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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.
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...