This article was published by the Canada Energy Regulator on March 25, 2020. As of Friday 20 March 2020, the spot price for West Texas Intermediate (WTI) crude oil decreased by 65 per cent from [Read more]
The coronavirus crisis will cause global wind additions in 2020 to decline by 4.9GW compared to Wood Mackenzie’s previous projections. Due to the Coronavirus pandemic and other market changes since Wood Mackenzie’s Q4 2019 update, [Read more]
On Friday, Athabasca Oil announced it will cut its $30 million 2020 capital program and curtail heavy oil production at its Hangingstone oil sands facility. The Calgary-based company says it has immediately cancelled its forecast [Read more]
This op-ed was released by Wood Mackenzie on March 19, 2020. Survival mode has returned to the oil and gas sector as the oil price rout deepens. Corporate financials are in better shape than during [Read more]
In the short term, the biggest downside risk from the dramatic drop in oil prices to gas supply is associated with gas production – largely from unconventionals in the US, argues energy consultancy firm Wood [Read more]
According to the newest provincial outlook from the Conference Board of Canada, Alberta could be facing a mild recession due to falling investment, pipeline concerns and Canada’s carbon tax. In a press release from the [Read more]
In 2018, the US trade deficit hit $621 billion, up over 12 per cent compared to the previous year. This is still below the record high $761 billion set in 2006. US trade deficit worsened [Read more]
According to the Conference Board of Canada’s economic outlook, there will be weakened growth in Central Canada, Manitoba and Alberta. —while Atlantic Canada, B.C. and Saskatchewan will see increases. Reuters photo. According to The Conference [Read more]
The United States government’s receipts from taxes, social security contributions, customs duties and other items fell by 0.4 per cent in 2018, as reduced tax rates more than offset the impact of an expanding US [Read more]
The Federal Reserve’s promise to be “patient” as it determines how to adjust interest rates in future has been welcomed by investors fearful that an economic slowdown could preface a slide into recession. Federal Reserve [Read more]
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