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  1. Mar 1, 2021 · Brent: Brent is the main benchmark price for light sweet crude in international markets and specifies delivery at Sullom Voe terminal, United Kingdom. Western Canadian Select: Western Canada Select (WCS) is the main benchmark price for Canadian heavy crude and specifies delivery at Hardisty, Alberta. Mixed Sweet Blend: Mixed Sweet Blend (MSW ...

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    This article provides an update on the performance ofCanada’s oil and gas extraction industry after it was hit by the oil pricecrisis that occurred in March and April 2020. The Canadian oil and gasextraction industry was found to have almost recovered in terms of production,employment and exports after experiencing sharp declines in economic activi...

    Weimin Wang is with the EconomicAnalysis Division, Analytical Studies and Modelling Branch at StatisticsCanada.

    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. The West Texas Intermediate (WTI), a benchmark crude oil price, immediately fell by...

    Baker McKenzie. 2020. US: Impressions from OPEC+’s June 6 2020 Decision to Maintain Oil Production Cuts. Available at: https://www.bakermckenzie.com/en/insight/publications/2020/06/opec-decision-to-maintain-oil-production-cuts#:~:text=OPEC%2B%27s%20deal%20in%20April,June%202020%20(2%20months)%3B&text=5.8%20million%20barrels%20per%20day,April%202022...

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  3. Nov 14, 2022 · Higher crude oil and mineral prices combined to drive up the value of Canada's natural resource assets in 2021. Overall, the dollar value of selected natural resource reserves totalled $1,444 billion in 2021, a 149% increase from 2020.

  4. View our data on crude oil production by region, type, and scenario in our interactive visualization tool, Exploring Canadas Energy Future. Explore a summary of oil production in our EF2021 Fact Sheets: Oil Sands Production and Conventional, Tight, and Shale Oil Production.

  5. This page introduces the oil price indices West Texas Intermediate (WTI) and Western Canadian Select (WCS). These are both important oil price benchmarks.

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