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 →

The Alberta government says it will ease its oil production curtailment program by 25,000 barrels per day in August. 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 →

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 →

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 →