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Narrowing heavy oil differential bodes well for Alberta's books - Western Standard

Western Standard · last updated

Narrowing heavy oil differential bodes well for Alberta’s books | Alberta Report | westernstandard.news

Alberta’s not quite back in the black.

But despite lower than projected oil prices, the provincial budget should be in much better shape than either the benchmark West Texas Intermediate (WTI) price or conventional wisdom would dictate when the province releases its fiscal first quarter numbers later this summer.

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Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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