FuelFix (blog)Oil Rigs Get Slammed for the 13th WeekBloombergThe number of U.S. oil rigs out drilling new wells fell for the 13th straight week as the U.S. sinks deeper in a glut of excess oil. Drillers idled 64 oil rigs (excluding gas rigs), dropping the …

CBC.caCanada's trade gap widens to $2.5B on oil price slideCBC.caThe decline of oil prices is eating into Canada's hopes for improving exports, as the value of crude oil and bitumen exports declined by a whopping 23 per cent in the past year. In Ja …

NewsweekThe World Has Extracted More Crude Oil Than It Knows What to Do WithNewsweekThe world is so flush with crude oil, it is running out of places to store it all. Crude oil producers are currently pumping nearly 1.5 million barrels a day more of the st …

CBC.caCanadian dollar back below 80 cents as oil dips back down under $50CBC.caOil prices resumed their slide on Thursday as new inventory data confirmed that North American oil producers aren't cutting back production, which mean the glut isn't go …

CBC.caWTI oil contract trading for $52 US, Canadian dollar punches through 80 centsCBC.caThe Toronto stock market shot up 162 points on Tuesday after oil continued the climb that has seen it gain 19 per cent in the last four sessions. The S&P/TSX compo …