Reuters  Canadian heavy crude’s discount narrowed versus the U.S. benchmark West Texas Intermediate (WTI) oil on Monday, as a global deal on output cuts failed to substantially lift oil prices in the ...

By Javier Blas, Grant Smith and Salma El Wardany Apr 12, 2020 (Bloomberg)  Negotiators raced to clinch a historic deal to cut oil supply and stem a devastating price rout, as the clock ticked down to ...

OTTAWA — Prime Minister Justin Trudeau says Canada is working with the G20 to come up with a joint response to falling oil prices amid the COVID-19 crisis. But Trudeau did not say specifically what Ca ...

Canada’s drilling rig count is down 6 actively drilling rigs according to data collected by Baker Hughes for the week ending April 9, 2020. From one week ago, Alberta rig counts decreased 7 to 22 and ...

MONTREAL — Former SNC-Lavalin Group Inc. CEO Neil Bruce earned a full $7 million in 2019, though his tenure came to an end less than halfway through the year. Bruce, who ceded the top spot to Ian Edwa ...

 The Canadian Press CALGARY – Athabasca Oil Corp. is suspending operations at its Hangingstone SAGD oilsands operation due to the drop in oil prices and the COVID-19 pandemic. The company says it’s al ...

OTTAWA — Canada’s oil producers could only sit and watch as the price of their product plummeted last month to less than what it costs to buy a litre of soda, hit by the double whammy of a COVID-19-in ...

Canada’s drilling rig count is down 13 actively drilling rigs according to data collected by Baker Hughes for the week ending April 3, 2020. From one week ago, Alberta rig counts decreased 15 to 29 an ...

 Reuters A government aid package for struggling Canadian energy firms has run into weeks of delays, in part because officials are still trying to obtain up-to-date data, according to three sources fa ...

EDMONTON — Alberta politicians are heading back into the legislature to pass emergency bills and set new rules on their own social distancing during the COVID-19 outbreak. Government House Leader Jaso ...