Hundreds of executives and government officials from oil-producing nations around the world are gathering in Calgary this week, against the backdrop of growing global pressure to reduce greenhouse gas emissions.
Analysts say a dramatic narrowing in the price discount for western Canadian heavy crude in the second quarter of 2023 should mean healthy profits for oilsands producers poised to start reporting their earnings later this week.
Crude oil prices plunged below US$70 and Canadian energy stocks took a beating on Wednesday, March 15, 2023, as market chaos continued amid concerns about a spreading bank crisis.
Crude oil prices slumped to a 10-month low on Monday, November 21, 2022, morning before rebounding at midday, adding to the volatility that has dogged the Canadian energy sector recently.
The amount of unpaid taxes energy companies owe to small-town Alberta is growing despite high oil prices, the province's rural municipalities said on Tuesday, March 8, 2022.
Alberta's finance minister says the recent bullish run on energy prices is part of a stronger economic story on the province's bottom line that will be revealed in the upcoming second-quarter budget update.
Alberta’s COVID-19-era budget made a hard landing on Thursday, February 25, 2021, with an $18.2-billion deficit but also a promise that good times will return.
