Canada’s economic output grew by an annualized rate of 3.5 per cent in the third quarter, largely on the strength of strong energy exports. Exports in the energy sector increased …
Oil leads Canada’s GDP growth while OPEC production cuts have prices surging Read More »
The importance of the energy sector to Canada’s economy can be seen dramatically in Statistics Canada’s just-released figures for July. Real gross domestic product grew 0.5 per cent in July, …
Demand for oil is weaker than previously assumed, says the International Energy Agency in its September oil market report. Global demand has been revised downward by 100,000 barrels per day …
Saudi Arabia says it has seen the pain, but it has no intention of changing its policy. It will continue to pump enough oil to protect its market share regardless …
Saudis will no longer provide “insurance policy” for high-cost oil producers Read More »
The balance of power is changing, with respect to the world’s oil and gas resources, and a phenomenon being called “supply shock” is working its way through the industry. North …
