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Oil is at its highest price in a year and a half.
OPEC is on the verge of a deal to cut oil production.
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CALGARY — Donald Trump's hostility toward trade with OPEC oil producers and interest in the U.S. energy security could boost demand for Canadian oil as he assumes the president's office, says the head...
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One country even changed its time zone to save energy.
Amid oil price crunch, Saudi minister preaches survival of the fittest.
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Iran admits there's too much oil, but it has a quota to meet.
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TEHRAN, Iran -- Iran says it has exported its first crude oil shipment to Europe since it reached a landmark nuclear deal with world powers, the official IRNA news agency reported Sunday. IRNA quoted...
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VIENNA — OPEC oil ministers have effectively scrapped their official output ceiling and agreed to keep producing above that level. A statement at the end of their meeting Friday did not mention any de...
OPEC took a swing at U.S. shale and knocked down Canada. Threatened by surging production from North America, the Organization of Petroleum Exporting Countries has been pumping above its quota for 17...
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CALGARY — Oil companies are in for at least another year of pain, according to Scotiabank's latest commodity price index. The report by Patricia Mohr, a vice-president and commodity market specialist...
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NEW YORK - A barrel of U.S. crude oil fell below $40 per barrel for the first time since the end of the global economic crisis. Friday's fall, to $39.86, was just the latest indicator of a vast shift...
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Just about every aspect of our lives involves a certain amount of risk, of course. It's all about risk management. And indeed, despite the occasional high-profile accident like last week's spill in California, pipelines in general remain very safe. One realistic alternative to transporting Canadian oil by pipeline is transporting that same oil by train or by truck. Yet both of these methods of transport are less safe than pipelines. Logically, then, we should transport as much oil as we can by pipe, and as little as possible by rail or road.
Periods of instability that punctuate oil price history, highlight the importance of energy sector reform, which can be made all the more effective if paired with climate change considerations. To avoid climate change pitfalls created by falling oil prices it is necessary to approach environmental reform in new and innovative ways.
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Announced layoffs in the U.S. energy industry have hit a record high of more than 20,000, according to a new analysis from the Bank of Montreal. But BMO senior economist Sal Guatieri says the total jo...
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With oil prices down 60 per cent since last summer, some industry insiders are trying to talk up the market by predicting wild price spikes to come, brought on by insufficient investment in oil produc...
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CALGARY - From Alberta oilfields to Bay Street boardrooms to the gas station on the corner, the precipitous drop in crude prices is expected to have far-reaching impacts across the country heading int...
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OPEC's decision to maintain production gives Mr. Prentice an opportunity to remake government. Instead of protecting Big Oil from OPEC, Mr. Prentice should protect Albertans from Big Oil by revamping Alberta's revenue structure and diversifying our economy so that Albertans will never experience another crash like the crash of 2015.
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Gas prices in Canada are already at multi-year lows, but they're not done falling. Pump prices are “set to nosedive” in the coming days, thanks to OPEC’s decision not to support oil prices, a prominen...
Over the next 26 years, what Time magazine called "the annual exercise in futility that is the U.N. climate summit" has been staged around the world and has consistently produced daily dramatic walkouts, finger-pointing, stall tactics and peacock-like posturing.
The U.S. military has targets picked out in Syria and President Obama is trying to convince Congress that America needs to intervene. If the U.S. does go ahead with tactical strikes against the Assad regime, oil markets will be caught in the middle. Any significant reduction in exports will be felt in the rest of the world.
LONDON - The price of oil edged down toward US$92 a barrel on Wednesday amid gloomy forecasts for world economic growth.By early afternoon in Europe, benchmark West Texas Intermediate crude was down 2...
Everyone sees Obama's decision to stop the Keystone XL pipeline exactly for what it is: an attempt to save his own career. Having failed to impress swing voters with his economic performance, the president has been forced to capitulate to the extreme environmentalist lobby to fund and redeem his re-election bid.
The fact that investors from unethical countries have stampeded to Canada's oil patch anyway is proof that the ethical way we do business is the right way. They recognize that Canada's oil can be produced profitably when businesses -- and governments -- adhere to the strictest ethical codes.
If there's any oil that Europeans should be worried about, it's all the bloody conflict oil entering its borders and that it will continue to depend on as long as they insist on closing their doors to ethical, Canadian oil.
The U.S. and EU pass travel bans to great fanfare, yet ignore them completely when sanctioned officials travel to meetings of international organizations. As Congressman Ted Deutch (D-FL) wrote, these measures are meaningless if loopholes allow sanctioned Iranian officials to travel freely.
Oil prices fell below US$86 a barrel Monday as OPEC cut its forecast for global oil demand and investor concerns over Europe's debt crisis prompted another bout of turmoil in financial markets.By earl...
The IEA warned that unless OPEC could increase production by at least 1.5 million barrels a day, world oil demand is going to surpass available supply during the second half of the year. If there is not enough supply to match the global economy's consumption, world oil prices have only one direction to go.