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Industry News
  • Heavy crude discount widens after Keystone pipeline shuts
    by Reuters on December 8, 2022 in News, TC Energy

    Western Canada Select (WCS) crude’s discount to the benchmark West Texas Intermediate (WTI) widened sharply on Thursday after the Keystone pipeline shut down because of a leak: TC Energy said it had shut its 622,000 barrel-per-day Keystone pipeline, crimping the flow of Canadian oil to U.S. refineries after a spill into a Kansas creek on [Read more]

  • Crew Energy Announces 2023 Capital Budget and 4-Year Plan to Significantly Increase Size and Scale Through 2026 by Building on Success of Previous Two-Year Plan
    by Globe Newswire on December 8, 2022 in News, Crew Energy, LNG

    CALGARY, Alberta, Dec. 08, 2022 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX: CR; OTCQB: CWEGF) (“Crew” or the “Company”), a growth-oriented natural gas weighted producer operating in the world-class Montney play in northeast British Columbia (“NE BC”), is pleased to announce that our Board of Directors (the “Board”) has approved a capital expenditure budget for [Read more]

  • Oil falls on prospect of Keystone resumption, weakening demand
    by Reuters on December 8, 2022 in News, TC Energy

    NEW YORK, Dec 8 (Reuters) – Oil settled lower for a fifth straight session on Thursday on the prospect of a major crude pipeline resuming service, which would return a hefty amount of crude to the market at a time when global economic slowdowns are raising fuel demand fears. Brent crude settled at $76.15 a [Read more]

  • Danielle Smith shores up Alberta base promising autonomy from Ottawa
    by Reuters on December 8, 2022 in Features

    Alberta Premier Danielle Smith is cementing her support among the Canadian province’s rural right-wing voters ahead of May’s election, polling showed on Thursday, even as a law promising more provincial autonomy within Canada comes under fire from industry leaders and legal experts. Smith became premier of Canada’s main oil-producing province in October after winning the [Read more]

  • Gas prices down across Canada, likely to last a few weeks leading up to holidays
    by The Canadian Press on December 8, 2022 in News

    TORONTO – Drivers hoping for cheaper gas can fill up after the price at the pump across Canada dropped today to 143 cents. A senior director of public affairs at CAA National says the national gas price average has dropped by about 30 cents since last month but the price has not fallen as low [Read more]