Stock markets fall, oil prices plummet as COVID-19 fears rise again
The Toronto Stock Exchange had its worst day in months on Monday as rising COVID-19 infections around the world gave investors a sobering reminder that the pandemic…
Tag: <span>oil prices</span>
20Articles
Pump prices expected to continue climb as oilpatch eyes better days ahead
With oil prices recently returning to some of their highest levels in years, experts say drivers should prepare to pay even more at the pumps as the…
Alberta’s oil producers feel recovery — but analysts aren’t predicting a repeat of the last boom
When Alberta's oil sector was thriving a decade ago, thousands of workers beat a path to Fort McMurray, Alta., as companies pumped cash into ambitious growth plans.We…
Fire, flood, COVID and the oil crash: Fort McMurray businesses aim to bounce back from hard luck
Anyone who buys a restaurant knows the business is not for the faint of heart. In an oil town, where fortunes can rise or plummet in an…
A year of misfortune: How the global pandemic has battered N.L.’s oil and gas industry
Amanda Young had her dream job as a cook on the Terra Nova FPSO, one of four oil-producing platforms in offshore Newfoundland and Labrador."We all thought that…
Layoffs from Cenovus-Husky oilpatch merger expected to begin today
The fallout from the merger of two oilpatch majors — Cenovus Energy and Husky Energy — is expected to land in downtown Calgary today as workers begin…
After a turbulent year, Canada’s energy industry braces for more upheaval in 2021
Turbulent, chaotic, overwhelming — it's been the kind of year that tests a person's nerves and their vocabulary. At times, there have been no words.Canada's oil and…
Saskatchewan staved off bankruptcy in the ’90s. Is there hope for N.L., too?
Roy Romanow says he still loses sleep over decisions he made 27 years ago.The former NDP premier of Saskatchewan came to power amid a major debt crisis…
For Canada’s energy sector, a Joe Biden win would be just 1 more item on a long list of uncertainties
This week was the first time Tom Simons had travelled to the U.S. in eight months because of the pandemic, and he just happened to be in…
Cenovus to cut up to 25% of combined workforce with Husky Energy after merger
The $3.8-billion merger between Cenovus Energy and Husky Energy will result in a trimming of the workforce by as much as 25 per cent, CBC News has…
Cenovus is merging with Husky Energy: What that means for jobs and the future of the oilpatch
The last time Cenovus Energy swung for the fences with a bold move to vastly expand, the mega-deal was a major flop.It was more than three years…