Oil Price Differential

• Narrowed price discount for oilsands bitumen should boost cash flows in Q2: Analysts

  Analysts say a dramatic narrowing in the price discount for western Canadian heavy crude last quarter should mean healthy profits for oilsands producers.

  Canada

  Jul 25, 2023
  
• Oil prices, tax income keep Alberta Q1 revenue in line with last year

  The province says it brought in $13.4 billion from April to June — almost identical to the number in 2018.

  Economy

  Aug 27, 2019
  
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• Suncor calls for early end to Alberta oil production cuts, cites crude-by-rail woes

  CEO Steve Williams says the program designed to draw down crude storage and free up space on export pipelines has worked too well.

  Canada

  Feb 6, 2019
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• CNRL says oil curtailment adjustment will keep ECHO pipeline going and save Alberta jobs

  Workers in eastern Alberta are breathing a sigh of relief Friday after CNRL said the province easing the oil production cap means it can keep the ECHO pipeline running.

  Economy

  Feb 1, 2019
• Alberta eases oil production cap by 75K barrels per day

  The Alberta government announced Wednesday it was increasing the oil production curtailment limit for February and March to 3.63 million barrels a day.

  Economy

  Jan 30, 2019
• Canadian energy firms’ financial results expected to reflect extreme Q4 oil price volatility

  Fourth-quarter results from Canada's biggest oil and gas companies will likely feature some surprises, as well as revisions to forward plans, given extreme volatility in commodity prices in the last three months of 2018, financial analysts say.

  Money

  Jan 28, 2019
• Premier Notley encouraged by industry interest in building new Alberta refinery

  Alberta Premier Rachel Notley says her government has met with about a dozen companies about potentially building a new oil refinery.

  Economy

  Jan 28, 2019
• Concerns grow over low Alberta business confidence

  As 2018 wraps up, the province is touting a strong recovery, but not everyone is believing the mixed messages about an economic rebound.

  Economy

  Dec 28, 2018
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• Production exceeding Canada’s pipeline capacity is ‘primary factor’ in oil price differential: NEB report

  A new report from the National Energy Board says the "primary factor'' in recent steep discounts on western Canadian crude is that oil production outstripped export pipeline capacity by about 365,000 barrels per day.

  Economy

  Dec 27, 2018
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• Nisku truck convoy and pro-pipeline rally ‘way bigger than expected’: organizer

  A 22-kilometre long truck convoy made its way through the Nisku industrial area, where many oil and gas companies have been affected by the low price of Alberta crude.

  Economy

  Dec 19, 2018