West Texas Intermediate

• Alberta’s economy hardest hit of all Canadian provinces in 2020 due to COVID-19 pandemic

  Numbers released this week show Alberta's GDP shrank 8.2 per cent in 2020 — Quebec and Newfoundland and Labrador were the next hardest hit with economic retreats of 5.3 percent.

  Economy

  May 4
• Oil industry still recovering 1 year after commodity’s historic freefall into negative pricing territory

  On Tuesday, the CEO of an Edmonton-based oilfield service company reflected on the day he saw U.S. crude oil futures turn negative for the first time in history.

  Economy

  Apr 21
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• Oilpatch optimism expected to rise as difficult second quarter finally ends: analysts

  Analysts say a rebound in oil prices as consumer demand for gasoline rises will buoy energy companies as they give quarterly results starting next week.

  Canada

  Jul 14, 2020
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• Canadian energy sector shutting down production as low crude oil prices persist

  Calgary-based energy companies are continuing to reduce production, cut spending and trim costs as volatile oil prices remain stubbornly below profitable levels.

  Economy

  Apr 22, 2020
• Plunging oil prices point to ‘deep collapse’ in sector, drilling firm CEO warns

  The CEO of one of Canada's largest drilling rig contractors says plunging North American crude prices on Monday and Tuesday are signs that the oil industry is headed for a "deep, deep collapse."

  Apr 21, 2020
• Coronavirus: Oil prices drop below zero as Saskatchewan companies slash budgets

  The price of a barrel of oil cost less than zero dollars for the first time ever. USask political scientist Greg Poelzer says it means an economic depression is imminent.

  Canada

  Apr 20, 2020
• 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
• 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
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• Stocks drop as U.S. crude oil futures prices turn negative for the first time in history

  Crude oil sellers were offering buyers $37 a barrel.

  Money

  Apr 20, 2020
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• Alberta oil sector hopeful as OPEC, allies agree to production cuts

  Following dispute between Saudi Arabia and Russia in March, OPEC ramped up production. As a result, commodity prices collapsed.

  Apr 9, 2020