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Interactive charts of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel back to 1946. The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. The current month is updated on an hourly basis with today's latest value.
This page introduces the oil price indices West Texas Intermediate (WTI) and Western Canadian Select (WCS). These are both important oil price benchmarks.
Nov 23, 2022 · By 2020, with annual average WTI 4 prices at US$40 per barrel, Canadian oil and gas investment fell to $24 billion, a level not seen since 2002. Investment in 2020 was down more than two-thirds from 2014’s peak, when WTI prices averaged US$90 per barrel.
WCS: The Western Canadian Select (WCS) price increased by 38 per cent, averaging US$76.01/bbl. The WCS and CLS price increases mirrored the percentage increase in WTI, despite WCS being discounted more to WTI in 2022. Table S1.1 shows historical and forecast prices for crude oil.
The value of crude oil exports reached a peak in 2014 at $92.6 billion, or 17.5% of total exports. After posting sharp declines in 2015 and further declines in 2016, due to a drop in export prices, crude oil was supplanted by passenger cars and light trucks as Canada’s top exported product.
Jul 28, 2021 · Introduction. The year 2020 was challenging for oil and gas producers all over the world. The crisis in the oil and gas industry started in early March 2020 as a result of the price war between Saudi Arabia and Russia after they failed to reach an agreement on oil supply control.
Jun 12, 2024 · Vastly different trajectories for crude oil production in Canada, the U.S., and Mexico over the last 25 years oil crude, production, U.S., Mexico, North America
