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Oil pricescalgaryherald
•Business
Business & Economics
72% Informative
Oil prices have tumbled this week , after the unwinding of OPEC cuts and a continental tariff war started by the United States this week .
The twin sources of disruption have left the Canadian oil industry staring at much lower prices than in mid-January , when benchmark West Texas Intermediate crude topped $ 80 a barrel.
The two major events are expected to crimp global oil demand growth this year by about 400,000 barrels per day.
Canadian Natural Resources has seen “very little impact” on its business caused by tariffs.
Baytex released a $1.25-billion capital budget in December based on WTI averaging $ 65 a barrel.
About 60 per cent of its production and cash flow is generated from its properties in the Eagle Ford formation in Texas .
VR Score
78
Informative language
77
Neutral language
63
Article tone
formal
Language
English
Language complexity
50
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
8
Source diversity
5
