Edition:
United States

Nia Williams

Canada's First Nations seek bigger stakes, profits from oil sector

Mar 02 2018

CALGARY, Alberta Canada's First Nations are boosting investments and leveraging their clout with regulators to gain stakes in oil and gas projects as they seek greater returns on energy produced or transported across their territory.

Why Canada is the next frontier for shale oil

Jan 29 2018

CALGARY, Alberta The revolution in U.S. shale oil has battered Canada's energy industry in recent years, ending two decades of rapid expansion and job creation in the nation's vast oil sands.

Oil hovers near three-year high despite rising U.S. output

Jan 15 2018

CALGARY, Alberta Oil hovered near a three-year high above $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, although analysts warned of a "red flag" due to surging U.S. production.

Canada scales back New Year's Eve party due to extreme cold

Dec 30 2017

CALGARY, Alberta Bitterly cold conditions have prompted authorities across Canada to issue extreme weather alerts, including one in the nation's capital Ottawa, where the government scaled back a New Year's Eve party and moved a hockey tournament indoors.

U.S. crude ends year above $60 on strong global oil demand

Dec 29 2017

CALGARY, Alberta U.S. oil prices closed above $60 a barrel on the final trading day of the year, the first time since mid-2015, as the commodity ended 2017 with a 12 percent gain spurred by strong demand and declining global inventories.

Oil falls from 2015 highs as rally falters

Dec 27 2017

CALGARY, Alberta Oil prices dipped on Wednesday, as a rally ran out of momentum a session after crude hit a near 2-1/2-year high on supply outages in Libya and the North Sea.

Canada oil producers exhaust options as pipelines, railroads fill

Dec 18 2017

CALGARY, Alberta/NEW YORK Canadian oil producers are running out of options to get crude to market as pipeline and rail capacity fills up, driving prices to four-year lows and increasing the risk of firms having to sell cheaply until at least late 2019.

Heavy crude slumps to deepest discount in four years

Dec 13 2017

CALGARY, Alberta Canadian heavy crude extended losses on Wednesday, with the discount hitting a four-year low as pipeline constraints left a glut of crude building up in Alberta.

Heavy barrels hit widest discount in four years

Dec 12 2017

CALGARY, Alberta The discount on Canadian heavy crude slumped to its deepest level in four years on Tuesday, hurt by export pipeline outages and high storage inventories in western Canada.

Heavy slumps to deepest discount since 2014

Dec 11 2017

CALGARY, Alberta Canadian heavy crude weakened sharply on Monday to its widest discount in 3-1/2 years as Enbridge Inc announced extra rationing of space on some of its pipelines, worsening a backlog of crude in Alberta storage hubs.

World News

Canada warns U.S. not to politicize extradition cases

Canadian Foreign Minister Chrystia Freeland on Wednesday warned the United States not to politicize extradition cases, a day after President Donald Trump said he could intervene in the affair of a Chinese executive detained in Canada at Washington's request.