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After taking on water last year like a leaky boat caught in a hurricane, the Canadian oilpatch has stabilized with benchmark crude prices bobbing around US$60 a barrel and a buoyant outlook for natural gas.
Yet, petroleum producers are remaining cautious when it comes to increasing capital budgets and boosting output levels in 2021.
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Try refreshing your browser, or Chris Varcoe: We re getting our mojo back â oilpatch on mend but spending hikes on hold Back to video
But Pembina Pipeline Corp. CEO Mick Dilger believes the days of higher spending and rising production are approaching.
Enbridge sees oilsands spending rising after a year-long freeze windsorstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from windsorstar.com Daily Mail and Mail on Sunday newspapers.
Oil prices under pressure following large gasoline build (SPY -0.1%). Biggest midday movers: Carnival, Dell, AMC Entertainment.
Here is the current market situation from CNN Money
North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.21%, while the IPC led the S&P 500 lower. They fell 1.14% and 0.06% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Optimism Returns To Canada s Oil Industry Optimism is returning to the Canadian oil industry as demand rebounds and production follows, Bloomberg has reported, citing the chief of the Canadian Association of Petroleum Producers. There s no denying that we ve been beaten, battered and wounded and industry was faced with some of the biggest challenges last year we ve ever seen, Tim McMillan said at the Scotiabank CAPP Energy Symposium. Our industry still has its best days ahead of it. In fact, over the past year, our industry has rallied and w
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At times, you have to wonder if U.S. policymakers truly understand the importance of the energy relationship with their northern neighbours not just for Canada, but for both countries.
U.S. President Joe Biden cancelled the Keystone XL project on his first day in office, citing climate concerns. Michigan’s governor wants to halt Enbridge’s Line 5, even as the state relies on the products that move through the pipeline.
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Try refreshing your browser, or Varcoe: As pipeline battles continue, new study underscores vital U.S.-Canada energy trade Back to video
Sask. premier hints at mobile vaccine clinics for worksites, possible changes to priority list
Saskatchewan Premier Scott Moe says his government is looking at getting COVID-19 vaccines into the arms of front-line workers, but not immediately.
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