October 31, 2020

Top news
Alberta, Saudi firm in talks to build $5-billion petrochemical plant


Alberta, Saudi firm in talks to build $5-billion petrochemical plant

Emma Graney

Alberta is in talks with a private Saudi Arabian company to open a $5-billion petrochemical facility in the province, according to the associate minister of natural gas.
Premier Jason Kenney has long been critical of Saudi Arabia, repeatedly calling it an unfriendly dictatorship with a state-owned energy company that has no right to dump its oil on North America. Even so, associate minister Dale Nally told The Globe and Mail that petrochemical companies in the country are “looking at other jurisdictions” in which to expand – “and one of those jurisdictions is Alberta.”
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Oil price update
Oil falls on demand concerns, posts second monthly decline

Angus Mordant/Reuters

  Oil falls on demand concerns, posts second monthly decline

Stephanie Kelly

Oil prices fell on Friday and posted a second consecutive monthly drop as rising COVID-19 cases in Europe and the United States heightened concerns over the outlook for fuel consumption.
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