Alberta’s energy industry, government watch nervously as oil prices hit 4-year low

Alberta’s energy industry, government watch nervously as oil prices hit 4-year low

With oil prices plunging to their lowest level in four years, both the energy industry and governments that depend on energy royalties are watching nervously.

Albertas energy industry, government watch nervously as oil prices hit 4-year low #Canadian #CDNEcon #CDNNews

“This isn’t a crisis for the industry yet. The bigger problem will be for the Alberta government in its deficit.” That’s how Richard Masson, an executive fellow at the University of Calgary’s School of Public Policy, sums up the impact of plummeting oil prices that fell to around $57 U.S. per barrel on Monday — the lowest in four years. While the low prices have also led to drop in gasoline prices, it is the broader economic impact that both ind…

Oil Prices Drop to 4-Year Low. Big Mergers Like a Shell, BP Combo Could Appeal

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West Texas Intermediate Oil Price (WTI) fell by 2% this Monday, to $57.13 a barrel, the lowest closing price since February 2021. At the close of the New York Stock Exchange, WTI’s futures contracts for delivery in June cut $1.16 from the [...] Texas Oil Entry Reports Fall of 2%: The lowest price in four years was first published in Information Focus.

The analysts anticipated for today weakness on the Colombian peso and other currencies of the region. Photo: taken from Freepik (www.freepik.es). The dollar today in Colombia closed with a price of $4,301,20, according to information from Set-FX provided by Creditcorp Capital, a value that was not seen since April 23 and that is superior to the closing of last week's come, when it was located at $4,247. The exchange rate moved up practically all…