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  1. www.aer.ca › providing-information › data-andExecutive Summary | Alberta Energy Regulator

    Oil prices experienced smaller percentage declines compared with natural gas prices in 2023. The North American light oil benchmark price (West Texas Intermediate [WTI]) retreated by 18%, and Alberta’s heavy oil benchmark price (Western Canadian Select [WCS]) retreated by 22%.

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      SSN 1910-4235. An annual report that includes. the report...

  2. www.cbc.ca › news › canadaOil delivers big for Alberta's budget, but what does it say ...

    • What's in The Budget
    • No 'Rstar'
    • Petrochemicals, Hydrogen, Carbon Capture
    • Projects and Production

    Despite scant details in some areas, there are measures for petrochemical and hydrogen projects, carbon capture and storage, and a desire to rehabilitate old oil well sites. Budget 2023 plans for oil prices around $79 US a barrel, dropping to $73.50 US over the next three years. That benchmark West Texas Intermediate (WTI) price has fluctuated anyw...

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    In this week's budget, no money was set aside for Premier Danielle Smith's much-beleaguered idea to give $100 million in royalty credits to companies to clean up old well sites (something they're already legally obligated to do). Toews says that's because RStar (now renamed as a "liability management program") is still just a plan and needs consult...

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    Budget 2023 also earmarks $484 million over three years for the Alberta Petrochemical Incentive Program and its grants. The premier has said she's exploring expanding the initiative. The Hydrogen Centre of Excellence is getting a $5-million grant to encourage technology development. The budget nods to ongoing CCUS projects, including the Pathways A...

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    Alberta's government also says it's aiming to increase the proportion of global oil the province contributes. In supplementary documents to the budget, it targets 3.7 per cent of global oil consumption by 2024. It was 3.3 per cent in 2021. The province exported $158.3 billion in energy goods last year, a notable, 59-per-cent increase from the previ...

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  3. www.aer.ca › crude-oil-pricesCrude Oil Prices | Alberta Energy Regulator

    Base-price case WTI: The forecast average price is US$76.00/bbl in 2024, strengthening to US$77.00/bbl in 2025. The price is expected to increase to US$83.63 in 2033. Low-price case WTI: The forecast is US$46.47/bbl in 2024 and projected to be US$46.45/bbl in 2033.

  4. open.alberta.ca › dataset › 13ab3f73-6e4e-4aac-b56bEconomic Spotlight - 2023: Alberta economy year-in-review ...

    Oil prices find support Global oil prices eased in 2023 but remained volatile after geopolitical tensions sent prices significantly higher in 2022. West Texas Intermediate (WTI) oil price averaged slightly below US$78/bbl in 2023, down significantly from roughly US$95/bbl the previous year when the onset of the Russia-Ukraine conflict

  5. www.theglobeandmail.com › business › article-albertaAlberta regulator forecasts oil, gas growth through 2033

    5 days ago · Western Canadian Select, which Alberta producers get for their heavier grade of oil, is expected to hit US$70 by 2033, currently just under US$67. The differential between the two prices will ...

  6. www.cbc.ca › news › businessOil prices have fallen — so why is the price of gasoline ...

    Sep 30, 2022 · Prices in oil-rich Alberta are always lower than they are in the rest of the country, but pump prices in the province's two biggest cities jumped from below $1.50 a litre on Thursday to more...

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  8. edmontonjournal.com › news › politicsBudget 2024:Alberta expected to post modest surplus amid ...

    Feb 28, 2024 · Alberta rode on the back of high oil prices to overcome a nearly $17-billion deficit almost overnight, with the province recording surpluses in its most recent two budgets.