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   Will Alberta's oil prices go down in 2022-23?

   • Alberta is projecting oil prices to come down over the next couple of years and non-renewable resource revenues to drop, with the province forecasting West Texas Intermediate (WTI) oil price averaging US$70 per barrel in 2022-23, before settling around US$66.50 per barrel by 2024-25. The province’s forecasts are indeed conservative, Tombe said.

   Alberta's forecast of massive swing to surplus not just 'heyday oil

   financialpost.com/commodities/energy/albertas-forecast-of-massive-swing-to-surplus-not-just-heyday-oil-prices

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   What will Alberta's oil price be?

   • At the end of August, the province's first-quarter fiscal update showed the Alberta government expects the average WTI price of oil to be $76.50 US, up $2.50 US a barrel than what was originally forecast in the budget. Because Alberta's economy is oil-intensive, Parsons expects the province will be watching the market closely.

   Uncertainty rattles global crude prices, puts spotlight on Alberta oil

   www.cbc.ca/news/canada/calgary/crude-oil-prices-market-alberta-provincial-revenue-wti-1.7315961

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   Will oil prices increase Alberta's deficit?

   • Tombe suggested the bump in oil prices alone could lead to five or six billion dollars in additional revenue for the provincial government, which would have a big impact on the projected $18-billion deficit. Alberta's economic recovery from COVID has lagged behind other provinces so far, but the tides could soon change.

   Alberta budget benefits from oil prices no one had bargained for

   globalnews.ca/news/7976953/alberta-budget-benefits-from-oil-prices-no-one-had-bargained-for/

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   Is Alberta's oil price forecast ludicrous?

   • It's exceptional. Alberta was already projecting a deficit of $6.8 billion this year and that was based on WTI at $58 per barrel. When the budget was approved last month, the oil price forecast already looked antiquated. Now, it's just ludicrous.

   The day oil was worth less than $0 — and nobody wanted it

   www.cbc.ca/news/business/oil-negative-price-1.5538996

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2. globalnews.ca › news › 10170420Lower oil prices mean Alberta’s fuel tax is coming back New ...

   globalnews.ca › news › 10170420

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   Dec 14, 2023 · Alberta’s current gas tax relief plan is tied to the price of oil, and $90 USD WTI is one of the thresholds. The discount is reviewed quarterly. For the relief to be changed, the government...

   • Alberta budget benefits from oil prices no one had bargained for

     Alberta is welcoming the sharp rise in the price of oil. As...

3. www.cbc.ca › news › businessThe day oil was worth less than $0 — and nobody wanted it

   www.cbc.ca › news › business

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   Apr 21, 2020 · The markets have been excessively volatile since the pandemic began, but on Monday the truly unthinkable happened — oil prices turned negative. Alberta's oilpatch history is full of ups and ...

4. Videos

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     globalnews.ca

     New estimates warn the cost to clean up Alberta’s oil and gas industry could hit $260B

     Nov 1, 2018

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     1:36

     globalnews.ca

     Will higher oil prices help Alberta’s budget?

     Jun 24, 2021

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     1:37

     globalnews.ca

     Will higher oil prices help Alberta’s budget?

     Jun 24, 2021

     27.9K Views

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5. globalnews.ca › news › 7976953Alberta budget benefits from oil prices no one had bargained for

   globalnews.ca › news › 7976953

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   Jun 24, 2021 · Alberta is welcoming the sharp rise in the price of oil. As Sarah Offin reports, the spike in oil prices could help the province’s post-pandemic economy recovery faster than expected. –...

   • Author: Sarah Offin

6. www.cbc.ca › news › canadaUncertainty rattles global crude prices, puts spotlight on ...

   www.cbc.ca › news › canada

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   Sep 11, 2024 · At the end of August, the province's first-quarter fiscal update showed the Alberta government expects the average WTI price of oil to be $76.50 US, up $2.50 US a barrel than what was...

7. www.cbc.ca › news › businessFrom $0 to $120 in 2 years — and the price of oil could climb ...

   www.cbc.ca › news › business

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   Jun 13, 2022 · After hovering around $120 US per barrel this week, there is plenty of speculation about where oil prices could go from here. Soaring to $150 or beyond isn't out of question.

8. www.aer.ca › crude-oil-pricesCrude Oil Prices - Alberta Energy Regulator

   www.aer.ca › crude-oil-prices

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   Base-price case WCS: The forecast price is US$61.50/bbl in 2024, rising to US$64.00/bbl in 2025. The price is expected to increase to US$70.63/bbl by 2033. Low-price case WCS: The forecast is US$33.92/bbl in 2024 and projected to be US$34.68/bbl in 2033.

9. financialpost.com › commodities › energyAlberta's forecast of massive swing to surplus not just ...

   financialpost.com › commodities › energy

   Feb 25, 2022 · Alberta is projecting oil prices to come down over the next couple of years and non-renewable resource revenues to drop, with the province forecasting West Texas Intermediate (WTI) oil price averaging US$70 per barrel in 2022-23, before settling around US$66.50 per barrel by 2024-25.