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Imbalances in supply and demand
- Oil prices around the world have risen to their highest levels in years, but Canadian oilsands producers are seeing comparatively less for every barrel because of imbalances in supply and demand.
www.cbc.ca/news/business/oil-prices-canada-1.6479046ANALYSIS | Oil prices are rising — so why is Canada getting ...
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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...
- Oil prices have fallen — so why is the price of gasoline ...
On a day when the benchmark price for a barrel of oil lost...
- Why high oil prices aren't creating an economic boom in Canada
The recent surge in oil prices is still a net benefit to...
- Oil prices have fallen — so why is the price of gasoline ...
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.
- Refinery Shutdowns
- 'The Market Is So Tight'
- Gas Tax Relief Set to Expire
The Phillips 66 refinery in Ferndale, Wash., was shut down for maintenance earlier this month, taking about 65,000 barrels a day worth of gasoline offline. "B.C and Vancouver import every last barrel of gasoline and diesel from [that] region of the United States," said Vijay Muralidharan, an energy analyst with R Cube Economic Consulting Inc. "When...
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 than $1.60 on Friday. Prices in Alberta are up by about 10 per cent in the past week versus about 20 per cent in B.C. Thunder Bay's jump is directly impacted b...
When prices spiked earlier this year, many provinces moved to offer consumers some relief at the pumps by cutting gasoline taxes temporarily. Those cuts are slated to end soon, which will be another factor pushing up prices. Alberta's fuel tax is normally 13 cents per litre but the province slashed that figure to zero during the crunch earlier this...
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...
