Western Canadian Select

• Suncor inks deal with French company that will expand bitumen production capacity

  TotalEnergies had announced last year it planned to exit the Canadian oilsands by spinning off TotalEnergies EP Canada, but said it decided to sell the operations instead.

  Canada

  Apr 27, 2023
  
• MEG chief executive sees ‘tremendous demand’ for Alberta oil due to Ukraine

  The 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.

  Economy

  Mar 4, 2022
  
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• Oil prices are in the negative: COVID-19 rules to stay home played a huge part

  As oil prices dropped to unprecedented negative levels Monday, experts say it's the result of an oversupply problem due to COVID-19 stay-at-home orders.

  Economy

  Apr 20, 2020
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• How does Western Canadian Select oil pricing work?

  Western Canadian Select is a crude oil blend created with oilsands bitumen in Hardisty, Alta. and experts say its price is based on a complicated formula.

  Economy

  Apr 20, 2020
• Despite OPEC agreement, Canadian oilpatch cutbacks expected to continue

  Energy market analysts say Canadian oil wells will likely continue to be shut down amid weak prices despite an agreement to limit output struck by OPEC and other major producers on the weekend.

  Canada

  Apr 13, 2020
• Alberta oilsands struggling as Western Canadian Select plunges to $5 per barrel

  Western Canadian Select closed at US$5.29 on Wednesday.

  Canada

  Apr 1, 2020
• Oil price crash expected to hit thermal oilsands production in Western Canada

  An oil and gas analyst says record low prices for oilsands crude could lead to up to 20 per cent of Canada's thermal bitumen production being shut down over the next few months.

  Economy

  Mar 27, 2020
• Producers advised to spend nothing on drilling as oil price hovers at US$25 amid COVID-19 pandemic

  World oil prices have fallen so low that Canadian producers are being advised not to spend any money on drilling and, in some cases, to stop producing crude oil from existing wells.

  Canada

  Mar 19, 2020
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• Cenovus ramps crude-by-rail volumes to 120,000 bpd without provincial contracts

  Crude-by-rail shipments by oilsands producer Cenovus Energy Inc. jumped to 120,000 barrels per day in January from 106,000 in December.

  Canada

  Feb 12, 2020
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• Producers still cautious despite higher Q2 expectations on stronger oil prices

  Higher oil prices are expected to boost cash flow for the large Canadian crude producers but analysts say the extra money is unlikely to be added to growth budgets.

  Money

  Jul 15, 2019