West Texas Intermediate

• Premier Smith says lower-than-forecast oil prices could mean Alberta budget deficit

  Danielle Smith said a budget surplus is dependent on West Texas Intermediate oil prices averaging US$74 per barrel, but the price this week has been around US$68 per barrel.

  Politics

  Oct 29
  
• New Year’s return of Alberta gas tax limited to 9 cents per litre

  After a year of not having to pay provincial fuel taxes at the pumps, Albertans will be paying nine cents more for gasoline and diesel.

  Canada

  Dec 19, 2023
  
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• As oil prices dip, critics warn Alberta could lose its budget surplus

  In its latest budget, the government projected the price of West Texas Intermediate (WTI) to average US $79 per barrel.

  Economy

  Jun 28, 2023
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• Price discount for Canadian oil widened in October; experts see weakness until 2023

  Oil 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.

  Canada

  Oct 21, 2022
• Albertans to see tax hike on gas prices Oct. 1

  Retailers 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.

  Consumer

  Sep 22, 2022
• Gas prices continue rising despite dip in crude oil price

  Analysts say lower crude oil prices are good news for drivers, but will only serve to slow the rate of increase at the pumps.

  Economy

  Mar 10, 2022
• 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
• Pain at the pumps: Gas prices breaking records as crude oil tops US$90 a barrel

  There is more pain at the pumps for Canadian drivers this week as gasoline prices climb to new record highs.

  Consumer

  Feb 4, 2022
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• Alberta predicts smaller $5.8B deficit because of rising energy prices: Q2 budget update

  Finance 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.

  Money

  Nov 30, 2021
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• Shortage of rig workers could slow Canadian oilpatch recovery, industry warns

  Experienced 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.

  Economy

  Oct 13, 2021