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. Continue reading
Canada’s largest oil producers are calling on the Alberta government to reward companies that commit to adding crude-by-rail capacity by easing their oil curtailment levels. Continue reading
Genscape says crude-by-rail shipments from Western Canada continued to rise in May after falling in February to a nine-month low. Continue reading
Calgary’s economic outlook has reason for hope, including improving crude prices, increased net migration and infrastructure investments. Continue reading
Lower discounts on western Canadian oil prices have swollen producer coffers in the first three months of the year, but analysts say they don’t expect to see big increases in drilling budgets as companies report results over the coming weeks. Continue reading
Crude-by-rail shipments from Western Canada staged a minor recovery in March after falling in February to their lowest level in nine months, but oil storage levels remain stubbornly high. Continue reading
According to Net Energy Exchange, the difference between bitumen-blend Western Canadian Select and New York-traded West Texas Intermediate was about US$8.25 per barrel on Wednesday. Continue reading
Crude oil prices in Western Canada remained elevated on Wednesday, the day after provincially mandated oil production curtailments came into force, but a government spokesman says it’s too early to say how long the program will remain in place. Continue reading
Oil and gas producer Whitecap Resources Inc. said Tuesday it will choke back spending in the first half of 2019 in view of recent volatility in world and western Canadian oil prices, despite the resulting reduction in average production for the year. Continue reading
A panel of experts says it’s unlikely a dramatic improvement in western Canadian oil prices since Premier Notley announced production curtailments will continue after Jan. 1. Continue reading