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- Canadian oil and gas companies reaped record profits in 2022 as the war in Ukraine and global fears about energy security drove commodity prices sky-high in the spring of last year. But prices have been weighed down so far in 2023 by uncertainty over the stickiness of global inflation and the chance of a coming economic recession.
www.ctvnews.ca/business/oil-could-be-headed-back-to-us-100-a-barrel-this-year-industry-experts-1.6342576Oil and gas: Prices headed back, experts in Canada say - CTV News
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Sep 30, 2022 · The price of a barrel of oil has fallen by about 20 per cent in the past month, a situation that would normally result in a comparable decline in the price consumers see when they fill up...
Mar 7, 2024 · Canadian oil prices, benchmarked by Western Canada Select (WCS), have been depressed for many years due to pipeline shortages and refinery and transportation costs. The discount to West Texas Intermediate (WTI) has hovered between $18–20 over the past several years to reflect these hurdles (Chart 4), but that spread should narrow as a result ...
Apr 4, 2023 · TORONTO - A surprise production cut by the Organization of Petroleum Exporting Countries and its allies (OPEC plus) is just one factor lifting the spirits of Canada's energy sector executives these...
Jun 27, 2024 · Increased Egress, Higher Prices. TMX is set to boost the price of Canada’s heavy crude oil for years to come, top executives at the major energy firms say. In 2023, WCS was valued at an average ...
Dec 9, 2022 · WINNIPEG, Manitoba, Dec 9 (Reuters) - After a bumper year of share buybacks and dividends, investors in debt-light Canadian oil and gas producers are set to reward shareholders even more in...
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 the...
Crude oil prices plunged below US$70 and Canadian energy stocks took a beating Wednesday as market chaos continued amid concerns about a spreading bank crisis.
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