Canada’s Crude Oil Production Falls Nearly 19% Since January Amid Pandemic
It appears that Canada’s oil industry has been hit significantly hard by the severe implications stemming from the coronavirus pandemic.
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Oil
Second Quarter Revenues Plunge for Canadian Oil Companies Amid Pandemic
As second quarter financial results come pouring in and giving insight into the true economic toll of the coronavirus pandemic,
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Alberta’s Oil Sands Suffer Further Blow as French Firm Total S.A. Writes Off $9.3 Billion in Assets
It appears that Canada’s oil sands have been dealt an even further flow amid the current economic turmoil in global
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Oil Sands Production Expected to Decline by Most on Record in 2020, Rebound to Follow After Coronavirus Slump
Alberta’s oil sands have not been faring too well during the pandemic, as low oil prices and reduced demand have
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Deutsche Bank Cuts Financing to New Oil Sands and Arctic Region Projects In Further Blow To Oil Industry
The coronavirus-induced oil price crash has caused the industry as a whole to suffer unprecedented setbacks, with a recovery slipping
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OPEC And Russia To Begin Easing Historic Supply Cuts in August
With the slight rebound in demand for oil, OPEC+ has decided to unwind some of its supply cuts which were
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Rebound in Oil Demand Remains at Risk of Coronavirus Resurgence
As the global demand for oil dried up significantly during the height of the pandemic, oil prices crashed and many
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Supertanker Rates Plummet as Lack of Crude Oil Demand Continues
The coronavirus pandemic has had a profound effect on global markets, nearly collapsing entire industries amid sudden shifts to disequilibriums.
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America’s Second Largest Shale Producer Chesapeake Energy Files for Bankruptcy Amid Oil Market Slump
As the demand for crude oil continues to remain low and inventories pile up amid the coronavirus pandemic, many oil
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Demand for US Oil Could Collapse Once Again as Threat of Second Coronavirus Wave Becomes Imminent
The demand for US oil hit a disastrous low during the onset of the coronavirus pandemic, as government-mandated economic lockdowns
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