Alberta s oil producers feel recovery â but analysts aren t predicting a repeat of the last boom
Higher crude prices are good news for oil companies and government royalties, but a return to the pre-2014 boom? Experts say it s not in the cards.
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The head of oilsands giant Suncor Energy isn’t pulling any punches about Line 5.
The threatened shutdown of the pipeline by the state of Michigan won’t just hurt oil refiners, but consumers in Canada, says Mark Little.
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Suncor Energy’s chief executive joined a chorus of Canadian business leaders, analysts and politicians warning recently about the painful ramifications if Michigan succeeds in closing Enbridge’s existing pipeline that moves western Canadian oil to Central Canada through the state.
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After being stuck in the doldrums last year, three key energy markets for Alberta are seeing a sudden resurgence.
Prices for electricity, natural gas and oil have all been moving up this year, providing a temporary boost for power generators and petroleum producers â and leading to higher prices for consumers.
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West Texas Intermediate (WTI) crude prices surged more than $2 a barrel on Monday to close at US$61.69. Prices have rallied by 27 per cent this year and some analysts expect recent gains to hold, despite ongoing uncertainty surrounding the global pandemic and the pace of vaccinations.
Varcoe: Oil, gas and Alberta power prices take off in same direction — up calgaryherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from calgaryherald.com Daily Mail and Mail on Sunday newspapers.