Tag Archives: Canada

On 20 April 2020, West Texas Intermediate (WTI) futures experienced unprecedented developments. WTI contract prices for delivery in May dropped to below zero.

Canadian heavy crude has become so cheap that the cost of shipping it to refineries exceeds the value of the oil itself, a situation that may result in even more oil-sands producers shutting operations.

It comes ahead of the launch of the Clean Air Zone (CAZ) in the city later this month.

Canadian natural gas is trading at the highest price relative to U.S. benchmarks in about 10 months after producers cut back on drilling and a rule change.

it will establish a corporate domicile in the U.S. early next year. pending various approvals. and rebrand under the name Ovintiv Inc.

Keating summarized what’s coming as a bow wave of investment as eight oil companies. with 10 exploration plans. begin exploration programs in frontier areas of the offshore.

Schulich bought about 5% of MEG Energy for the first time in the last couple of weeks. underscoring his bullish view on energy despite his concerns that Canada is squandering its resource legacy.

It’s been two days now. since a large crowd gathered in the outdoor exhibit area of the Global Petroleum Show (GPS). at Calgary’s Stampede Park. to participate in a pro-pipeline. pro-oil rally

Canadian Natural Resources Limited has provided an update on its Pelican Lake and Woodenhouse operations.

Alberta may have finally found the right level for its oil curtailment program that has sent local oil prices on a roller coaster for the last few months.