Search results
Results from the WOW.Com Content Network
Western Canadian Select (WCS) is a heavy sour blend of crude oil [1] that is one of North America's largest heavy crude oil streams [2] and, historically, its cheapest. [3] It was established in December 2004 as a new heavy oil stream by EnCana (now Cenovus), Canadian Natural Resources, Petro-Canada (now Suncor) and Talisman Energy (now Repsol Oil & Gas Canada). [4]
The extra-heavy crude oil or crude bitumen extracted from oil sands is a very viscous semisolid form of oil that does not easily flow at normal temperatures, making it difficult to transport to market by pipeline.
As of 2009, Syncrude and Irving Oil were leaders in the Canadian industry, with Syncrude being the top producer of oil sands crude and Irving Oil operating the largest oil refinery in the country. [5] Canadian oil company profits quickly recovered following the 2008 financial crisis; In 2009 they were down 90% but in 2010 they reached $8.4 billion.
Get breaking Business News and the latest corporate happenings from AOL. From analysts' forecasts to crude oil updates to everything impacting the stock market, it can all be found here.
Oil is among Canada's top exports to the US, which imported $97.1 billion worth of crude from the country in 2023. Canadian heavy crude from the country's oil sands is a top source of oil for Gulf ...
The organization, led by Saudi Arabia, has voluntarily reduced oil output since mid-2023 in a bid to boost prices. Despite their efforts, Brent crude, the international benchmark, is down over 12% ...
Syncrude Canada Ltd. is one of the world's largest producers of synthetic crude oil from oil sands and the largest single source producer in Canada.It is located just outside Fort McMurray in the Athabasca Oil Sands, and has a nameplate capacity of 350,000 barrels per day (56,000 m 3 /d) of oil, equivalent to about 13% of Canada's consumption. [1]
The stock was among the top 10 trending tickers on the Yahoo Finance platform. Caterpillar's stock is now up 3.2% in 2022, outperforming the 12% drop for the S&P 500. ... Brent crude oil briefly ...