ANKARA/DUBAI – Iran on Wednesday stopped short of offering to restrain oil output included in a worldwide pact to freeze production to support prices, because it wants to recapture the market share it lost during years of sanctions. Sure, the Doha deal is flawed, but here’s why it could really make a difference to grease prices Oil ministers from Saudi ...

With Ontario’s 2016 budget set to land in a few days, all eyes are on how the province plans to balance the remaining $7.5-billion deficit after next fiscal year. But a brand new report is providing a different narrative, in hindsight at how the provincial deficit ballooned to that particular amount in the first place and suggesting it might possess ...

Saudi Arabia and Russia have taken the initial step to stem the slide in oil prices. There’s only one problem: If they’re successful – and that’s a large if – the wildcatters of Texas, Oklahoma and North Dakota are waiting to pounce. With 4,000 wells drilled and merely waiting for better prices to become triggered stream, the so-called fracklog could ...

With the pain sensation of rock-bottom oil prices leaving producers increasingly desperate, Saudi Arabia now agreed in principle with Russia, to freeze oil output at January levels D essentially paying lip service to the notion of price stabilization, given that January’s oil output was near a record high. Riyadh’s tepidness towards shoring up oil prices raises a question: Why are ...

An Ontario Securities Commission study has found “material” insider reporting deficiencies in approximately 70 per cent from the 1,500 issuers reviewed. “Overall, the review discovered that the compliance rate for insider reporting can be substantially improved, and that this improvement must happen across all reporting issuers,” the commission produced in a news release. Approximately 200 reporting insiders filed new insider reports to ...

In the wake of NewLeaf Travel Co.’s failed attempt to launch service recently, Canada Jetlines Ltd. revealed Wednesday intends to go public because it aims to be the first ultra-low-cost airline out of the gate. Jetlines can place around the TSX Venture Exchange inside a reverse takeover of Jet Metal Corp., a junior uranium explorer, with the dpo expected to ...

CALGARY – With one in six people utilized by the gas and oil industry unemployed, the country’s largest drilling association has launched an offer to get the attention of federal and provincial politicians. Canadian Association of Oilwell Drilling Contractors president Mark Scholz said Wednesday that 100,000 people directly and indirectly employed by the gas and oil industry have finally lost ...

TORONTO – Canadian pension funds achieved coming back of 5.4 percent on their own investments in 2015 as their means of diversifying internationally helped mitigate volatile market conditions, research by RBC Investor & Treasury Services showed. The research, which is the industry’s very indepth study of Canadian funds, showed they achieved coming back of 3.1 per cent within the fourth ...