High wind output in Saskatchewan and Alberta, with zero dollar pricing in Wild Rose Country
As frequently happens when wind output exceeds 50 per cent capacity, and especially when it exceeds 70 per cent capacity, the AESO pool price across the entire province dropped to zero. And when you have to pay for fuel, but get paid nothing for your output, those who consume the most fuel are likely to cut production, often to zero. That’s exactly what happened.
The past and potential of Venezuela’s oil sector, and what it means for Canada
U.S. President Donald Trump’s ambition to have U.S. energy companies swoop in and revive Venezuela’s beleaguered oil industry has raised questions about what it means for Canadian oilsands producers and whether it’s a task American supermajors can or even want to take on.
Alberta’s Smith calls on Carney to speed up major project approvals
Alberta Premier Danielle Smith is calling on Ottawa to further speed up its approval process for major projects, saying she wants to see applications green-lit within six months.
US seeks to assert its control over Venezuelan oil with tanker seizures and sales worldwide
President Donald Trump’s administration on Wednesday sought to assert its control over Venezuelan oil, seizing a pair of sanctioned tankers transporting petroleum and announcing plans to relax some sanctions so the U.S. can oversee the sale of Venezuela’s petroleum worldwide.
Carney says Canadian oil will be competitive after Maduro’s ouster
Prime Minister Mark Carney says his government is working to expand access to oil markets in Asia now that Canada faces the prospect of Venezuelan oil displacing Canadian product in the American market.
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