Search results
Jun 8, 2022 · 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 widest it's...
Jun 4, 2024 · In Canada, the downward trend in oil prices weighed on the TSX, where the energy index of companies was down more than two per cent. TC Energy shareholders approve spinoff, creation of South...
May 3, 2023 · One Canadian energy strategist said he thinks weak demand is behind the plummeting price of oil. As crude dropped below $US70 per barrel on Wednesday, Michael Tran, managing director of Global Energy Strategy at RBC Capital Markets, told BNN Bloomberg he doesn’t see the trend being driven by recession fears, but rather weaker demand as people ...
Jun 28, 2018 · On the one hand, the price of oil is at a three-and-a-half year high — good news for the economy, but generally a bad omen for motorists — while on the other hand, the loonie keeps hovering...
- Crude oil price. The price of crude oil is the most important factor that drives production and investment in the oil and gas extraction sector. Chart 1 presents movements in two of the most relevant crude oil prices for Canada, the WTI and the Western Canadian Select (WCS) from January 2019 to February 2021.
- Production and employment. Chart 2 presents monthly production and employment in the oil and gas extraction industry and in all industries as a whole from January 2019 to April 2021.
- Crude oil and merchandise exports. The global value chain and, therefore, merchandise exports have been greatly affected by the pandemic because of declining demand.
- Capital expenditures. Capital expenditures in oil and gas extraction are highly related to crude oil price. Lower oil prices will drive down the profit level of oil and gas extraction and ultimately discourage investment in the industry, and this will affect its production capacity in the long term.
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...
People also ask
Why are oil prices so low in Canada?
How have oil prices changed over the past 9 months?
Will Canadian oil and gas investment increase in 2021?
Will oil price increase stimulate economic activity in Canada?
Why are oil prices so low in 2023?
How did crude oil prices change in Canada?
Oct 21, 2021 · Oil and natural gas prices have risen considerably over the past nine months. The price of Western Canadian Select crude oil (WCS, the benchmark price for Alberta oil) averaged US$45.13 per barrel in January 2021. By the first week of October, that price had increased to $64.78 per barrel.
