Canada is growing ever more reliant on imported American oil, a new report from the country's energy regulator suggests, putting a counter-intuitive spin on the fierce debate about cross-border pipelines and energy independence.
Calgary home sales, prices and new listings might be headed for a slight increase in 2021, but they're likely still bound to be hampered by COVID-19 and reduced demand for oil, the city's most prominent housing organization predicted Tuesday.
Russian oil giant Rosneft on Wednesday announced the start of operations for its giant Vostok oil project in the Arctic, part of the country's strategic energy plan which has been criticised by environmentalists.
The all-shares deal by Cenovus Energy Inc. to buy Husky Energy Inc. for about $3.8 billion will likely spark more mega-mergers among Canadian oil and gas majors, according to a veteran oilsands analyst.
Democrat Joe Biden's remark that he would "transition" away from oil in the U.S. in favour of renewable energy drew quick attention Thursday night from U.S. President Donald Trump, who saw it as a boon to his election chances in key states.
The oil industry has asked the United States to pressure Kenya to change its world-leading stance against the plastic waste that litters Africa, according to environmentalists who fear the continent will be used as a dumping ground.
Canada and its G20 partners won't yet be following OPEC nations by cutting production to stop spiralling oil prices caused by the COVID-19 crisis and a price war between Saudi Arabia and Russia, Canada's energy minister said Friday.