The Globe and MailOil patch faces further cuts as crude prices hit new lowsThe Globe and MailThe moves accompanied fourth-quarter results that showed the harsh impact of U.S. benchmark oil prices that averaged just over $42 (U.S.) a barrel in the period, 4 …

Cut costs or face 'death spiral,' CNRL warns oil sandsThe Globe and MailThe president of one of Canada's biggest oil and gas producers delivered a stern warning to the oil sands industry, telling a room full of Fort McMurray business people tha …