This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

West Texas Intermediate crude for April delivery added 22 cents to $66.25 on the New York Merc, while Brent for May added 28 cents to $69.56 (all figures in this para U.S.). Western Canadian Select traded at a discount of $12.60 to WTI, down from a discount of $11.30. Natural gas for April lost four cents to $4.45. The TSX energy index added 1.77 points to close at 252.80.

Oil prices tiptoed higher during a session rattled by the latest escalations in U.S.-Canadian tariff talks. "Everyone seems extra prickly," was the apt summary of RBC's energy analysts in a morning note. There may be a soothing balm on the way for Canadian oil and gas producers: At a press conference during this week's CERAWeek Energy Conference in Texas, the U.S. Energy Secretary said a removal of President Donald Trump's 10-per-cent tariffs on Canadian energy products "certainly is possible," but "it's too early to say."

Within the sector, Canada's largest condensate producer, the Montney-focused ARC Resources Ltd. (ARX), added 64 cents to $25.65 on 3.32 million shares. It has signed a long-term sale agreement for its LNG (liquefied natural gas) offtake from the Pembina-backed Cedar LNG export terminal in Kitimat, B.C. The announcement comes nearly a year after ARC entered a non-binding heads of agreement with an unidentified "investment-grade-rated company" in April, 2024. The mystery customer was rumoured to be China's Sinopec, but today ARC lifted the veil and revealed ExxonMobil, specifically EMLAP (ExxonMobil LNG Asia Pacific).

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS