November 3, 2023, 9:10 AM MDT
Oil prices should tick upwards next year as OPEC members manage production to increase their revenues while trying to avoid a price spike that would halt global economic growth, panelists said at the CFA Society Calgary’s 23rd Annual Oil & Gas Forecast Breakfast earlier this week.
November 2, 2023, 8:53 AM MDT
November 2, 2023, 9:14 AM MDT
While the WTI-WCS price spread has widened in recent weeks to the US$25 range, Imperial Oil Limited’s top executive says that with additional egress options on the horizon, he expects differentials will narrow going forward.
October 30, 2023, 6 AM MDT
October 27, 2023, 9:34 AM MDT
While he can’t provide a definitive take currently, a prominent oil and gas analyst thinks the pace of starting up the Trans Mountain Expansion pipeline infill and its eventual operational date may be creating a conundrum for those attempting to get a firm take on West Texas Intermediate (WTI)-Western Canada Select (WCS) differentials entering the new year.
October 19, 2023, 8:32 AM MDT
After steadily being under US$20 over the summer, the West Texas Intermediate (WTI)-Western Canadian Select (WCS) differential has widened considerably the past few weeks.
October 18, 2023, 9:23 AM MDT
October 13, 2023, 10:12 AM MDT
Economic signals generally continue to be a mixed set causing no consensus on the prospects for a recession or growth in 2023 or 2024.
October 11, 2023, 7:17 AM MDT
October 10, 2023, 10:25 AM MDT
October 10, 2023, 12 AM MDT
October 6, 2023, 7:29 AM MDT
The U.S. Energy Information Administration (EIA) says OPEC+ production cuts have driven up sour-heavy crude oil prices around the world, a situation that has resulted in an almost twofold increase in Canadian heavy exports from the Gulf Coast.
October 4, 2023, 6 AM MDT
October 4, 2023, 12 AM MDT
September 29, 2023, 9:21 AM MDT
September 22, 2023, 9:40 AM MDT
September 15, 2023, 10:55 AM MDT
The Alberta government’s non-renewable resource revenue (NRR) for fiscal 2023-24 is now expected to be $17.67 billion, a decrease of $694 million from the Budget 2023 projection of $18.36 billion, the province said in its first quarter fiscal update this morning.
August 31, 2023, 11:13 AM MDT
August 29, 2023, 8:30 AM MDT
August 25, 2023, 9:21 AM MDT
August 18, 2023, 10:55 AM MDT
August 11, 2023, 9:54 AM MDT
Peyto Exploration & Development Corp.’s hedging and market diversification program limited the impact of lower commodity prices in the second quarter of 2023, resulting in the company posting positive financial results.
August 10, 2023, 7:32 AM MDT
NuVista Energy Ltd. produced an average of 71,029 boe/d in the quarter, in line with guidance of 71,000 boe/d following the impact of the wildfires in the Grande Prairie region of Alberta.
August 9, 2023, 6:12 AM MDT
August 4, 2023, 9:25 AM MDT
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