Crescent Point is more interested in returns for investors and Alberta’s Duvernay these days, as opposed to aggressive drilling in Saskatchewan
CALGARY – Despite oil prices at their highest levels in a decade, and calls from politicians and the public for Canadian and American oil producers to ramp up production to displace Russian oil from the market, Crescent Point Energy Corp. is focusing on returns to...
Brent crude up $10, shares sink as Ukraine conflict deepens
By Yuri Kageyama in Tokyo TOKYO (AP) — The price of oil jumped more than $10 a barrel and shares were sharply lower Monday as the conflict in Ukraine deepened amid mounting calls for harsher sanctions against Russia. Brent crude oil surged over $10 early...
Blinken: US, allies discuss Russia oil imports
WASHINGTON — U.S. Secretary of State Antony Blinken says the United States and its allies are having a “very active discussion” about banning the import of Russian oil and natural gas in the latest escalation of their sanctions in retaliation for its invasion of...
Newfoundland and Labrador to wait another 40 days for federal decision on proposed offshore oil project
ST JOHN'S - Newfoundland and Labrador will have to wait another 40 days for a federal decision on the fate of a proposed offshore oil project led by Norwegian oil giant Equinor. Ottawa said Friday in a news release that federal Environment Minister Steven...
Gas prices top $2 per litre as Russian invasion sends crude oil surging
By Christopher Reynolds in Montreal The price of gasoline has topped $2 a litre in British Columbia as Canadians continue to see eye-popping numbers at the pump this week, spurred upward by Russia's invasion of Ukraine. The retail price of gas across the...
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