“Oil markets are poised to get worse before they get better, ushering in a new era for petroleum,” U.S.-based Citi Bank said in a recent note to its clients.
The global COVID-19 pandemic is spelling trouble for Newfoundland and Labrador's oil and gas industry, adding to existing economic challenges in the cash-strapped province.
World oil prices are in free fall after Saudi Arabia slashed its crude sale price Sunday, signalling the start of a price war after OPEC talks with Russia broke down without an agreement on production cuts.
Funding available for service stations, convenience stores and car washes The Government of Canada is putting more buzz into the country’s zero-emission infrastructure with a new program (launched February 2020) that puts cash in the hands of facility site developers.
