The first quarter of 2023 can be described as a time of consequences. In particular, WTI and Brent prices evolved along trends driven that were generally in existence since 2022. Specifically, the European war, rapidly escalating interest rates, and a long predicted, but still not materialized recession. Gas prices are always dependent on weather, and gas buyers got significant relief due to a warm winter.
April 19, 2023, 6 AM MDT
April 19, 2023, 12 AM MDT
The first quarter of 2023 can be described as a time of consequences. In particular, WTI and Brent prices evolved along trends driven that were generally in existence since 2022. Specifically, the European war, rapidly escalating interest rates, and a long predicted, but still not materialized recession. Gas prices are always dependent on weather, and gas buyers got significant relief due to a warm winter.
April 18, 2023, 6 AM MDT
April 14, 2023, 7:23 AM MDT
North American oil and gas operators reported a major jump in realized hedging losses in 2022 as the Russian invasion of Ukraine and subsequent efforts to curb its production resulted in a major uptick in commodity prices.
April 11, 2023, 6 AM MDT
April 6, 2023, 8:59 AM MDT
Deloitte Canada is expecting only modest improvement in currently weak North American natural gas prices as 2023 unfolds as the factors that have affected the market continue to be in play, the firm said in its latest oil and gas forecast released this morning.
April 5, 2023, 3:26 AM MDT
Canadian natural gas production shifted west from the Alberta Prairies to the northwest Foothills and into the prolific B.C. Montney over the last decade, resulting in transportation bottlenecks getting gas to export market that led to wild AECO price volatility.
April 4, 2023, 7:26 AM MDT
The aftershock of Sunday’s OPEC+ announcement that it would further curtail crude output by more than one million bbls/d threw the oil market into unexpected upward flux Monday, as both West Texas Intermediate (WTI) and Brent gained more than six per cent on the news.
April 4, 2023, 11:03 AM MDT
Starting today, the Daily Oil Bulletin is partnering with One Exchange to continue to provide relevant pricing data.
April 3, 2023, 6 AM MDT
April 3, 2023, 12 AM MDT
April 3, 2023, 10:27 AM MDT
The CanOils Consolidated Crude Index (CCI) that provides pricing information for Canadian crude will be discontinued on March 31, 2023.
March 31, 2023, 6 AM MDT
March 31, 2023, 9:52 AM MDT
March 31, 2023, 12 AM MDT
The CanOils Consolidated Crude Index (CCI) that provides pricing information for Canadian crude will be discontinued on March 31, 2023.
March 30, 2023, 12 AM MDT
While the current and persistent weakness in North American natural gas prices continues, top executives in both the western Canadian exploration and production (E&P) and service sector spaces remain confident on the outlook for the commodity.
March 27, 2023, 6 AM MDT
Saskatchewan's oil well drilling and production continues to grow back to pre-pandemic levels, the government reported in its annual budget tabled this week.
March 24, 2023, 9:37 AM MDT
March 24, 2023, 10:11 AM MDT
March 23, 2023, 12 AM MDT
Pieridae Energy Limited has revised annual net operating income (NOI) and netback guidance to reflect a lower commodity price forecast for the remainder of the year and is planning to defer certain expenditures into 2024, including investigating deferral of the maintenance turnaround at Waterton, which has been reflected in revised guidance.
March 22, 2023, 5:50 AM MDT
March 22, 2023, 12 AM MDT
March 17, 2023, 9:22 AM MDT
March 16, 2023, 12 AM MDT
March 15, 2023, 9:59 AM MDT
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