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Mar 7, 2024 · In 2024, we estimate that Canadian oil production could advance by 6–10%, roughly equivalent to 300–500k/bpd. The band is fairly wide to incorporate lingering uncertainties, but even on the low end, this would match average annual growth in the booming years between 2010–2015.
Jan 9, 2024 · Oil prices are at their lowest in two years, with prices hovering around 2021 levels. As of Monday afternoon, the WTI price was around $71 US. Feds set aside $7B from Canada Growth Fund...
Oct 12, 2023 · In 2024, Canada could be the largest source of growth in global crude oil production. The country's expected jump in oil output of about 500,000 bpd is higher than the 400,000 bpd projected...
Western Canadian Select (WCS) is the most important oil price index in Western Canada. The price received by Canadian oil producers is often based on WCS. Limited transportation infrastructure causes a large discount in WCS in relation to West Texas Intermediate (WTI).
Jan 8, 2024 · Analysts say 2024 will be a year of weaker oil prices, something that should bring some relief to weary consumers after two years of soaring energy costs. On Monday, the benchmark West Texas...
Apr 3, 2024 · Calgary, April 3, 2024 – Global crude oil prices should remain relatively stable in 2024 but prices for Canadian producers are expected to rise once the Trans Mountain Expansion (TMX) pipeline project starts operating later this year, according to the latest forecast from Deloitte Canada’s Resource Evaluation and Advisory (REA) group.
Dec 29, 2023 · Experts say oil prices could rise in the coming year amid heightened geopolitical tensions. Conflict has disrupted oil trading in the Red Sea, where attacks on ships by Yemen-based Houthi militants continued this week after a U.S.-led task force was deployed to the area.
