Edmonton gas prices spike to $1.27 per litre
The price of gas jumped by 10 cents to $1.26 or $1.27 a litre overnight at many stations around the city. Continue reading
Oil Prices
Oil industry expected to return to profitability in 2018 after 3 years of losses
Canada’s oil industry is expected to be back in the black this year thanks to higher oil prices and more production after registering three years of losses. Continue reading
Interest rate hikes to hit Alberta harder than elsewhere: RBC
Alberta will be the province that is hardest hit by rising interest rates, an analysis done by RBC suggests. Continue reading
Canadian light oil prices hit with same discounts afflicting oilsands prices
The same factors that have inflated the discount paid for Canadian oilsands heavy crude compared with U.S. oil are also driving a substantial rise in the discount for light Canadian oil, according to a report Tuesday. Continue reading
Court decision allows Connacher to seek bidders for its oilsands assets
Oilsands producer Connacher Oil and Gas Ltd. has won court approval for a process to find a buyer or investor that could allow it to emerge from Companies’ Creditors Arrangement Act protection after nearly two years. Continue reading
Alberta deficit would be $3B this year if NDP followed PCs’ 2015 budget plan: Fraser Institute
Alberta’s deficit would be less than half of what it is right now had Albertans elected a Progressive Conservative government rather than an NDP government, a Canadian public policy think tank concludes in a new study. Continue reading
Alberta Budget 2018: How Joe Ceci has handled the books to this point
By Tom Vernon Provincial Affairs Reporter
When Joe Ceci tabled his first budget in October 2015, total revenue stood at $42.5 billion, down $7 billion from the year before, almost all of that due to lost royalty revenue. Continue reading
Price of shipping Alberta oilsands crude by rail going up, producers to feel impact: report
Discounts for western Canadian oilsands crude will remain high as railroads crank up their crude-by-rail rates in return for adding locomotives and crews to the transport constrained sector, according to an energy analyst’s report published Tuesday. Continue reading
Calgary-based Suncor hikes dividend as 4th quarter funds from operations hit $3B record
Suncor Energy Inc. is making good on its promise to return cash to shareholders, announcing a 12.5 per cent increase to its dividend as it reports fourth-quarter income that beat analyst expectations. Continue reading
Danielle Smith: Pipeline protestors to cost Alberta treasury at least $2.5B in 2018
David Yager, an energy analyst with Yager Management Ltd, suggests anti-pipeline protesters are costing Albertans billions of dollars in lost revenue. Continue reading
