Suncor assessing impact of Alberta’s move to cut oil production next year

Suncor assessing impact of Alberta’s move to cut oil production next year
CALGARY — Suncor Energy Inc. says it’s assessing the impact of the Alberta government’s move to curtail oil production next year. The company says the specific impact of the production cut will be provided when it issues its 2019 capital and production guidance. The Alberta government announced a plan Sunday to impose across-the-board oil production cuts to reduce a glut... Read More

N.S. to announce plan on clear-cutting and other forest practices

N.S. to announce plan on clear-cutting and other forest practices
HALIFAX — Nova Scotians will learn more today about the future of clear-cutting and other forestry practices in the province. The government will release its response to an independent report last August that called for fundamental changes in how trees are harvested, including a reduction in the controversial practice of clearcutting. In the report, University of King’s College president Bill... Read More

Qatar will pull out of OPEC amid tension with Saudi Arabia

Qatar will pull out of OPEC amid tension with Saudi Arabia
DUBAI, United Arab Emirates — The tiny, energy-rich Arab nation of Qatar announced on Monday it will withdraw from OPEC in January, mixing its aspirations to increase production outside of the cartel’s constraints with the politics of slighting the Saudi-dominated group amid the kingdom’s boycott of Doha. The surprise announcement from Qatar’s minister of state for energy affairs, Saad Sherida... Read More

Alberta orders 8.7 per cent oil production cut to help deal with low prices

Alberta orders 8.7 per cent oil production cut to help deal with low prices
EDMONTON — Premier Rachel Notley is ordering a mandatory cut to oil production to deal with a price crisis she says threatens to gut Alberta’s bedrock industry. Notley announced the province will impose across-the-board cuts amounting to 8.7 per cent of output to reduce a growing glut of oil that is forcing Alberta oil to sell at steep discounts compared with the North American... Read More