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 »
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 »
