Western Canadian Select
-
MEG chief executive sees ‘tremendous demand’ for Alberta oil due to UkraineThe 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.EconomyMar 4
-
Oil prices are in the negative: COVID-19 rules to stay home played a huge partAs 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.EconomyApr 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.EconomyApr 20, 2020
![]()
-
Despite OPEC agreement, Canadian oilpatch cutbacks expected to continueEnergy market analysts say Canadian oil wells will likely continue to be shut down amid weak prices despite an agreement to limit output struck by OPEC and other major producers on the weekend.CanadaApr 13, 2020
![]()
-
Alberta oilsands struggling as Western Canadian Select plunges to $5 per barrelWestern Canadian Select closed at US$5.29 on Wednesday.CanadaApr 1, 2020
![]()
-
Oil price crash expected to hit thermal oilsands production in Western CanadaAn oil and gas analyst says record low prices for oilsands crude could lead to up to 20 per cent of Canada's thermal bitumen production being shut down over the next few months.EconomyMar 27, 2020
![]()
-
Producers advised to spend nothing on drilling as oil price hovers at US$25 amid COVID-19 pandemicWorld oil prices have fallen so low that Canadian producers are being advised not to spend any money on drilling and, in some cases, to stop producing crude oil from existing wells.CanadaMar 19, 2020
![]()
-
Cenovus ramps crude-by-rail volumes to 120,000 bpd without provincial contractsCrude-by-rail shipments by oilsands producer Cenovus Energy Inc. jumped to 120,000 barrels per day in January from 106,000 in December.CanadaFeb 12, 2020
![]()
-
Producers still cautious despite higher Q2 expectations on stronger oil pricesHigher 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.MoneyJul 15, 2019
![]()
-
Oil producers call for oil curtailment easing in return for rail commitmentsCanada'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.CanadaJul 9, 2019
![]()
