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  1. Jun 8, 2022 · Oil prices around the world have risen to their highest levels in years, but Canadian oilsands producers are seeing comparatively less for every barrel because of imbalances in supply and...

  2. Mar 23, 2020 · In the two weeks since an oil price war broke out between Russia and Saudi Arabia, crude prices have plunged to their lowest levels in years, hammering Canada's oilpatch all the way...

  3. Dec 26, 2020 · An international oil price war combined with a pandemic made 2020 a very difficult year for Canada's oil and gas sector. But the year ahead will offer little respite, with the pace of...

  4. Apr 4, 2023 · Canadian oil and gas companies reaped record profits in 2022 as the war in Ukraine and global fears about energy security drove commodity prices sky-high in the spring of last year.

  5. Jul 28, 2021 · Following the oil price crisis of March and April, 2020, many oil and gas companies in Canada cut back their production and investment plans. One year later the price of oil has increased to pre-crisis levels, and the recovering global economy may support a rebound in global oil demand.

  6. Mar 4, 2022 · The price of oil continues to rise amid conflict between Russia and Ukraine, energy experts in Calgary say Canada must increase it's capacity to produce and export oil.

  7. Canadians are “price takers” in the global oil market, and, since 2014, gasoline prices have not fallen as far as crude oil prices. Alberta’s reliance on oil production made it vulnerable to the price decline, with impacts felt in public finance, business and consumer behaviour.

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