US EditionOil Prices Struggle as Oversupply and Trade Tensions Weigh on Market
- The price of West Texas Intermediate oil recently dropped below US$60 per barrel amid tariff concerns, impacting Alberta’s budget revenues, according to Tegan Hill.
- Alberta faces a projected budget deficit of $5.2 billion in 2025/26 due to low oil prices affecting revenues, as stated by the Smith government.
- Oil prices are under pressure due to oversupply and trade uncertainty, indicating a challenging market, according to sources including the International Energy Agency.
- In 2024, Alberta saw a record population increase of 186,704, which strained housing affordability, reported in a Maru poll.
23 Articles
23 Articles
New P1.35/liter oil price hike set this week
MANILA, Philippines – Motorists will see higher prices of petroleum products as April ends, with fuel retailers increasing prices by as much as P1.35 a liter. In separate advisories on Monday, Petro Gazz, CleanFuel, and Seaoil said gasoline prices would go up by P1.35 a liter beginning Tuesday. Diesel will also see a hike of 80 centavos per liter, while kerosene will be 70 centavos more expensive per liter. Rodela Romero, assistant director of t…
Oil Prices Struggle as Oversupply and Trade Tensions Weigh on Market
Oil markets entered April 26, 2025, facing hard realities as persistent oversupply and trade uncertainty drove prices to multi-month lows. Data from major exchanges and agencies show WTI crude at $63.17 per barrel and Brent at $66.87, both posting weekly losses despite a slight uptick into Friday’s close. These figures reflect a market grappling with […]
Low oil prices could have big consequences for Alberta’s finances
From the Fraser Institute By Tegan Hill Amid the tariff war, the price of West Texas Intermediate oil—a common benchmark—recently dropped below US$60 per barrel. Given every $1 drop in oil prices is an estimated $750 million hit to provincial revenues, if oil prices remain low for long, there could be big implications for Alberta’s budget. The Smith government already projects a $5.2 billion budget deficit in 2025/26 with continued deficits over…
Eddy County plans for lower oil prices - Carlsbad Current-Argus
Adrian HeddenCarlsbad Current-Argusachedden@currentargus.com Oil and gas revenue continued to decline for Eddy County as fossil fuel prices dipped nationally amid investor fears of lingering trade… Login to continue reading Login Sign up for complimentary access Sign Up Now Close The post Eddy County plans for lower oil prices appeared first on Carlsbad Current-Argus.
Coverage Details
Bias Distribution
- 45% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
