Canadian Oil Prices

• One year after crude turned negative, oilpatch relishes first quarter profit outlook

  WTI daily spot prices have averaged US$60.46 per barrel so far in the second quarter, up from US$58.13 in the first quarter.

  Economy

  Apr 18, 2021
  
• 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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• Canadian oil prices to improve, curtailment to end in 2020: forecast

  Curtailment has done its job to help Alberta oil prices and the latter half of 2020 should see Canada's oil and gas industry improve, according to Deloitte.

  Economy

  Jan 7, 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
• Oilsands producer CNRL raises dividend, reports fourth quarter loss

  Canadian Natural Resources lost $776 million in the fourth quarter, compared with a profit of $396 million a year earlier.

  Canada

  Mar 7, 2019
• Calgary Stampede canvas auction sees high bids as oilpatch optimism picks up

  The event is considered a bellwether for the health of the Canadian oilpatch headquartered in Calgary.

  Economy

  Mar 22, 2018