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Alberta records $4.3-billion surplus to end fiscal year
Higher expenses, a decrease in corporate income taxes and volatile oil prices are hitting the UCP provincial government squarely in the campaign promises, despite a $4.3-billion ...
Sherwood Park News
4 days ago
Suncor (SU) Shuts Down Firebag Site Amid Wildfire Concerns
Suncor's (SU) Firebag facility has been shut down temporarily. The company has cut down some of its production as a precautionary measure and will restart production as soon as the situation permits.
Zacks via Yahoo
4 days ago
- Oil prices continued their slide on Tuesday on skepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness. Extending losses from a four-month low reached on Monday, Brent crude futures settled down 84 cents US, or more than one per cent, at $77.52 US a barrel.
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May 24, 2024 · WCS oil price. Oil prices are measured in US dollars per barrel as reported by Western Canada Select (WCS), the price obtained for many Alberta producers of oil, and West Texas Intermediate (WTI), a world reference price usually quoted in the media. On this page: Alberta API.
Feb 4, 2022 · The March crude oil contract for West Texas Intermediate closed at $90.27 US per barrel, up $2.01 per barrel, bolstered by geopolitical tensions and supply concerns.
Oilprice.com, in cooperation with its partners, offers over 150 crude oil blends and indexes from all around the world, providing users with oil price charts, comparison tools and smart...
Jun 28, 2024 · Get access to our self-serve database of oil and gas prices, Cdn/US energy statistics and operating metrics for key oil sands facilities.
- Potentially Massive Fiscal Windfall
- Potential Boost to Alberta's Economy
- Uncertainty and Risk Remains
In its latest budget released earlier this year, Alberta's government budgeted oil prices of $46 per barrel. By 2023/24, they hoped prices would rise above $56. These projections are now far below both current prices and current expectations. Based on where investors are betting oil prices will be, the best guess is for oil to average $68 per barre...
High oil prices means more than a smaller deficit. Higher oil prices may generate higher rates of economic growth — which means higher incomes and more jobs for Albertans. Earlier this year, the government expected Alberta's economy to grow 4.8 per cent in 2021. More recently, the Conference Board of Canada (in an analysis that accounts for rising ...
High oil prices — at least in the short term — are a welcome boon. But it won't last. At some point, eventually, prices will fall again due to one unexpected development or another. There's little the government can do about broader economic swings beyond helping individuals and businesses through challenging times. But it can directly control its ...
Dec 12, 2023 · The benchmark North American crude blend known as West Texas Intermediate, or WTI, slid below $70 US a barrel on Tuesday, down from late September when the price hovered around $90.
Oil prices saw further gains this week as tensions in the Middle East escalated, propelling WTI crude to around US$87 a barrel, while the global benchmark, Brent, approached US$91, nearing its highest level since October.
