Energy
 

October 31, 2020

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

BLAIR GABLE/Reuters

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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Electricity rates set to rise in Ontario this weekend as pandemic measures end
 
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Chevron and Exxon reduce spending as coronavirus cuts oil demand
 
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  Imperial Oil reports small profit as Kearl oil sands project recovers from outage
 
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#HelpZeroCanada
 
Find articles and insight to help you navigate everything from working remotely and learning online, to maintaining your health and fitness routine and managing your personal finances. Any way we can help Canadians feel more secure, less anxious and more optimistic in this time will help get Canada to zero.
 
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