though his tenure came to an end less than halfway through the year. Bruce, who ceded the top spot to I ...

[ad_1]  The Canadian Press CALGARY – Athabasca Oil Corp. is suspending operations at its Hangingstone SAGD oilsands operation due to the drop in oil prices and the COVID-19 pandemic. The company says ...

[ad_1] OTTAWA — Canada’s oil producers could only sit and watch as the price of their product plummeted last month to less than what it costs to buy a litre of soda, hit by the double whammy of a COVI ...

[ad_1]  Reuters A government aid package for struggling Canadian energy firms has run into weeks of delays, in part because officials are still trying to obtain up-to-date data, according to three sou ...

[ad_1] EDMONTON — Alberta politicians are heading back into the legislature to pass emergency bills and set new rules on their own social distancing during the COVID-19 outbreak. Government House Lead ...

[ad_1]  Reuters Alberta sees “no point” in further increases to its restrictions on oil production amid a global glut, because low prices are prompting voluntary reductions, Premier Jason Kenney said ...

[ad_1] CALGARY — Record low prices for oilsands crude could result in up to 20 per cent of Canada's thermal bitumen production being shut down over the next few months, according to analyst Matt Murph ...