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US$3.82 per barrel
- Western Canadian Select dipped down to US$3.82 per barrel on Monday. There are 159 litres in a barrel of oil, so that’s just over two cents per litre. In the past, Western Canadian Select had been as low as US$5.97 per barrel. That was back in December 2018, according to data from the Government of Alberta.
thenarwhal.ca/10-things-you-need-to-know-as-a-barrel-of-alberta-oil-is-valued-at-less-than-a-bottle-of-maple-syrup/10 things you need to know as a barrel of Alberta oil is ...
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Oil prices are measured in US dollars per barrel as reported by Western Canada Select (WCS), the price obtained for many Alberta producers of oil, and West Texas Intermediate (WTI), a world reference price usually quoted in the media.
- Oil prices and value
The price a producer receives for a barrel of oil depends on...
- Oil prices and value
The price a producer receives for a barrel of oil depends on the type of oil, where it’s produced, and where it is sold. Price fluctuations also occur due to changes in market demand and supply. It is important to consider the following information when discussing the price of crude oil in Alberta.
Highlights of 2023. WTI: The West Texas Intermediate (WTI) price decreased by 18%, averaging US$77.62 per barrel (bbl) in 2023. The decrease was due to rising global inventories and concerns about the slow growth of global oil demand.
Oil par prices. The following par prices are used to determine the royalty volume payable to the Crown.
Oil is often traded in US dollars, and for historical reasons, its price is quoted per barrel (bbl). Each barrel is 159 litres. The effect of oil prices goes far beyond oil stocks; changes in oil prices are often an important component of the inflation rate.
Oilprice.com, in cooperation with its partners, offers over 150 crude oil blends and indexes from all around the world, providing users with oil price charts, comparison tools and smart...
Sep 11, 2024 · Just a couple of weeks ago, West Texas Intermediate (WTI) prices — North America's benchmark for crude oil — were around $75 US a barrel. This week, prices skidded to around $66 US a barrel...
