10 h. ago Plunging world oil prices are a mixed blessing for Albertans

While low world oil prices may be good for drivers as the busy summer driving season approaches, experts warn that government budgets could take a big hit.

Economics

4 d. ago Alberta’s energy industry, government watch nervously as oil prices hit 4

With oil prices plunging to their lowest level in four years, both the energy industry and governments that depend on energy royalties are watching nervously.

Politics

4 d. ago Oil prices dip, global shares mixed amid thin holiday trading

During the weekend, the OPEC+ group of eight nations announced it will raise its output of oil by 411,000 barrels per day as of June 1, stepping up production increases.

Society

2 w. ago OPEC+ Tensions With Kazakhstan Boil Over Sending Oil Price Lower

OPEC+’s audacious bid to punish its oil-quota cheats prompted a renewed plunge in crude on Wednesday, as growing tensions with Kazakhstan stoked fears of an escalating price war.

Economics

2 w. ago Oil Climbs After Plunging Monday on Trump’s Criticism of Powell

Oil edged higher after tumbling Monday following US President Donald Trump’s escalating criticism of Federal Reserve Chair Jerome Powell, which rattled global markets.

Other

3 w. ago Trump Energy Boss’s Company Plunging 40% Is a Warning for US Oil Production

Energy Secretary Chris Wright says Donald Trump’s administration is giving the “green light” to more US oil production, but the signal from the fracking company he used to run is flashing bright red.

Economics

3 w. ago Iraq to Cut Oil Price in Federal Budget Amid Plummeting Market

Iraq, OPEC’s second-largest producer, plans to cut its oil-price assumption in the federal budget after the market plunged.

Economics