The challenges and struggles faced by the Canadian oil and gas sector continue to filter down and impact the national economy, the Bank of Canada (BoC) noted in its quarterly Monetary Policy Report (MPR) released last week.
January 14, 2019, 8:21 AM MST
January 14, 2019, 11:10 AM MST
The discount between Western Canadian Select (WCS) and West Texas Intermediate (WTI) futures continues to narrow, hitting US$7.85/bbl on Thursday.
January 11, 2019, 11:08 AM MST
January 9, 2019, 11:26 AM MST
January 9, 2019, 11:31 AM MST
January 9, 2019, 10:29 AM MST
January 7, 2019, 9:48 AM MST
The active rig count in Western Canada surged this week after falling below 100 during the holiday period, but it is starting the year at a much lower active rate when compared to the two previous new years.
January 4, 2019, 8:03 AM MST
January 4, 2019, 11:31 AM MST
January 4, 2019, 11:28 AM MST
The Net Energy Inc. differential between West Texas Intermediate (WTI) and Western Canada Select (WCS) narrowed substantially in December narrowing 56.87 per cent to average US$16.50/bbl, down from $38.26 in November.
January 3, 2019, 8:56 AM MST
The following charts show AECO and NYMEX natural gas prices, and the implied value of Western Canada Select (WCS) and the differential from West Texas Intermediate (WTI).
January 3, 2019, 7:26 AM MST
January 3, 2019, 10:41 AM MST
January 2, 2019, 9:59 AM MST
December 31, 2018, 11:49 AM MST
December 31, 2018, 9:12 AM MST
December 31, 2018, 9:54 AM MST
December 28, 2018, 10:26 AM MST
December 24, 2018, 9:39 AM MST
December 20, 2018, 8:14 AM MST
December 20, 2018, 11:26 AM MST
December 19, 2018, 10:47 AM MST
December 17, 2018, 11:35 AM MST
December 14, 2018, 7:43 AM MST
Alberta Premier Rachel Notley says mandatory production curtailments which come into effect Jan. 1 have helped shrink differentials for heavy oil but can’t be deemed a true success until the glut is reduced and the market cleared.
December 12, 2018, 10:31 AM MST