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Optimism in Canadian oilpatch as OPEC, non-OPEC countries agree to cuts
CALGARY - A dramatic jump in oil prices linked to the promise of lower global production is fuelling hope the Canadian oil sector may soon recover from a two-year economic slump. Observers say they ar...
CJME News
Dec 13, 2016
Saudi Aramco to boost capacity; Abu Dhabi to increase supply
DUBAI, United Arab Emirates - Saudi Arabia steamed ahead on Wednesday with its new energy play by directing the kingdom's oil company Aramco on Wednesday to increase its maximum production capacity, w...
The Canadian Press
Mar 11, 2020
Oil giant Saudi Aramco sees 2019 profits drop 20% to $88.2B
DUBAI, United Arab Emirates - Oil giant Saudi Aramco said Sunday its profits dropped 20% in 2019 to $88.2 billion, a sharp decline coming as the kingdom stands ready to flood an already-weakened globa...
The Canadian Press
Mar 15, 2020
Trump says he expects Russia, Saudis to cut oil production
DUBAI CITY, United Arab Emirates - President Donald Trump said Thursday that he expects Saudi Arabia and Russia will dramatically cut production and end an oil war that sent energy prices to record lo...
The Canadian Press
Apr 02, 2020
Oil price dives as OPEC, Russia fail to agree on output cut
VIENNA - OPEC and key ally Russia failed to agree Friday on a cut to oil production that would have contained the plunge in the price of crude caused by the new coronavirus outbreak's massive disrupti...
The Canadian Press
Mar 06, 2020
Petroleum analyst predicting even bigger drop in gas prices
Gas prices are expected to drop significantly in the coming days. Dan McTeague is a petroleum analyst and is part of a group called Canadians for Affordable Energy. He told Gormley that another drop o...
CJME News
Mar 10, 2020
OPEC, Russia to nudge up oil output after hit from pandemic
FRANKFURT - OPEC and allied countries including Russia agreed Thursday to increase oil production by 500,000 barrels a day from January and will meet monthly to assess the situation, gingerly adding m...
The Canadian Press
Dec 03, 2020
OPEC calls for big production cut, but will Russia agree?
VIENNA - The OPEC oil cartel is calling for a deep production cut to keep crude prices from falling further as disruption to global business from the coronavirus slashes demand from air travel and ind...
The Canadian Press
Mar 05, 2020
US industrial production surges 5.4% in June
WASHINGTON - Production at America's factories, utilities and mines surged last month, but remained well below pre-pandemic levels. The Federal Reserve said Wednesday that U.S. industrial production r...
The Canadian Press
Jul 15, 2020
Global pact to contain oil price crash takes shape
DUBAI, United Arab Emirates - The OPEC oil cartel and nations including Russia have agreed to boost oil prices by cutting as much as 10 million barrels a day in production, or a tenth of global supply...
The Canadian Press
Apr 09, 2020
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Former Roughrider Shawn Lemon suspended indefinitely for betting on CFL games
Apr 24, 2024
CFL commissioner Randy Ambrosie said the integrity of the league is essential.
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