In The News

Discount on Western Canada Select heavy crude narrows
Monday, 02/10/2025

February 7, 2025

Discount on Western Canada Select heavy crude narrows

By Reuters

The discount on Western Canada Select (WCS) heavy crude to West Texas Intermediate (WTI) narrowed to $13.50 per barrel on Friday from $13.95 on Thursday. Analysts noted that Canadian heavy crude prices have remained stable despite U.S. tariff concerns. President Trump paused a planned 10% tariff on Canadian oil for 30 days in exchange for concessions.

The discount on Canadian crude has not widened to the point that it poses a problem for the Canadian oil industry,...

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Calgary Herald - Varcoe: In 'another body blow', tariff threats already felt as Alberta natural gas prices lag U.S.
Wednesday, 01/29/2025

January 28, 2025 – Calgary Herald

Varcoe: In 'another body blow', tariff threats already felt as Alberta natural gas prices lag U.S.

By Chris Varcoe

Canadian petroleum producers are worried about the potential impact of a proposed 25% tariff on all Canadian imports to the U.S., set to take effect as early as Feb. 1. Even the threat of these tariffs has already driven down Alberta natural gas prices, with AECO gas selling at a significant discount compared to U.S. benchmark prices. Industry leaders believe the uncertainty is increasing market volatility...

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CBC Lite - Trump doubles down on U.S. not needing Canadian oil and gas. Canada's industry says that isn't true
Monday, 01/27/2025

January 23, 2025 – CBC Lite

Trump doubles down on U.S. not needing Canadian oil and gas. Canada's industry says that isn't true

By Karina Zapata

The Canadian energy industry is challenging U.S. President Donald Trump’s claim that the United States does not need Canadian oil and gas. Trump suggested the U.S. could rely solely on domestic production, but Canadian analysts argue this is impractical due to the U.S. refining system's reliance on Canada’s heavy crude oil. Rory Johnston, an energy analyst, emphasized that U.S. refineries are optimized...

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CNBC - Jim Cramer says oil service stocks won't see gains just yet under Trump
Friday, 01/24/2025

January 23, 2025 - CNBC

Jim Cramer says oil service stocks won't see gains just yet under Trump

By Julie Coleman

Jim Cramer of CNBC explained why oil service stocks might not immediately thrive under President Trump's pro-drilling agenda. Despite the industry's excitement about a "drill, baby, drill" White House, Cramer noted that companies like SLB and Halliburton are cautious in their outlooks. SLB beat expectations but flagged concerns about oil oversupply, while Halliburton missed revenue targets and shared a guarded near-term outlook, though both...

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CNBC - RBN Energy exec: Trump’s oil and gas push won’t necessarily bring more drilling
Thursday, 01/23/2025

January 22, 2025 – CNBC

RBN Energy exec: Trump’s oil and gas push won’t necessarily bring more drilling

By Julie Coleman

RBN Energy Executive Chairman Rusty Braziel told CNBC’s Jim Cramer that President Donald Trump’s efforts to boost U.S. oil and gas production don’t necessarily guarantee that companies will start drilling.

“The orders issued on Monday remove obstacles to ‘drill, baby, drill,’” Braziel explained. “But to make that decision, I have to prioritize what’s best for my...

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