Alberta Cuts Oil Production, Helps OPEC, Hurts US: Why Energy Infrastructure is Essential InsideSourcesA lack of pipelines running between Canada and the U.S. has left oil producers in Alberta sitting on 35 million barrels of surplus oil, and th …
IMF Slashes Saudi Growth Outlook On Lower Oil Prices, Production OilPrice.comThe IMF, on Monday, cut its growth forecast for Saudi Arabia, naming lower oil prices and reduced production as two of the main reasons for the change. Read more https …
Council on Foreign Relations (blog)Saudi Arabia Considers New Oil Production Cuts Amid Shrinking Budget DeficitsCouncil on Foreign Relations (blog)In a sign that Riyadh would like to continue this robust economic health into 2019, Saudi Oil Minister Khalid …
Financial TimesDollar hits new 2018 peak as stocks rallyFinancial TimesEnergy stocks were leading the way globally, with oil group ExxonMobil rising more than 2 per cent and the Stoxx 600 oil and gas sector climbing 1 per cent. Asia equities were led highe …
Financial TimesDollar hits new 2018 highs as stocks rallyFinancial TimesEnergy stocks were leading the way globally with oil group Exxon Mobil jumping more than 2 per cent and the Stoxx 600 oil and gas sector climbing 1 per cent. Asia equities were led hig …
BloombergAlgeria Readies to Splash Cash as Oil Prices RiseBloomberg“In typical Algerian style, they are being extremely opaque about the sources of financing, but it can only be the central bank financing and the rise in oil prices,” independent North Afri …
BloombergSaudi Arabia Signals Ambition for $80 Oil PriceBloombergWhile there's little indication the Saudis are prepared to deepen their oil cuts to achieve $80, at the very least the aspiration suggests they'll keep with the current measures until …
BloombergSaudi Arabia Signals Ambition for $80 Oil Price - BloombergBloombergSaudi Arabia wants to get oil prices near $80 a barrel to pay for the government's crowded policy agenda and support the valuation of state energy giant Aramco before an initi …
BloombergAlberta Looks Beyond Oil as Crash Leaves Balanced Budget Far OffBloombergAlberta is looking beyond its oil industry as it works to end years of red ink. Still, a recovery to balanced budgets is a long ways off. Canada's top oil-producing provi …
Financial PostRose-coloured view from Alberta as province remains dependent on oil economyFinancial PostThe big theme in Alberta's 2018 budget is that thanks to NDP government leadership during the “worst recession in generations,” the provincial econo …