Maintenance at oil-sands mines may achieve what Alberta’s mandatory production curtailments have so far failed to accomplish: drain Western Canada’s storage tanks.
Inventories in the region were 34 million barrels the week before last, Richard Kruger, Imperial Oil …
One group of Canadian oil producers is gaining from the output cuts imposed by Alberta: the small explorers.
Local wildcatters that pump light crude far from the giant oil-sands mines of northern Alberta are getting a big price …
Trying to fix the crude market has been hard enough for OPEC. Alberta’s go at it is proving a bigger challenge than the oil-rich Canadian province anticipated.
Since mandatory production cuts were announced in December, local heavy crude …
Canada’s mandated oil production cuts are preventing Suncor Energy Inc, one of Canada’s biggest oil producers, from sending its heavy crude to the U.S. Gulf Coast by rail, a company official said in an interview on Tuesday.
The …
When prices for Canada’s heavy crude collapsed late last year, Alberta did something quite out of character. The traditionally conservative, free-market-loving province took a page out of OPEC’s handbook and ordered its largest oil producers to throttle back …
Alberta oil producers have found a way around production limits imposed on them by the provincial government: buy the right to pump barrels from other companies that don’t need them.
The volumes aren’t huge — Husky Energy Inc.…
Heavy Canadian crude prices widened to the biggest discount against New York futures this year as pipeline-operator Enbridge Inc. reported that rationing on its heavy oil lines would increase next month.
Western Canadian Select, an oil sands benchmark, …
The Canadian province of Alberta’s OPEC-style decision to force production cuts is benefiting oil companies with higher prices, but it is also pushing capital elsewhere and threatens to undermine booming crude-by-rail shipments.
After Alberta cut 325,000 barrels per …
From The Canadian Press/Edmonton City News
CALGARY — Crude oil prices in Western Canada remain elevated as Alberta’s government-mandated oil production curtailments come into force.
Calgary oil brokerage Net Energy says the difference between Western Canadian Select bitumen-blend heavy oil …
