Producers advised to spend nothing on drilling as oil price hovers at US$25 amid COVID-19 pandemic

World oil prices have fallen so low that producers in Canada are being advised not to spend any money on drilling and, in some

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What the oil plunge means for Canada and Alberta

First, it was COVID-19. Then came the oil market crash, as global oil prices fell around 30 per cent on Monday amid a production

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Oil prices take biggest plunge in decades amid coronavirus uncertainty, price-war fears

Oil prices dramatically dropped as markets opened in Asia on Monday, down more than 25 per cent after a 10 per cent drop on Friday.

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Provincial investment in oil and gas may be needed in changing investment climate, Kenney says

The Alberta government may set up a publicly traded corporation or agency to invest in oil and gas projects, similar to the Alberta Energy

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First Nation chief and Alberta’s Kenney government in war of words as Teck oil mine decision nears

Alberta’s Indigenous relations minister says a last-minute war of words with a First Nations leader over a multibillion-dollar oilsands mine is a case of

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Federal government readies aid for Alberta as deadline for massive oil sands project nears: sources

The federal government is preparing an aid package for Alberta, heart of the country’s struggling oil industry, that would help dull the pain if

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Imperial Oil reports $271M profit in 4th quarter, down from $853M a year ago

Imperial Oil Ltd. reported a fourth-quarter profit of $271 million, down from $853 million in the same quarter last year. The company says the

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Cash-strapped rural Alberta ‘can’t wring money’ from struggling oil and gas firms, premier says

Premier Jason Kenney urged rural municipalities to work with the province to help struggling oil and gas companies Tuesday, adding they can’t get “money from a

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Alberta eases oil production cap by 75K barrels per day

The Alberta government announced Wednesday it was increasing the oil production curtailment limit for February and March to 3.63 million barrels a day. The

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Oil prices are at a three-month high, buoyed by expected U.S.-China trade deal – National

Oil prices rose on Monday to three-month highs, lifted by optimism over an expected China-U.S. trade deal and upbeat industrial data, while traders kept

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