WTI
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As oil prices dip, critics warn Alberta could lose its budget surplusIn its latest budget, the government projected the price of West Texas Intermediate (WTI) to average US $79 per barrel.EconomyJun 28, 2023
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Fill up now, analyst says, as gas prices are likely to jump soon in SaskatchewanThere's more than the coming holidays raising spirits in Saskatchewan. Gas prices are at their lowest since early 2022. But one analyst says that trend could soon change.CanadaDec 16, 2022
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Alberta gas prices at standstill, while other major Canadian cities see price dropSeveral large metropolitan cities across Canada saw a drop in gas prices heading into the weekend but that wasn't the case in Alberta.ConsumerOct 16, 2022
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Albertans to see tax hike on gas prices Oct. 1Retailers have been told by the UCP government to begin collecting 4.5 cents per litre in provincial fuel taxes as the average closing price of WTI has fallen below $90 per barrel.ConsumerSep 22, 2022
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As oil prices fall, what happens to Alberta’s gas tax relief plan?Alberta's current gas tax relief plan is tied to the price of oil. For the relief to be changed, the price of WTI would need to average below $90 USD for the entire quarter.ConsumerAug 5, 2022
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Oil industry still recovering 1 year after commodity’s historic freefall into negative pricing territoryOn 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.EconomyApr 21, 2021
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What do negative oil prices mean for Alberta and Canada’s economy?Canada's energy sector needs help, but that doesn't mean bailing out oil and gas compaies, two economists argue.MoneyApr 23, 2020
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Stocks drop as U.S. crude oil futures prices turn negative for the first time in historyCrude oil sellers were offering buyers $37 a barrel.MoneyApr 20, 2020
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U.S. oil prices tumble to 20-year low, threatening stock rallySome global storage facilities are nearing capacity suggesting a lingering oversupply problem despite deep cuts by major oil-producing countries.MoneyApr 20, 2020
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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
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