Alberta Gas Producers Hit by Negative Prices
Alberta's natural gas producers faced unprecedented challenges this summer as negative prices and pipeline maintenance created a perfect storm of financial pressure across the energy sector.
Category : Search result: oil prices
Doug Ford's Carbon Tax Battle Heats Up in Ontario
As carbon tax increases take effect, Ontario Premier Doug Ford declares war on federal policies while Canadians feel the pinch at the pumps and grocery stores. Explore the escalating political conflict and its real-world impacts.
OPEC+ Extends Oil Production Freeze Amid Market Concerns
OPEC+ maintains current oil output levels as global economic uncertainty and oversupply fears shake energy markets. What this means for Canadian consumers and the economy.
SM Energy and Civitas Merge in $12.8B Shale Deal
Two prominent U.S. shale producers, SM Energy and Civitas Resources, announce a landmark $12.8 billion all-stock merger, creating a dominant force in the American energy landscape and signaling a new wave of industry consolidation.
Canada's Seasonal Food Price Spikes Explained
Discover the surprising seasonal pattern behind Canada's food price increases and the government policies that drive October and February grocery spikes.
Canadian Competition Barriers Cost Consumers Billions
Exclusive investigation reveals how domestic competition hurdles and interprovincial trade barriers are driving up prices for Canadian consumers and stifling economic growth.
Alberta Pushes Pipeline West with Indigenous Engagement
Alberta intensifies efforts to expand energy market access through pipeline development, prioritizing Indigenous consultation and economic partnerships in Western Canada.
Imperial Oil sells Calgary HQ, cuts hundreds of jobs
Imperial Oil Ltd. has struck a deal to sell its massive Calgary headquarters as part of a global restructuring that will eliminate hundreds of positions in the city, marking a significant shift for one of Canada's energy giants.
Oil Steadies as U.S. Reimposes Venezuela Sanctions
Global oil prices found stability as the U.S. reinstated sanctions on Venezuela's oil industry, creating new uncertainty in energy markets while Middle East tensions continue to simmer.
Metro Vancouver's Industrial Land Crisis Deepens
Metro Vancouver faces an unprecedented industrial land shortage that's threatening the region's economy, driving up costs for consumers, and pushing businesses to the brink. Discover why this crisis affects everyone.
Imperial Oil Profits Fall on Lower Crude Prices, Charges
Imperial Oil reports significant profit decline in Q4 2023 as lower crude prices and substantial impairment charges challenge Canada's energy sector. Discover how refining margins and production performed.
Bidding Wars Return to GTA Housing Market
Competition heats up in Toronto's real estate market as bidding wars make a surprising comeback in specific neighborhoods. Discover which areas are seeing multiple offers and what this means for buyers and sellers.
Cenovus-Husky Merger Vote Delayed Another Week
The crucial shareholder vote on Cenovus Energy's massive acquisition of Husky Energy has been postponed for another week, creating uncertainty in Canada's oil and gas industry during turbulent times.
Calgary Home Prices to See Modest Growth in 2024
Calgary's real estate market is set for measured growth with home prices expected to rise only slightly through 2024. Discover what's driving this trend and what it means for buyers and sellers.
Shell Beats Estimates with $7.7B Q2 Profit
Royal Dutch Shell delivers powerhouse Q2 2023 results, crushing analyst forecasts with $7.7 billion profit as strategic shifts and LNG demand fuel financial triumph.
Cenovus-MEG Energy Deal Delayed Over Regulatory Inquiry
A crucial shareholder meeting to approve Cenovus Energy's $3.8 billion acquisition of MEG Energy has been postponed amid regulatory scrutiny from Canadian authorities, creating uncertainty in Alberta's oil sands sector.
Edmonton Housing Market Defies Expectations With Surprising Boom
Edmonton's real estate market continues to outperform predictions with rising sales and steady prices. Discover the factors behind this unexpected resilience and what it means for buyers and sellers.
Alberta Oil Crisis: Price Crash Sparks Layoffs and Cuts
Alberta's oil industry faces a perfect storm of plunging prices, massive layoffs, and spending cuts that could reshape Canada's energy landscape for years to come.
Shell Outperforms TotalEnergies in Q2 Earnings
Shell delivers stronger-than-expected quarterly profits while TotalEnergies falls short, as both energy giants navigate declining oil and gas prices in current market conditions.
Canadian Oil Sands Outshining U.S. Energy Peers
A new report reveals Canadian oil sands companies are gaining competitive advantages over U.S. shale producers, with lower decline rates and stronger financial performance attracting investor attention.
Canadian Farmers Demand Budget Relief Amid Crisis
As Canada's agricultural sector faces a perfect storm of challenges, producers are calling for urgent support in the upcoming federal budget to address mounting pressures from trade tariffs, severe drought conditions, and declining crop values.
Burnaby Refinery Shifts to US Control in $9.1B Deal
A major Canadian energy facility is changing hands as Calgary-based Parkland Corporation sells a significant portion of its business, including the Burnaby refinery, to American multinational Sinclair in a transformative $9.1 billion deal that reshapes We
Parex Resources Proposes GeoPark Acquisition
Canadian energy company Parex Resources announces strategic proposal to acquire GeoPark while revealing substantial 11.8% ownership stake, signaling major consolidation in Latin American oil and gas markets.
Alberta's Budget Balance & Pipeline Expansion Plan
Alberta Premier Danielle Smith reveals strategic blueprint to balance provincial budget while aggressively pursuing pipeline expansion to boost energy exports and economic growth.
Halloween Horror: Chocolate Prices Soar in Atlantic Canada
Atlantic Canadians face frightening chocolate costs this Halloween as cocoa prices surge 60% due to climate change and supply chain issues. Discover why your treats are getting more expensive.
Halloween Candy Prices Soar: Here's Why
Discover the surprising factors driving up Halloween candy prices in Canada, from climate change to supply chain issues, and learn how to save on your spooky treats.
Kraft Heinz Cuts Sales Forecast Amid Consumer Pressure
Food giant Kraft Heinz faces significant challenges as inflation-weary consumers pull back, forcing the company to lower its annual forecasts and rethink pricing strategies.
Russia's Oil Exports Hold Steady Despite Sanctions
Despite sweeping new Western sanctions, Russia's crude oil exports show remarkable stability. Fresh analysis of global tanker movements reveals Moscow continues to find buyers, with export volumes holding steady in early 2024.
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