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Oil industry leaders say production cuts may be necessaryMajor oil producers on hand for a summit in Abu Dhabi acknowledge that production cuts of up to 1 million barrels a day may be necessary. Yes. Of course. Greed is creeping in. Can someone in Canada explain to me why Canada imports oil from Saudi Arabia? Doesn’t Canada export oil ? I’m confused about Canada’s oil industry. good grief charley brown....
Source: CTVNews - 🏆 1. / 99 Read more »
‘We are not going to carry the industry on our back’: Cenovus urges oilpatch to cut output to ease glutOilsands producer preparing to throttle back production and cut investment spending in the face of crippling discounts
Source: nationalpost - 🏆 10. / 80 Read more »
Oil industry spars over forcing temporary production cuts as heavy crude dips to $15Some oil companies are pushing Alberta premier Rachel Notley to enforce a ‘curtailment’ of production, while others are firmly opposed All caused by lack of pipelines being built. Congratulations Canada. Who needs enemies when we have ourselves?
Source: nationalpost - 🏆 10. / 80 Read more »
Oil production cuts may be necessary to rebalance market, Saudi Arabia’s energy minister saysComments from the minister show the balancing act the U.S. allies face in dealing with Trump’s actions related to the oil industry globebusiness Why would we buy oil from those hateful savages? globebusiness If Canada would refine its own oil and not import then there would be lots available
Source: globeandmail - 🏆 5. / 92 Read more »
Alberta Premier Notley to address industry-wide limits on oil production Sunday eveningIn an op-ed piece published on Friday, Premier Rachel Notley blamed a lack of new pipeline capacity for the growing glut of oil in her province that has driven down prices over the past two months globebusiness It won't make much of a difference. When the top 3 producers continue production the way they are the only thing that'll happen is Canada getting cut out of the energy sector. Gees we only extract 50% of the bottom 3rd extracts. globebusiness This premier doing best under incredibly tough circumstances caused by much stubbornness and little foresight and intelligence of the so-called oil industry ... pray for this good, responsible leader ... Through her resilience the next non-conservative pricks will reap benefit. . globebusiness She is at least trying to do
Source: globeandmail - 🏆 5. / 92 Read more »