Dollars and SenseNewsOil & Gas
Western Canadian Select plunges to $5 per barrel, leaving Alberta oilsands struggling
Source: Adam Macvicar, globalnews.ca, April 2, 2020
Due to record low prices, oil companies in Western Canada have had to cut capital expenditures and temporarily lay off employees in northern Alberta.
Oil and gas producers in Alberta may very well be facing their toughest challenge to date, as the price of Western Canadian Select closed at US$5.29 Wednesday.
Experts have attributed the price drop to the ongoing COVID-19 pandemic, as well as a production war between Saudi Arabia and Russia.
For the latest information and for more updates on everything Kindersley ‘Like’ the Kindersley Social Facebook page below…
For the latest information and for more updates on everything Kindersley, download our app!
App Store coming soon!
Google Play and the Google Play logo are trademarks of Google LLC.
