7 h. ago Varcoe: 'Terrible' oil prices could create a difficult budget crunch for Alberta, premier warns

Oil prices have been “terrible” recently and Albertans need to brace for a difficult budget situation if they continue to slide, says Premier Danielle Smith.  The price of benchmark U.S. West Texas Intermediate (WTI) crude has dropped nearly 10 per cent since late July, closing below US$63 a barrel on Monday – nearly $5 below […]

Economics

7 h. ago Varcoe: 'Terrible' oil prices could create a budget crunch for Alberta, Premier Danielle Smith warns

WTI crude has dropped nearly 10% since late July and now sits nearly $5 below the province’s expectations in its latest budget

Economics

7 h. ago Varcoe: 'People better brace themselves' as oil prices strain budget, Danielle Smith warns

WTI crude has dropped nearly 10% since late July and now sits nearly $5 below the province’s expectations in its latest budget

Economics

3 d. ago Keep Calgarians safe: The 'plan' for the Sheldon Chumir safe consumption site

Premier Danielle Smith and her provincial government are about to close the supervised consumption site at Sheldon Chumir Health Centre in the Beltline. And then what? The truth is, the Sheldon Chumir safe consumption site was likely placed in the wrong spot, and Calgary would likely have benefited from multiple smaller sites instead of a […]

Other

4 d. ago Alberta Premier says policy to stop disclosing government expense receipts could be reversed

Alberta Premier Danielle Smith said the UCP will consider reversing a policy change limiting disclosure of expenses that her government has come under fire for making.

Politics

4 d. ago Premier Smith, Alberta Next panel face hecklers, supporters at fiery Edmonton event

A raucous crowd of about 750 people, the largest yet, attended a town hall hosted by Premier Danielle Smith's Alberta Next panel in Edmonton on Thursday.

Other

6 d. ago Top India Oil Explorer’s Profit Falls on Low Prices, Flat Output

State-run Oil and Natural Gas Corp.’s quarterly profit declined on lower crude prices and stagnant production from its aging fields.

Economics

1 week ago Trump says he’ll meet with Putin ‘very shortly’ to talk ending Ukraine war

Trump confirmed steps toward a meeting with Putin at the White House as Canada said it intends to lower the price cap on Russian oil alongside Britain and the European Union.

Politics

1 week ago Trump says he’ll meet with Putin in Alaska next week to discuss Ukraine war

Trump confirmed the meeting with the Russian leader as Canada said it intends to lower the price cap on Russian oil alongside Britain and the European Union.

Politics

1 week ago China Is Key to Displaced Russian Oil’s Impact on Global Prices

Washington’s efforts to choke Russian oil flows to India are raising the question of what will happen to the millions of barrels a day that would otherwise have been headed to the subcontinent.

Economics

1 week ago Opinion: Regional airports are a lifeline that need our support

The future looked bright in June 2014 when Fort McMurray International Airport (YMM) opened a glistening new terminal designed to handle 1.5 million passengers a year. Soon after, the global price of oil started plunging, sending the local economy into a tailspin. Then in 2020, COVID-19 upended air travel around the world. YMM is still […]

Other

1 week ago Suncor posts record Q2 production but lower oil prices still dent bottom line

Suncor Energy Inc. managed to squeeze more oil out of its operations in the second quarter while also completing multiple major projects, but its earnings couldn’t escape lower global oil prices. The oilsands producer posted a profit of $1.13 billion in the quarter ending June 30, down from $1.57 billion last year, as the price […]

Economics

2 w. ago Aramco Profit Falls for 10th Quarter, Debt Rises on Weak Oil

Saudi Aramco reported a decline in profit for a 10th straight quarter as lower oil prices outweighed the impact of higher production.

Economics