Search results
Jun 8, 2022 · Analysis. Why high oil prices aren't creating an economic boom in Canada. Typically that discount is about $10-$15 US a barrel, but recent events have pushed the gap to beyond $20. That's...
Dec 14, 2022 · As of November 2022, the price of Brent crude is in the mid-eighties (USD), so prices could fall significantly before most Canadian producers, with a weighted average breakeven oil price of USD 35.21, became unprofitable.
Sep 30, 2022 · On a day when the benchmark price for a barrel of oil lost about a dollar, gasoline prices skyrocketed in parts of the country on Thursday, with Thunder Bay seeing average prices jump by as...
May 20, 2022 · The recent surge in oil prices is still a net benefit to Canada's economy, but not nearly to the extent that we have come to expect. High oil prices mean 'wicked profitability' when there's...
Mar 8, 2022 · The Canadian dollar is no longer growing at a pace tied to oil prices, exacerbating pains at the pumps and putting more pressure on the Bank of Canada to tame inflation.
Mar 14, 2022 · In Canada, the price of oil is subject to the same upward pressure as any other source of oil in the world, whether that oil is from Alberta, Saskatchewan or offshore Newfoundland and Labrador. As of March 9, 2022, Alberta’s benchmark crude called Western Canada Select (WCS) was trading at about US$105 per barrel.
Dec 12, 2023 · Analysts say there are a number of factors at play here, namely geopolitical instability, fears of a global recession and hesitation around whether there will be follow through on oil output...
