The pain of rock bottom oil prices has become so great that Saudi Arabia, Russia and other OPEC and non-OPEC producers, including potentially the United States and Canada, are considering a coordinated supply cut. Could an agreement be struck? Longer term, should oil producers continue to rely on the 60 year old cartel to prop […]
Just like other businesses across the country, Canadian oil and gas producers are suffering from a loss of demand for their products due to the COVID-19 lockdowns. Responding to the unprecedented business disruption, the Canadian federal government has now announced a 75 percent wage subsidy up to a maximum level. This is welcome news for […]
In big parts of Canada and the United States, people are being asked to stay home to avoid spreading Coronavirus. This week we review the latest information on COVID-19 infection rates and the implications for North American oil demand. With the United States being the only export market for Canadian oil, the rapid collapse of […]
The effects of COVID-19 are reaching all aspects of our day-to-day lives. Stock markets are being hit hard, businesses are closing, and people are staying at home. On this episode we give an update on the rapidly changing situation considering the escalating impacts on the United States and Europe, and implications for oil demand. Amidst […]
