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
December 12, 2018, 9:03 AM MST
What a difference one OPEC+ meeting makes.
December 10, 2018, 8:36 AM MST
While the Alberta government’s decision to impose mandatory production curtailments has had a recent positive impact on Western Canadian Select (WCS) differentials and implied pricing, the uptick isn’t expected to be long-lasting, analysts contacted this morning by the Bulletin say.
December 10, 2018, 10:20 AM MST
Cardinal Energy Ltd. has decided to temporarily reduce its dividend given the volatility in oil price differentials.
December 7, 2018, 3:34 AM MST
December 7, 2018, 8:07 AM MST
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