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We cover breaking news and updates on Canada's oil and gas businesses, with stories on prices, stocks, product and trade developments.
Jun 4, 2024 · Oil prices continued their slide on Tuesday on skepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness.
Oct 6, 2021 · As oil prices reach a seven-year high, analysts say Canadians should brace for skyrocketing prices at the pumps this week as the global economy begins to rebound from a pandemic lull.
Feb 4, 2022 · The March crude oil contract for West Texas Intermediate closed at $90.27 US per barrel, up $2.01 per barrel, bolstered by geopolitical tensions and supply concerns. Economist Rory Johnston...
Oct 14, 2022 · A barrel of the North American oil benchmark is changing hands for about $90 US a barrel right now, but the heavy crude that comes from Canada's oilsands is fetching $30 less because of a...
Jun 8, 2022 · Analysis. Why high oil prices aren't creating an economic boom in Canada. Typically that discount is about $10-$15 US a barrel, but recent events have pushed the gap to beyond $20. That's the...
Mar 15, 2023 · Oil and gas stocks were by far the hardest hit sector on the Toronto Stock Exchange Wednesday, with the S&P/TSX capped energy index losing 5.44 per cent in the day's trading.