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Imbalances in supply and demand
- Oil prices around the world have risen to their highest levels in years, but Canadian oilsands producers are seeing comparatively less for every barrel because of imbalances in supply and demand.
People also ask
Why are oil prices so low in Canada?
How will the new pipeline affect Canadian oil prices?
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Why is gasoline so expensive in BC?
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...
- Oil prices have fallen — so why is the price of gasoline ...
While a lot goes into the price that drivers pay at the...
- Price gap on heavy Canadian oil tops $30 per barrel, widest ...
Oil prices have fallen — so why is the price of gasoline...
- Oil prices have fallen — so why is the price of gasoline ...
- 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
Jan 9, 2024 · A new report by Deloitte Canada is forecasting WTI to average US$72 for the year ahead. That's more than seven per cent below 2023's average, and a whopping 29 per cent below 2022, when Russia's invasion of Ukraine caused oil prices to spike.
Nov 20, 2018 · EDMONTON — With Alberta’s main oil export selling at record lows, some producers are facing a full-blown crisis, while politicians are weighing responses to what Premier Rachel Notley has...
- Tyler Dawson
Jun 8, 2022 · Economy. Oil prices are rising, but Canada is getting comparatively less for every barrel — here’s why. Gap between benchmark oil price and cost for oilsands blend is widening. Why gas prices have hit record highs and when Canadians can expect to get a break. Photo: CBC/Tom Ayers. RCI. Posted: June 8, 2022 7:03 AM.
Aug 5, 2019 · Canadian producers and Canadian oil prices now appear more positive than they used to be at the start of the year, but the oil patch continues to believe that the long-term solution to...
