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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 ...
- Crude reality: Why Canadian oil will always be on sale
Billions of dollars are lost to Canada’s hefty heavy oil...
- Crude reality: Why Canadian oil will always be on sale
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...
- 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...
Oct 14, 2022 · Oil prices have fallen — so why is the price of gasoline skyrocketing across Canada? The loonie has fallen to its lowest level in almost two years — here's why
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...
Oct 26, 2018 · Billions of dollars are lost to Canada’s hefty heavy oil price discount every year. But no matter how many new pipelines are built, the bleeding will never fully stop.
Aug 4, 2022 · The price of a barrel of oil fell to its lowest level since February on Thursday, as investors respond to growing fears that a looming recession will drastically reduce demand for energy.
