Cenovus Energy Inc. reported a $1.36-billion loss in its latest quarter as it faced deep discounts for Western Canadian Select oil. 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 →

Husky Energy said it plans to spend approximately $3.4 billion on its capital expenditures next year, about $300 million less than it forecast in May, partly due to Alberta oil production cuts and lower global prices. 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 →

Prices for western Canadian oil continued to strengthen on Friday as markets adjusted to a plan by the Alberta government to eliminate a glut of oil that has plagued producers for months. Continue reading →

Oil production cuts will have the desired outcome of reducing steep discounts on Alberta oil — but it will also create winners and losers, according to financial analysts. Continue reading →

Shares in oilsands companies most likely to benefit from Alberta’s move to curtail oil production are soaring in the wake of Sunday’s announcement by Premier Rachel Notley. Continue reading →

Suncor Energy says it’s assessing the impact of the Alberta government’s move to curtail oil production by 8.7 per cent next year. Continue reading →