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 »
Irving Oil, operator of Canada’s largest crude oil refinery, announced a $200 million turnaround operation for its Saint John, New Brunswick refinery. It will be the largest such operation it …
Massive turnaround at Irving refinery a boost for local economy Read More »
The world currently produces approximately 30 billion cubic metres of freshwater by desalination annually, a number that is predicted to double in the next decade to meet global demand. A …
Saudi solar-powered desalination plant will be world’s largest Read More »
