(World Oil)– Alberta is projecting a wider deficit for the current fiscal year as oil prices fall, denting a key source of revenue for Canada’s top energy-producing province. The deficit will widen to US$4.7 billion (C$6.5 billion) in the fiscal year ending in March, C$1.3 billion bigger than previously forecast, the provincial government said Thursday. Driving the wider shortfall is
(BOE Report)– Giant shovels, driverless trucks and a dog-like robot have all helped Canada’s oil sands companies including Imperial Oil and Suncor become some of North America’s lowest-cost oil producers, driving down overheads even as the worst inflation in a generation pushed U.S. shale costs up. As the global oil industry enters a downturn due to economic uncertainty related to U.S.
(Oil Price) – Donald Trump’s victory in last week’s elections has worried many people. The reason they are worried is the word tariffs. Trump has threatened to impose tariffs on every country he sees as having an unfair trade advantage over the United States. One country is lucky, however. That county really does have an advantage—and tariffs will not erase this advantage.
