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Energy and Resources News

Oil hits 2016 high on U.S. draw forecasts, Nigeria worry
Oil prices hit 2016 highs on Tuesday, with U.S. crude settling above US$50 a barrel the first time in almost a year, on expectations of domestic stockpile draw and worries about global supply shortfalls from attacks on Nigeria's oil industry.
Posted on 6-07-2016 at 3:43 PM
'We’re just not competitive': Why the oil patch can’t cut its way to growth
No matter how much Canadian oil sands producers cut costs, John Stephenson, CEO of Stephenson & Co., argues it can never be enough. He stresses that the oil sands’ economic heyday is over.
Posted on 6-07-2016 at 7:12 AM
Oil up 3rd day on supply worry; Fed chief remarks pare gains
Oil prices rose for a third straight day on Monday, as crippling attacks on Nigeria's oil industry and fresh draws in U.S. crude stockpiles boosted prices even though gains were pared later on renewed expectations of a U.S. interest rate hike.
Posted on 6-06-2016 at 3:33 PM
Ottawa promises to spend $775M on clean-energy research by 2020
The federal government will double its spending on clean-energy research to $775-million by 2020, and look for ways to boost the commercialization of the emerging technology, Natural Resources Minister Jim Carr said Thursday.
Posted on 6-03-2016 at 8:37 AM
Oil slides on U.S. rig count rise, economy concerns
Oil prices tumbled more than 1 per cent on Friday, extending losses after weekly industry data showed U.S. drillers added rigs for only the second time this year.
Posted on 6-03-2016 at 3:12 PM
Manitoba pork industry faces new outbreak of devastating pig virus
The Manitoba pork industry is trying to trace the source of a new outbreak of a devastating pig virus that struck just three weeks after the federal government changed the rules governing hog transport-truck washing.
Posted on 6-02-2016 at 2:43 PM
Oil up, Brent settles above $50; U.S. crude draw offsets OPEC
Oil prices edged higher on Thursday, with Brent settling above US$50 a barrel the first time in seven months, after the latest drawdown in U.S. crude stockpiles offset OPEC's failure to set a ceiling for its output.
Posted on 6-02-2016 at 3:21 PM
NEB recommends approval of TransCanada's Nova gas pipeline expansion
The National Energy Board is recommending that the federal government approve TransCanada's proposed expansion of its Nova gas pipeline system.
Posted on 6-02-2016 at 6:54 AM

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