The discount on Western Canada Select to North American benchmark West Texas Intermediate futures widened on Tuesday. WCS for January delivery in Hardisty, Alberta, settled at $12.95 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $12.75 on Monday. * The WCS discount is at its widest point since March. * The recent weakening has been driven by widening differentials for global heavy crudes, which is not abnormal during shoulder season, said Rory [Read more]
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Kremlin after talks with U.S. envoy: we are no closer to peace in Ukraine
Russia and the United States did not clinch a compromise over peace in Ukraine, and peace is no closer to but also no further away, Kremlin aide Yuri Ushakov said on Wednesday. He noted that the sides failed to reach a compromise on one of the most difficult issues - territorial disputes. The comments came after Russian President Vladimir Putin met in the Kremlin with U.S. President Donald Trump's special envoy Steve Witkoff and Trump's son-in-law Jared Kushner. Ushakov described the [Read more]
PrairieSky Royalty Declares Quarterly Dividend
CALGARY, Alberta, Dec. 02, 2025 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. (“PrairieSky”) (TSX:PSK) announced today that its Board of Directors has declared a quarterly dividend of CDN $0.26 per common share, payable in cash on January 15, 2026 to shareholders of record on December 31, 2025. This dividend is designated as an “eligible dividend” for Canadian income tax purposes. About PrairieSky Royalty Ltd. PrairieSky is a royalty-focused company, generating royalty revenues as petroleum [Read more]
Pine Cliff Energy Ltd. Declares Monthly Dividend for December 31, 2025
Calgary, Alberta--(Newsfile Corp. - December 2, 2025) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.00125 per common share to be paid December 31, 2025, to shareholders of record on December 15, 2025. This dividend and future dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice. About Pine Cliff Pine Cliff is a natural gas and crude oil [Read more]
OPEC+ members to undergo annual oil capacity audit under new plan, sources say
OPEC+ members will undergo an annual assessment of their oil production capacity starting next year for use in 2027, OPEC+ sources said, to ensure that the group sets output quotas that are more closely aligned with each country's real capacity. This follows an agreement reached on Sunday which marks progress in resolving what has been a thorny issue for OPEC+ for years, and is expected to boost the credibility of its future production deals with investors and oil market participants. Some [Read more]
Canada’s future prosperity runs through the northwest coast
A strategic gateway to the world By Deborah Jaremko on December 1, 2025, 11:06 am MST Prince Rupert Port Authority CEO Shaun Stevenson. Photo courtesy Prince Rupert Port Authority Tucked into the north coast of B.C. is the deepest natural harbour in North America and the port with the shortest travel times to Asia. With growing capacity for exports including agricultural products, lumber, plastic pellets, propane and butane, it’s no wonder the Port of Prince Rupert often comes [Read more]
Multiply Your Impact Today During Cottage Care Day
Get your gift matched today to double or even quadruple your impact for children and families in crisis through Cottage Care Day. Every dollar given to Children’s Cottage Society on Giving Tuesday, December 2, will be matched up to $200,000 by an anonymous donor. If your employer offers a workplace matching program, a single act of generosity can become four times the support for local children and families. Donations can be made securely at childrenscottage.ab.ca/cottage-care-day, or through [Read more]
Leverage, Sweet Leverage: A new Canadian coastal oil pipeline would vastly improve Canada’s trade talk position
There are so many questions about the Alberta-Canada energy MOU...anyone thinking they’ve figured it out is probably spending too much time with the bong. There’s a good chance that, at this stage, it’s not even meant to be figured out, just open to interpretation so that everyone can score a win and everyone can be mad about it and then hey at least we have some sort of energy homeostasis which good Lord is what any sane person wants. The MOU is like something that fell out of a spaceship, [Read more]
Multiphase Flowmeter Pilot in Alberta Cuts Well Pad Costs and Emissions, With Accuracy That Meets AER Requirements
A recent field pilot in Alberta is showing how producers can simplify well testing, reduce flaring, and lower capital costs without sacrificing measurement accuracy. Torxen, was an Alberta E&P focused on light oil development, partnered with SLB to trial the Vx Spectra surface multiphase flowmeter as an alternative to conventional test separators. The results point to a practical path for Canadian operators looking to optimize pad designs while staying fully compliant with provincial [Read more]
Witkoff and Kushner to meet Putin to discuss ending war in Ukraine
U.S. President Donald Trump's special envoy, Steve Witkoff, and son-in-law Jared Kushner were due to meet Russian President Vladimir Putin on Tuesday for talks on a possible way to end the war in Ukraine. Trump has said he wants to end Europe's deadliest conflict since World War Two but his efforts so far, including a summit with Putin in Alaska in August and meetings with Ukrainian President Volodymyr Zelenskiy, have not yet brought peace. A leaked set of 28 U.S. draft peace proposals [Read more]
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