CIBC analysts expecting wider discount on heavy oil this year

By Lauren Krugel Analysts at CIBC are forecasting a wider discount on Alberta heavy crude this year as U.S. plans to rebuild Venezuela’s ailing industry dominate headlines. The bank estimates the differential between Western Canada Select, the heavy Alberta...

Carney says Canadian oil will be competitive after Maduro’s ouster

  By Sarah Ritchie and David Baxter Prime Minister Mark Carney says his government is working to expand access to oil markets in Asia now that Canada faces the prospect of Venezuelan oil displacing Canadian product in the American market. His remarks came after...