Search Results
for Canada

Canada Announces Plans to Phase Out ICE Vehicles by 2035
The Canadian government announced a landmark new regulation that would ban gasoline and diesel vehicle sales by 2035, adding its name to the list of governments phasing out the internal combustion engine.

Canada Faces Oil Shut Ins As Prices Drop Below $5
With a barrel of Canadian oil now cheaper than a pint of beer, producers have begun to shut in production.

Oil Sands Industry Sees Setback In Canada’s Election Results
Canadian Prime Minister Justin Trudeau's election victory could create more challenges for an energy industry already struggling with low prices and pipeline bottlenecks.

Pipeline Delays Continue to Dog Canada’s Oil Industry
Persistent pipeline construction delays continue to hamper the ability of Canada's oil industry to move oil to market.

Line 3 Delay Another Headache For Canada’s Oil Industry
Already struggling with a lack of pipeline capacity, Canada’s oil industry hit yet another setback with the recent announcement from Enbridge of delays to its Line 3 replacement project.

OPEC Cuts Output, Erasing Most of Surplus
While there is a long list of potential factors that could surprise the market in 2019, OPEC+ supply curbs create a tightening baseline that should lead to higher oil prices as the year wears on.

Canada’s Oil Sector Squeezed Out By Infrastructure Woes
Intractable infrastructure problems caused Canada to miss out on the high prices that characterized much of 2018. A majority of Canadians now believe the lack of pipeline capacity has become a crisis as current supply lines are tapped out, storage facilities are at capacity and Alberta has instituted a production cut.

The New NAFTA Calms Some Automaker and Energy Concerns
The USMCA appears to calm oil industry fears that revisions to NAFTA would endanger investor protections, while Canada and Mexico both have carveouts to avoid vehicle tariffs.

Canada’s Oil Industry Faces Long-Term Challenges Without Key Pipelines
The cancellation of the Trans Mountain Expansion pipeline would significantly hurt Alberta's oil sands producers, which are struggling with midstream constraints and large discounts for their crude.

Investment in Canada’s Oil Sands Declines, But Production Still Poised to Grow
Upstream investment in new projects in Canada’s oil sands has declined by two-thirds since the oil market downturn in 2014, and there is no guarantee spending will rebound.