Canada Heavy Oil Falls to Weakest in 7 Months as Kearl Ramps Up

Canadian heavy oil slid to the weakest level in seven months against the U.S. benchmark grade as Imperial Oil Ltd. (IMO) reported rising production from a new oil-sands project in Alberta.

Nexen Approval Paves Way for More Foreign Deals in Gas

Canada’s approval of two Asian takeovers valued at $20 billion may spark more foreign acquisitions of natural gas producers in the country while capping state-owned control of Alberta’s oil sands.