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Oil drilling rig, tanghai county of hebei province oil fields in China

Cap spending was $27 billion in 2021, down from $81 billion in 2014. Cancelled pipeline projects are among the reasons many now see Canadian oil and gas as a ‘difficult place to invest’

Oil field oil workers at work

Rebound to push oil appetite above pre-pandemic levels, Moody's says

Double exposure of businesswoman in hipster shirt and wearing glasses working with tablet and oil and gas refinery industry plant in the night as Energy and Technology concept

Prices have recovered after a slide in late November when the new variant emerged

Oil drilling rig, tanghai county of hebei province oil fields in China

Canadian crude oil production is expected to peak at 5.8 million barrels per day in 2032 and then slowly decline

Double exposure of businesswoman in hipster shirt and wearing glasses working with tablet and oil and gas refinery industry plant in the night as Energy and Technology concept

Steady monthly increases in oil releases will continue

Oil drilling rig, tanghai county of hebei province oil fields in China

The pandemic, production constraints and a shift to renewables complicate the outlook

Oil field oil workers at work

Governments must be 'thoughtful' about the pace and scale of the clean energy transition, Al Monaco noted

Oil drilling rig, tanghai county of hebei province oil fields in China

With oil production constrained, rising demand may boost prices

Oil field oil workers at work

The decision comes amid stronger demand for oil products like gasoline and jet fuel

Oil drilling rig, tanghai county of hebei province oil fields in China

The transition to a low-carbon economy poses a competitive threat and opportunity, Moody's says