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  1. www.cbc.ca › news › businessOil prices are rising, but Canada is getting comparatively ...

    Jun 8, 2022 · 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...

  2. www.cbc.ca › news › businessOil price war will last months, experts say, adding 'pain' to ...

    • A Fight Over Market Share
    • Both Sides Gird For A Long Fight
    • Canadian Operators Feel The Strain

    Saudi Arabia, the de facto leader of OPEC, and Russia became locked in a war for global oil market share after their three-year deal to restrain output collapsed in early March. With global oil demand falling because of the coronavirus pandemic, OPEC wanted to deepen supply cuts but Moscow said it would agree only to an extension to the existing pa...

    See full list on cbc.ca

    On Friday, the price of West Texas Intermediate (WTI), the North American benchmark, closed at $22.53 US a barrel — capping a remarkable 29-per-cent drop for the week. Brent crude, the global yardstick, fell 20 per cent in the week to close at $26.98 US a barrel. Such low prices will put a strain on Russia and Saudi Arabia. According to Bloomberg N...

    See full list on cbc.ca

    Few observers appear to expect a quick resolution to the price war. Rather than wait things out, U.S. officials said Fridaythe Trump administration plans to send a special energy envoy to Saudi Arabia to work with the kingdom on stabilizing the global oil market. Kamel thinks it's going to take more economic pain and revenue loss to get Russia or S...

    See full list on cbc.ca

  3. www.cbc.ca › news › businessOil prices have fallen — so why is the price of gasoline ...

    Sep 30, 2022 · While a lot goes into the price that drivers pay at the pumps, the main culprit in B.C. right now is a shutdown of one of the region's main refineries, reducing the supply of gasoline.

  4. www.cer-rec.gc.ca › en › data-analysisMarket Snapshot: Historical Trends in Canadian Oil and Gas ...

    Nov 23, 2022 · Following a trend of higher prices, Statistics Canada’s latest Annual Capital Expenditures Survey data indicates that Canadian oil and gas investment levels in 2022 are likely to be one-third higher than the 2020 lows.

  5. calgaryherald.com › business › energy'Crazy, crazy, crazy' — discount on Canada's oil costs ...

    Oct 14, 2018 · Rising production, a lack of pipeline capacity to move oil out of Western Canada, and several refineries undergoing maintenance in the U.S. Midwest have conspired to put the bite on Canadian...

  6. globalnews.ca › news › 8666316Canadian dollar no longer rising with oil prices, adding to ...

    Mar 8, 2022 · The Canadian dollar is no longer growing at a pace tied to oil prices, exacerbating pains at the pumps and putting more pressure on the Bank of Canada to tame inflation.

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  8. www.cbc.ca › news › canadaWhat led to this fall's oil price slide — and what might come ...

    Dec 12, 2023 · This fall has seen oil prices take on a gradual — and often bumpy — decline, an about-face from multiple bullish forecasts in September that projected the return of $100 US oil before the end...