The OPEC commitment by itself could end oil oversupply, starting in the first quarter of 2017
The regulator projects inflation-adjusted oil prices rising to US$68 a barrel by 2020 and US$90 by 2040
Gasoline prices set to rise as oilsands companies say more than 600,000 barrels per day of production has been sidelined because of the fire
Benjamin Tal, deputy chief economist at CIBC World Markets Inc., explains how the “twilight zone” of energy prices impacts Alberta, and how investment in the province will continue to be challenged by price volatility.
The province is no longer promising to balance the books by 2020
Prices are increasingly unlikely to recover this year, credit rating agency says
Stress testing highlights challenges for CIBC, Scotiabank
The gloomier forecast reflects several supply and demand factors
The rating agency’s base case forecast assumption for oil in 2016 is US$45
Three factors behind the turbulence in crude prices