oil prices

Budget cutting in response to the twin challenges of COVID-19 demand destruction and low oil prices mean the world's oil and gas industry will likely spend less on renewable energy going forward.

Oilsands giant Canadian Natural Resources Ltd. is joining a lengthening list of oilpatch players who are cutting 2020 capital spending due to the COVID-19 pandemic and plunging oil prices.

More energy industry dividends are being slashed as investors turn their backs on companies whose payouts are now unaffordable with oil prices plunging to less than US$30 per barrel.

Alberta Premier Jason Kenney flew to Ottawa on Wednesday, March 11, 2020, with a list of demands and a key message for the prime minister to focus on the economy.

Analysts expect to see lower Canadian oil production this year as producers follow the example of Cenovus Energy Inc. in slashing capital spending budgets amid tumbling oil prices.

Anxiety over the new coronavirus epidemic sent global stock markets and oil prices plunging on Monday, March 9, 2020, touched off prison riots in Italy and caused a cascading shutdown of sites and events ranging from Saudi schools to a Holocaust march.

Exxon Mobil said on Thursday, March 5, 2020, it plans to reduce the number of oil rigs operating in an oil-rich region in the Southwest and may cut planned capital expenditures as the spreading coronavirus saps energy demand.

The competing demands of natural resource development, environmental protection and Indigenous reconciliation appear poised for a head-on crash — with Prime Minister Justin Trudeau's minority government caught in the middle as Parliament resumes on Tuesday, February 18, 2020.

Canada's politicians have to listen to one another to address economic rifts that could hinder national unity, Nova Scotia's premier says, as he adds his voice to calls for changes to the federal government's fiscal stabilization program.

A U.S. military expert who famously turned down an invitation from U.S. President Donald Trump to act as his national security adviser says it's more important than ever that Canada "be in the fight" when it comes to its military commitments.

Higher oil prices spurred by an attack on Saudi Arabian oil facilities boosted the Canadian energy sector on Monday, September 16, 2019, but are expected to result in higher fuel prices for consumers.

Alberta's oil curtailment program has worked to reduce inventories that had resulted in steep discounts in local oil prices, but it has hurt crude-by-rail economics and it's time for it to end, the CEO of Imperial Oil Ltd. said on Friday, August 2, 2019.

Higher oil prices are expected to boost cash flow for the large Canadian crude producers as they roll out second-quarter results beginning next week, but analysts say the extra money is unlikely to be added to growth budgets.

After months of taking to the streets to demand pipeline project approvals and rallying last month to call for lower property tax increases, Calgary's business community is looking forward to heading outside for pancakes and parties as the Calgary Stampede kicks off this week.

Newly released figures show the Alberta government ended the last fiscal year with a deficit more than $2 billion smaller than originally predicted in the budget.