Alberta
OPEC+ chooses market share over stability, and Canada will pay
This article supplied by Troy Media.
OPEC+ output hike could sink prices, blow an even bigger hole in Alberta’s budget and drag Canada’s economy down with it
OPEC and its allies are flooding the global oil market again, betting that regaining lost market share is worth the risk of triggering a price collapse.
On Sept. 7, eight of its leading members agreed to boost production by 137,000 barrels per day beginning in October. That move, taken more than a year ahead of schedule, marks the start of a second major unwind of previous output cuts, even as warnings of a supply glut grow. OPEC+, a coalition led by Saudi Arabia and Russia, coordinates oil production targets in an effort to influence global pricing.
This isn’t oil politics in a vacuum. It’s a direct blow to Alberta’s finances, and a growing threat to Canada’s economic stability.
Canada’s broader economy depends heavily on a strong oil and gas sector, but no province is more directly reliant on resource royalties than Alberta, where oil revenues fund everything from hospitals to schools.
The province is already forecasting a $6.5-billion deficit by spring. A further slide in oil prices would deepen that gap, threatening everything from vital programs to jobs. Every drop in the benchmark West Texas Intermediate price, currently averaging around US$64, is estimated to wipe out another $750 million in annual revenue.
When Alberta’s finances falter, the ripple effects spread across the country. Equalization transfers from Ottawa to have-not provinces decline. Private investment dries up. Energy-sector jobs vanish not just in Alberta, but in supplier and service industries nationwide. Even the Canadian dollar takes a hit, reflecting reduced confidence in one of the country’s key economic engines. When Alberta stumbles, Canada’s broader economic momentum slows with it.
The timing couldn’t be crueller. October marks the end of the summer driving season, typically a lull for fuel demand. Yet extra supply is about to hit a market already leaning bearish. Oil prices have dropped roughly 15 per cent this year; Brent crude is treading just above US$65, still well beneath April’s lows.
But OPEC+ isn’t alone in raising the taps. Non-OPEC producers in Brazil, Canada, Guyana and Norway are all increasing production. The International Energy Agency warns global supply could exceed demand by as much as 500,000 barrels per day.
The market is bracing for a sustained price war. Alberta is staring down the barrel.
OPEC+ claims it’s playing the long game to reclaim market share. But gambling on long-term gains at the cost of short-term pain is reckless, especially for Alberta. The province faces immediate financial consequences: revenue losses, tougher budget decisions and diminished policy flexibility.
To make matters worse, U.S. forecasts are underwhelming, with an unexpected 2.4-million-barrel build in inventories. U.S. production remains at record highs above 13.5 million barrels per day, and refinery margins are shrinking. The signal is clear: demand isn’t coming back fast enough to absorb growing supply.
OPEC+ may think it’s posturing strategically. But for Canada, starting with Alberta, the fallout is real and immediate. It’s not just a market turn. It’s a warning blast. And the consequences? Jobs lost, public services cut and fiscal strain for months ahead.
Canada can’t direct OPEC. But it can brace for the fallout—and plan accordingly.
Toronto-based Rashid Husain Syed is a highly regarded analyst specializing in energy and politics, particularly in the Middle East. In addition to his contributions to local and international newspapers, Rashid frequently lends his expertise as a speaker at global conferences. Organizations such as the Department of Energy in Washington and the International Energy Agency in Paris have sought his insights on global energy matters.
Troy Media empowers Canadian community news outlets by providing independent, insightful analysis and commentary. Our mission is to support local media in helping Canadians stay informed and engaged by delivering reliable content that strengthens community connections and deepens understanding across the country
Alberta’s government is engaging with Albertans on increasing speed limits on rural highways.
Starting Nov. 7, Albertans can share their views on modernizing speed limits on divided highways through an online survey running until Dec. 12. The survey will ask how Albertans view raising the speed limit by 10 km/h on various highways from 110 km/h to 120 km/h.
“Alberta’s government is investigating how to safely increase speed limits on divided highways, and if Albertans support increasing speed limits. We are investing more than $1.5 billion this year alone to improve highway safety and upgrade infrastructure across the province. We want Albertans to be able to drive the speed limit that the highways are designed for. Modern vehicles combined with public awareness mean we can explore higher speed limits.”
The survey will provide Albertans with the opportunity to provide input on which highways they would prioritize having a speed limit increase, their views on restricting commercial trucks from using the far-left lane on highways with three or more lanes and any other feedback that would improve driving experiences on provincial highways.
Following a review of the survey results, Alberta’s government plans to conduct a mini-trial of a 120 km/h speed limit to assess the impacts of higher speed limits on divided highways. The trial will include strong monitoring to assess driving behaviour.
Alberta’s government reminds motorists to slow down and drive to the conditions. Speed limits are set for ideal conditions. When roads are wet, icy or when there is reduced visibility, motorists should slow down.
Quick facts
- Alberta’s provincial highway network includes more than 64,000 lane kilometres of highways, about 11,700 lane kilometres of which are divided.
- The posted speed limits of Alberta’s divided highways range from 100 to 110 km/h, although the posted speed limits on segments passing through cities, towns and First Nation lands can be as low as 50 km/h due to factors such as signalized intersections, pedestrians and local access.
Related information
- The survey is available online.
A new Class Size and Complexity Cabinet Committee has been struck to address classroom challenges.
Taking action on class size and complexity
Classrooms in Alberta continue to grow and are becoming increasingly complex, and immediate action is needed to address these issues in the public education system. To meet these issues head on, the Class Size and Complexity Cabinet Committee has been created. The cabinet committee will help guide government policy and deploy resources to deal with class sizes and classroom complexity.
“We are committed to providing world-class education, and we’re building schools and funding education at a rate unprecedented in this province. This committee will help us address the concerns of teachers, parents and students around class sizes and complexity.”
Throughout November, Alberta’s government will continue work with school boards to collect data on class sizes and classroom composition. The cabinet committee will use this data to direct resources to the classrooms that need it the most. Starting in January, this data will be made available and released annually.
The Class Size and Complexity Cabinet Committee will be co-chaired by the Premier of Alberta and the Minister of Education and Childcare. It will also include non-voting members representing school boards, administrators and a teacher representative of the ATA. The committee will also hear from school boards, academic experts, teachers, educational assistants, complex needs specialists and parents to inform its decisions and guide this vital work.
“We heard teacher concerns, and we are providing solutions. The Class Size and Complexity Cabinet Committee will help us take immediate action and ensure teachers and students are given the support they need to succeed.”
In June 2025, Alberta’s government established the Aggression and Complexity in Schools Action Team to provide advice on addressing classroom complexity. The report has been received and will be released soon. Over the coming months, the cabinet committee will start rolling out solutions informed by the action team’s recommendations. In addition, the committee will guide the creation of a new inclusive education policy framework.
“The work of this committee will support teachers in responding to the growing complexity in our classrooms. We will ensure that the voices of the contributors to the initial work guide
solutions that truly improve the educational experience for students and the educators who serve them.”
“I appreciate the government’s recognition of the impact of classroom complexity and their commitment to working collaboratively for improvement. Supporting teachers ultimately improves classroom conditions and student outcomes.”
Using data collected, this cabinet committee will also guide Alberta’s government in executing its commitment to hire 3,000 new teachers and 1,500 new educational assistants over the next three years. They will also assist in identifying and prioritizing where new schools and modulars should be built, advancing the government’s commitment to invest $8.6 billion to build 130 new schools, and provide 109 modular classrooms in the growing communities that need them urgently.
Quick facts
- Members of the Class Size and Complexity Cabinet Committee include:
- Danielle Smith, Premier of Alberta
- Demetrios Nicolaides, Minister of Education and Childcare
- Jason Nixon, Minister of Assisted Living and Social Services
- Rick Wilson, Minister of Mental Health and Addiction
- Searle Turton, Minister of Child and Family Services
- Lynnette Anderson, chief superintendent, Edmonton Catholic Schools
- Nicole Buchanan, chair, Red Deer Public Schools
- Marilyn Dennis, former president of Alberta School Boards Association
- Mike McMann, superintendent, Fort Vermilion Schools and President, College of Alberta School Superintendents
- Joanne Pitman, chief superintendent, Calgary Board of Education
- Dr. Elissa Corsi, Alberta Teachers’ Association
- Only Cabinet members are voting members. Additional guests will be invited to attend and share their expertise at the discretion of the chairs.
- School boards will be required to submit data on Alberta classrooms by Nov. 24.
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