December 6, 2018, 10:39 AM MST
December 6, 2018, 10:08 AM MST
December 5, 2018, 6:52 AM MST
The Net Energy Inc. differential between West Texas Intermediate (WTI) and Western Canada Select (WCS) narrowed in November to average US$38.26, down from a record $44.80 in October but still the second highest on recorded going back to January 2011.
December 4, 2018, 6:55 AM MST
After languishing in the teens for the past few weeks, the implied price of Western Canada Select (WCS) for January delivery has surged over the past three trading sessions, closing at $28 on Dec. 3, 2018.
December 4, 2018, 7:15 AM MST
The Alberta government is mandating a short-term reduction in oil production.
December 3, 2018, 3:20 AM MST
The Alberta government is forecasting higher non-renewable resource revenue than budgeted for 2018/2019, although it noted in a fiscal Q2 update this morning that the differential crisis is weighing on the economic outlook.
November 30, 2018, 11:03 AM MST
November 30, 2018, 10:28 AM MST
November 30, 2018, 4:05 AM MST
For the remainder of 2018, Pengrowth Energy Corporation’s market access strategy includes two apportionment protected fixed differential contracts for dilbit with refiners.
November 29, 2018, 5:28 AM MST
Bonterra Energy Corp. announced it is lowering its monthly dividend to one cent per share commencing with the November 2018 dividend payable Dec. 31, 2018.
November 29, 2018, 5:37 AM MST
The massive price discount on Canadian crude is not just a “Calgary problem” but also a challenge for the entire country, federal Finance Minister Bill Morneau said Tuesday afternoon, although as with the prime minister last week, he offered no short- or medium-term fix.
November 28, 2018, 3:15 AM MST
The current oil price differentials are impacting the Canadian oil and natural gas industry in unprecedented ways. The price of Western Canadian Select (“WCS”) hit a recent low in the second half of 2018, dipping below US$14 per bbl.
November 28, 2018, 7:21 AM MST
Explorers and Producers Association of Canada (EPAC) members currently estimate more than 150,000 bbls of oil production in Alberta has been shut-in due to the uneconomic price environment, with a significant amount of additional oil production to be shut-in if the current price differential environment persists for an extended period of time.
November 27, 2018, 8:24 AM MST
November 27, 2018, 7:06 AM MST
November 26, 2018, 9:07 AM MST
If the federal government isn’t prepared to help the Alberta government buy rail cars to help get oil to market, the province is prepared to go it on its own, Alberta Premier Rachel Notley said Thursday.
November 23, 2018, 3:33 AM MST
November 23, 2018, 11:04 AM MST
A correction in international benchmark crude prices turned to an historic rout with the market caught flatfooted early this month by the Trump administration’s announcement of waivers on reintroduced U.S. economic sanctions for eight significant purchasers of Iranian oil.
November 19, 2018, 7:35 AM MST
November 16, 2018, 3:22 AM MST
The implied value of Western Canadian Select (WCS) closed below $14 on Thursday.
November 16, 2018, 3:29 AM MST
November 16, 2018, 3:37 AM MST
November 15, 2018, 3:53 AM MST
November 15, 2018, 9:18 AM MST
While the historically-wide differentials witnessed recently between Western Canada Select (WCS) and West Texas Intermediate (WTI) have begun to narrow in recent days, tanking benchmark crude prices are putting further hurt on Canadian producers.
November 14, 2018, 6:37 AM MST