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Jun 8, 2022 · Against the backdrop of that excess supply and lower demand, a widening price gap for Canadian oil makes perfect sense.
Oct 4, 2023 · Canadian oil producers are likely to enjoy higher crude prices next year when the TMX pipeline begins transporting about 590,000 bbl/d for export, according to the latest forecast from Deloitte Canada’s Resource Evaluation and Advisory (REA) group.
Nov 11, 2021 · The good news: This (finally) isn’t a pipeline or Canada-specific problem. Moreover, quality differential widening has much less room to run compared to almost-ceilingless transportation-related discounting. The bad news: there’s nothing really to be done about the widening from a Canadian industry perspective and it seems to mark the end ...
- Less Investment Appetite
- Record-Setting Profits
- Demand Flexible, But Steady
The last time the global price of oil surged this high, starting in 2008, there was a surge in investments and a hiring boom. Commodity expert Rory Johnston says years of low prices and low profits have made companies wary of moving too quickly this time. "There's a lot of scarring that occurred over the past decade," said Johnston, author of the n...
Higher oil prices are still a net positive for the Canadian economy, said CIBC's Shenfeld, but things are different this time. "When they're caused by disruptions in the global economy they are not as powerful as when they are caused by strength in economic activity around the world," he said. As the price of oil has skyrocketed these past few mont...
So will the high prices stay? These past two years have been some of the most tumultuous and volatile in modern history. It's easy to wonder if maybe things have changed. "I have an allergic reaction as an economist to any claim that this time is different," said Brett House, formerly the deputy chief economist at Scotiabank. He says there were man...
In this CEC Fact Sheet, we examine key metrics associated with the addition of new export pipeline capacity, including how this impacts market access, the oil price discount, global oil demand, and the accrual of benefits to the Canadian economy.
Oct 14, 2022 · Economy. Price gap on heavy Canadian oil tops $30 per barrel, widest spread since 2018. Pipeline bottlenecks are typically to blame any time Canadian oil producers have a hard time getting their product to market. But that's not the reason this time around. Photo: The Canadian Press / Larry MacDougal. RCI. Posted: October 14, 2022 2:40 PM.
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Is a widening price gap for Canadian oil a good idea?
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Apr 4, 2023 · TORONTO - A surprise production cut by the Organization of Petroleum Exporting Countries and its allies (OPEC plus) is just one factor lifting the spirits of Canada's energy sector executives these...
