In The Media

Western Canada energy producers enjoy higher oil prices as pipeline congestion eases: analysts

by Dan Healing (feat. Kevin Birn)

Global News
May 11, 2018

Canadian oil producers are pocketing higher profits as a rise in world oil prices meshes with an improving supply-demand balance that has reduced the price discounts they faced earlier this year.

Analysts say temporary shutdowns at Alberta oilsands projects for scheduled maintenance this spring have eased the pipeline congestion that had been exacerbating the difference between bitumen-blend Western Canadian Select and New York-traded West Texas Intermediate crude prices.

That means the oil producers — some of whom cut back output in the first quarter because of poor prices — are seeing benefits from WTI prices that rose to three-and-a-half-year highs above US$71 per barrel this week following U.S. President Donald Trump’s decision to withdraw from the Iran nuclear deal....

CLICK HERE TO READ THE FULL ARTICLE AT GLOBAL NEWS

 

 


Be the first to comment

Please check your e-mail for a link to activate your account.
SUBSCRIBE TO OUR NEWSLETTERS
 
UPCOMING EVENTS

CONFERENCE
Security, Commerce and FDI in Canada

October 1, 2019

Toronto, Ontario | GET TICKETS

LUNCHEON
Priorities for the Next Government

October 24, 2019

Vancouver, British Columbia


SEARCH
THE CGAI PODCAST NETWORK

"He will have much work ahead of him" — Canada's new ambassador to China & more

September 16, 2019

(feat. Colin Robertson, Hugh Stephens, and Gordon Houlden)



Extreme Embedding

September 18, 2019

(feat. Stéfanie von Hlatky, Stephen Saideman, Dur-e-Aden, and Tone Danielsen)



The Green Party on Peace And Disarmament

September 20, 2019

(feat. David Perry and Jeff Wheelan)



EXPERTS IN THE MEDIA

“Obedient Proxy? Iranian-Huthi Ties In Focus After Saudi Oil Facility Attacks“

by Golnaz Esfandiari (feat. Thomas Juneau), RadioFreeEurope, September 19, 2019


LATEST TWEETS

HEAD OFFICE
Canadian Global Affairs Institute
Suite 1800, 421-7th Avenue SW
Calgary, Alberta, Canada T2P 4K9

 

OTTAWA OFFICE
Canadian Global Affairs Institute
8 York Street, 2nd Floor
Ottawa, Ontario, Canada K1N 5S6

 

Phone: (613) 288-2529
Email: contact@cgai.ca
Web: cgai.ca

 

Making sense of our complex world.
Déchiffrer la complexité de notre monde.

 

© 2002-2019 Canadian Global Affairs Institute
Charitable Registration No. 87982 7913 RR0001

 


Sign in with Facebook | Sign in with Twitter | Sign in with Email