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  • Quebec slams door on New Brunswick’s pipeline dream at premiers’ meeting December 8, 2018
    MONTREAL — New Brunswick Premier Blaine Higgs remained optimistic Friday that, someday, a pipeline would be built to bring western crude oil to ports in his region for transport overseas. But the Quebec premier tried his best to kill that dream. While... The post Quebec slams door on New Brunswick’s pipeline dream at premiers’ meeting appeared first on Energy News for the […]
  • US crude rises 2.2%, settling at $52.61, after OPEC and allies reach deal to cut output December 7, 2018
    December 7, 2018 Reuters Oil prices surged higher on Friday after OPEC, Russia and several other producers reached an agreement to cut output next year in order to boost the market. U.S. West Texas Intermediate crude futures ended Friday’s session up $1.12, or 2.2 percent, at $52.61 per barrel, off a session high of $54.22. […]
  • Junior oil firms cutting dividends, output as prices remain ’embarrassingly low’ December 7, 2018
    December 7, 2018 The Canadian Press CALGARY – A pair of junior Calgary oil companies are cutting payouts to shareholders and reducing production because of current steep discounts on western Canadian oil prices. Both Cardinal Energy Ltd. and Granite Oil Corp. say they can’t afford to wait and see if production cuts imposed by the Alberta […]

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