The Automatic Price Mechanism committee took the decision, at its last meeting held on Tuesday, to raise the prices of fuel. Petrol and heavy oil are raised by 7.5% and diesel reckons a surge of 2.74% at retail. For full story, click here
The Cabinet of Ministers ordered the Fuel Ministry and Industrial Policy Ministry to enforce a switch by industrial and heating plants to heavy oil instead of gas wherever they can, and simplified the procedure for purchase of heavy oil. For full story, click here
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Canada: Upgrader is going up later than usual this week because of the Canadian Federal Election and the American Presidential debate. Now that these two events are a matter of record, there is much good news for the heavy oil and oil sands industries. First, [...]
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