West Texas Intermediate
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New Year’s return of Alberta gas tax limited to 9 cents per litreAfter a year of not having to pay provincial fuel taxes at the pumps, Albertans will be paying nine cents more for gasoline and diesel.CanadaDec 19, 2023
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As oil prices dip, critics warn Alberta could lose its budget surplusIn its latest budget, the government projected the price of West Texas Intermediate (WTI) to average US $79 per barrel.EconomyJun 28, 2023
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Price discount for Canadian oil widened in October; experts see weakness until 2023Oil from Western Canada is once again trading at a significant discount compared to global prices, and some experts say recovery isn't expected until later in 2023.CanadaOct 21, 2022
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Albertans to see tax hike on gas prices Oct. 1Retailers have been told by the UCP government to begin collecting 4.5 cents per litre in provincial fuel taxes as the average closing price of WTI has fallen below $90 per barrel.ConsumerSep 22, 2022
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Gas prices continue rising despite dip in crude oil priceAnalysts say lower crude oil prices are good news for drivers, but will only serve to slow the rate of increase at the pumps.EconomyMar 10, 2022
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MEG chief executive sees ‘tremendous demand’ for Alberta oil due to UkraineThe chief executive of MEG Energy Corp. sees "tremendous demand" for Alberta oil due to the war in Ukraine and a European energy crisis as the WCS-WTI differential shrinks.EconomyMar 4, 2022
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Pain at the pumps: Gas prices breaking records as crude oil tops US$90 a barrelThere is more pain at the pumps for Canadian drivers this week as gasoline prices climb to new record highs.ConsumerFeb 4, 2022
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Alberta predicts smaller $5.8B deficit because of rising energy prices: Q2 budget updateFinance Minister Travis Toews says the deficit is now expected to be $5.8 billion when the government closes the books on the 2021 fiscal year next March 31.MoneyNov 30, 2021
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Shortage of rig workers could slow Canadian oilpatch recovery, industry warnsExperienced energy workers who left due to the pandemic or an oil price crash-related layoff aren't necessarily going to be enticed back by a paycheque, said an industry insider.EconomyOct 13, 2021
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US$100 oil possible this winter, experts sayThe return of travel and the easing of pandemic restrictions around the globe has sent demand for oil skyrocketing. Oil prices are already at seven-year highs.CanadaOct 4, 2021
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