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by Stockwatch Business Reporter

West Texas Intermediate crude for June delivery lost 89 cents to $107.77 on the New York Merc, while Brent for July lost 82 cents to $111.28 (all figures in this para U.S.). Western Canadian Select traded at a discount of $24.00 to WTI, up from a discount of $28.10. Natural gas for June added nine cents to $3.11. The TSX energy index added 10.17 points to close at 449.79.

The oil patch continued to pore over Ottawa's announcement on Friday that it had signed an implementation agreement with Alberta, essentially mapping out a regulatory path to a new West Coast oil pipeline in exchange for a revised carbon pricing framework and carbon credit reform. Reactions are decidedly mixed as to whether the tradeoff is worthwhile, let alone feasible.

In the optimists' corner sits Alberta. The province aims to submit a pipeline proposal to Ottawa by July 1, have the project receive a national-interest designation by Oct. 1 and get shovels in the ground as early as Sept. 1, 2027. "The door is open," cheered Alberta Premier Danielle Smith in a statement on Friday, "and it's time to turn shared ambition into real projects, jobs and results."

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