Oil supply surge to strain prices through 2026
Global oil markets face continued price pressure through 2026 as swelling supply outpaces demand. New analysis reveals production growth will challenge market stability.
Category : Search result: Canada oil industry
Alberta Pipeline Plan Divides Leaders, Guilbeault Resigns
Mark Carney signs major energy agreement with Alberta, setting pipeline conditions. Steven Guilbeault resigns from cabinet in protest. Political leaders divided on oil project future.
Canada's North Coast Oil Tanker Ban Faces Change
A new Canada-Alberta deal opens a path to amend the 2019 Oil Tanker Moratorium Act, potentially enabling bitumen exports from BC's North Coast to Asian markets.
New Alberta-B.C. Oil Pipeline Deal Tests Canada's Resolve
Prime Minister Mark Carney and Alberta Premier Danielle Smith sign a landmark MOU for a new oil pipeline to Asian markets. Will this nation-building project succeed?
New Alberta Pipeline Deal Raises Climate Policy Fears
Prime Minister Mark Carney signs major energy agreement with Alberta, creating framework for new oil pipeline while advocates warn of environmental consequences. Read the details.
Canada-Alberta MOU Paves Way for New Oil Pipeline
Prime Minister Mark Carney and Alberta Premier Danielle Smith signed a pivotal MOU to establish Canada as an energy superpower, clearing the path for a new pipeline. Read the details.
Carney signs energy agreement with Alberta
Prime Minister Carney secures major energy agreement with Alberta, setting emissions targets for new oil pipeline construction. Read the full details of this historic deal.
Smith, Carney Sign West Coast Pipeline Agreement
Alberta Premier Danielle Smith and PM Mark Carney sign historic MOU for new oil pipeline through northern BC, addressing environmental regulations and economic growth.
OPEC+ to Hold Oil Output Steady Through Q1: Sources
OPEC+ alliance likely to maintain current oil production levels through first quarter 2025, according to Reuters sources. Stay informed on global energy market developments.
Calgary Report: Canada's Energy Industry Faces Longer Rough Ride
New Enserva report reveals tough 2025 for Canada's oilpatch with one project potentially changing fortunes. Read analysis of energy sector challenges and opportunities.
BusinessEnergy predicts lower industry spending amid optimism
BusinessEnergy service group forecasts reduced industry spending but identifies reasons for optimism in Canada's energy sector. Learn about the shifting dynamics.
Cenovus CEO touts oil future as scientists warn
Cenovus Energy CEO Jon McKenzie celebrates oil industry progress while climate scientists issue urgent warnings. Explore the dual narrative shaping Canada's energy future.
History of Failed Pipeline Projects in Canada
Exploring Canada's troubled pipeline history as new projects face scrutiny. Learn about past failures and their impact on current energy infrastructure debates.
Nova Scotia Diesel Price Adjustment Takes Effect
Nova Scotia's energy board announces diesel price changes starting Wednesday. Learn how this affects consumers and the provincial energy market.
Newfoundland premier vows oil industry comeback
Newfoundland and Labrador Premier Tony Wakeham pledges to revitalize province's oil sector ahead of crucial meeting with federal officials. Get the latest developments.
Canada Reaches Deal for New West Coast Oil Pipeline
Prime Minister Mark Carney and Alberta Premier Danielle Smith have agreed on a deal to support a new oil pipeline to Canada's west coast, marking a major political breakthrough.
Canada's New Energy Pact to Spur Oil Pipeline Development
Canadian oil industry welcomes new federal-provincial energy agreement that could pave way for Pacific coast pipeline and address key energy policies. Read the details.
Ottawa and Alberta Agree to New Pipeline Deal
Prime Minister Mark Carney and Alberta Premier Danielle Smith have agreed on a new pipeline deal to transport Alberta oil to the west coast, with an announcement set for Thursday in Calgary. Learn more about this breakthrough agreement.
Carney Faces Pipeline Pressure in B.C. Project
Prime Minister Mark Carney faces mounting pressure over proposed northwest B.C. pipeline as readers debate national interest, emissions caps, and investment climate. Read the latest developments.
UN Climate Negotiations Split on Fossil Fuel Phaseout
Negotiators at COP30 climate summit in Brazil remain divided over when and how to phase out oil, gas and coal. Key decisions delayed as overtime talks loom.
B.C. Premier clashes with Smith, Moe over oil tanker ban
B.C. Premier David Eby defends federal oil tanker ban as crucial for Indigenous support of major projects while criticizing Alberta and Saskatchewan leaders. Read the latest political developments.
Pipeline veterans vow to fight new BC coast projects
Veterans of previous oil pipeline battles pledge to oppose any new proposals on BC's north coast, drawing from past protest experience. Learn about the renewed environmental fight.
B.C. says it was excluded from pipeline talks
B.C. Premier David Eby says his government was not consulted about rumoured pipeline negotiations between Ottawa and Alberta, warning the project risks real jobs and prosperity.
Trump Administration Plans New Offshore Oil Drilling
The Trump administration reveals controversial plan for new oil drilling off California and Florida coasts, sparking immediate environmental concerns and political opposition.
Aduro's Plastic-Derived Oil Successfully Steam-Cracked
Aduro Clean Technologies achieves milestone as its Hydrochemolytic™ oil from waste plastics proves compatible with industrial steam crackers without costly pretreatment, advancing circular plastics.
Liberal MP Warns Oil Tanker Ban Debate Will Be Contentious
Liberal MP Karina Gould predicts contentious debate over lifting BC oil tanker ban as Ottawa negotiates with Alberta. Coastal communities' voices crucial in national conversation.
U.S. crude stocks fall on higher demand, EIA says
U.S. crude oil inventories fell significantly due to rising demand, while fuel stockpiles increased, according to the EIA. Explore the key market drivers and implications.
Alberta Premier Smith Negotiating MOU with Ottawa
Alberta Premier Danielle Smith reveals ongoing MOU negotiations with the federal government, seeking pipeline expansion and addressing unpaid oil and gas taxes affecting rural municipalities.
Saint John's Golden Ball Building Sold, May Be Demolished
Irving Oil's iconic Golden Ball building in Saint John has been sold and could face demolition. Learn about this significant development for New Brunswick's landscape.
Canadian Oil Sands Make Comeback Amid U.S. Shale Slowdown
Canada's oil sands industry is experiencing a major resurgence as production hits record highs and investor interest surges, driven by the Trans Mountain pipeline expansion and plateauing U.S. shale output.
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