The Western Canadian Select (WCS) oil price has experienced significant fluctuations over the past two decades, reflecting the volatile nature of global oil markets. In 2024, the annual average WCS oil price reached ***** U.S. dollars per barrel, a slight increase from the previous year. This price movement is part of a broader trend in the oil industry, where prices have been influenced by various economic and geopolitical factors. What impacts oil prices? Oil prices have been on a rollercoaster ride since the early 2000s, with dramatic fluctuations observed in OPEC Reference Basket oils. For instance, the Saharan Blend from Algeria saw its price rise from about ** U.S. dollars per barrel in 2002 to over *** U.S. dollars a decade later, before settling at ***** U.S. dollars in 2023. These price swings have been driven by major events such as the 2008 global financial crisis, the 2020 coronavirus pandemic, and the 2022 energy supply crisis following the Russia-Ukraine war. The volatility in oil prices has had far-reaching impacts on global economies and energy markets as they impact manufacturers and consumers. How regionally important crudes can influence the global economy While WCS prices reflect trends in the North American market, other regional benchmarks provide insights into global oil dynamics. For example, Dubai Crude (Fateh), an important benchmark for Asia, averaged ***** U.S. dollars per barrel in 2023, down from ***** U.S. dollars the previous year. Similarly, Russia's Urals crude oil, a major export brand, saw its price fluctuate in response to global events and policy decisions, such as the price cap imposed by the G7, EU, and Australia in December 2022. These regional variations highlight the complex interplay of supply, demand, and geopolitical factors in shaping global oil prices.

In September 2025, the average monthly price of the Canadian oil benchmark Western Canadian Select amounted to ******U.S. dollars per barrel. This was a slight decrease compared to the previous month. Western Canadian Select is a heavy sour blend of crude oil, produced exclusively in Western Canada. The importance of Canada’s oil sands Not only are the oil sands a vital part of the Canadian energy industry, they play a large part in the national economy as well. In 2024, the oil sands extraction industry contributed nearly 40 billion Canadian dollars to Canada's GDP. This represented a share of **** percent of the total GDP. Furthermore, they are the largest single source of oil exports to their neighbors to the south, the United States. Oil sands are a combination of sand, water, and bitumen, and therefore a more expensive source of crude oil than conventional oil as oil sands require extensive processing. Meanwhile, that same year the contribution of conventional crude oil and gas extraction stood at **** billion Canadian dollars, which translated to **** percent of total GDP. Canada’s main oil export partner remains the U.S. In 2024, Canada’s oil exports amounted to over *** million barrels per day. This was a historical high and represented more than twice the amount exported in 2005 thanks to oil sand exploration. The United States is Canada’s main oil destination market, receiving *** million metric tons in 2024. Far in second place came China, with *** million metric tons exported there that same year.

Canada Avg Retail Price: Heating Fuel: Alberta: Edmonton data was reported at 155.400 0.01 CAD/l in Mar 2025. This records a decrease from the previous number of 164.500 0.01 CAD/l for Feb 2025. Canada Avg Retail Price: Heating Fuel: Alberta: Edmonton data is updated monthly, averaging 85.800 0.01 CAD/l from Jan 1990 (Median) to Mar 2025, with 423 observations. The data reached an all-time high of 193.400 0.01 CAD/l in Jun 2022 and a record low of 41.900 0.01 CAD/l in Jan 1990. Canada Avg Retail Price: Heating Fuel: Alberta: Edmonton data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.P015: Fuel Oil Price at Self Service Filling Stations. [COVID-19-IMPACT]

Canada Avg Retail Price: Heating Fuel: Alberta: Calgary data was reported at 162.500 0.01 CAD/l in Mar 2025. This records a decrease from the previous number of 167.700 0.01 CAD/l for Feb 2025. Canada Avg Retail Price: Heating Fuel: Alberta: Calgary data is updated monthly, averaging 87.400 0.01 CAD/l from Jan 1990 (Median) to Mar 2025, with 423 observations. The data reached an all-time high of 196.300 0.01 CAD/l in Jun 2022 and a record low of 40.000 0.01 CAD/l in Mar 1990. Canada Avg Retail Price: Heating Fuel: Alberta: Calgary data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.P015: Fuel Oil Price at Self Service Filling Stations. [COVID-19-IMPACT]

The sharp deterioration in crude oil prices of the past two years has not only had impacts on Alberta’s business sector and on government finances, but is also affecting Alberta’s consumers as they are less confident about their job situation and are cutting back on their household purchases as a result.

Canada's oil sands extraction industry contributes around ** billion Canadian dollars to the country's GDP. This equates to **** percent of total GDP. Since 2016, contributions by the industry, which is largely based in Alberta, have seen a net increase, rising to their highest value in 2024.

The price of Canadian oil represents the price of Western Canadian Select (WCS), the price obtained by most Alberta producers of oil. Annual figures are presented as the equally weighted average of monthly averages. Figures are derived from published Economic Dashboard of Alberta and Bank of Canada data.

Athabasca Oil stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

Natural Gas: Alberta Market Price data was reported at 2.366 CAD/GJ in Nov 2025. This records an increase from the previous number of 1.248 CAD/GJ for Oct 2025. Natural Gas: Alberta Market Price data is updated monthly, averaging 1.890 CAD/GJ from Jan 2012 (Median) to Nov 2025, with 167 observations. The data reached an all-time high of 6.860 CAD/GJ in Jun 2022 and a record low of 0.695 CAD/GJ in Sep 2024. Natural Gas: Alberta Market Price data remains active status in CEIC and is reported by Canadian Gas Association. The data is categorized under Global Database’s Canada – Table CA.P: Natural Gas Price.

加热燃料：平均零售价格：阿尔伯特：埃德蒙顿在03-01-2025达155.4000.01 CAD/l，相较于02-01-2025的164.5000.01 CAD/l有所下降。加热燃料：平均零售价格：阿尔伯特：埃德蒙顿数据按月更新，01-01-1990至03-01-2025期间平均值为85.8000.01 CAD/l，共423份观测结果。该数据的历史最高值出现于06-01-2022，达193.4000.01 CAD/l，而历史最低值则出现于01-01-1990，为41.9000.01 CAD/l。CEIC提供的加热燃料：平均零售价格：阿尔伯特：埃德蒙顿数据处于定期更新的状态，数据来源于Statistics Canada，数据归类于全球数据库的加拿大 – Table CA.P015: Fuel Oil Price at Self Service Filling Stations。

Recent studies have shown that conservation gains can be achieved when the spatial distributions of biological benefits and economic costs are incorporated in the conservation planning process. Using Alberta, Canada, as a case study we apply these techniques in the context of coarse-filter reserve design. Because targets for ecosystem representation and other coarse-filter design elements are difficult to define objectively we use a trade-off analysis to systematically explore the relationship between conservation targets and economic opportunity costs. We use the Marxan conservation planning software to generate reserve designs at each level of conservation target to ensure that our quantification of conservation and economic outcomes represents the optimal allocation of resources in each case. Opportunity cost is most affected by the ecological representation target and this relationship is nonlinear. Although petroleum resources are present throughout most of Alberta, and include highly valuable oil sands deposits, our analysis indicates that over 30% of public lands could be protected while maintaining access to more than 97% of the value of the region's resources. Our case study demonstrates that optimal resource allocation can be usefully employed to support strategic decision making in the context of land-use planning, even when conservation targets are not well defined.

Canola fell to 645.74 CAD/T on December 2, 2025, down 0.22% from the previous day. Over the past month, Canola's price has risen 1.87%, and is up 9.86% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Canola - values, historical data, forecasts and news - updated on December of 2025.

Capital investment was the largest contributor to Alberta’s economic growth between the mid-nineties and 2014. However, low oil and gas prices resulted in declining capital investment in Alberta in 2015 and 2016. Although rising oil and gas prices are expected to lead to some improvement for the conventional oil and gas sector, capital investment in most other sectors is expected to remain weak this year.

Canada GDP: CL 2017p: Alberta: Mining, Quarrying & Oil & Gas Extraction data was reported at 66,904.700 CAD mn in 2024. This records an increase from the previous number of 64,406.700 CAD mn for 2023. Canada GDP: CL 2017p: Alberta: Mining, Quarrying & Oil & Gas Extraction data is updated yearly, averaging 44,942.600 CAD mn from Dec 1997 (Median) to 2024, with 28 observations. The data reached an all-time high of 66,904.700 CAD mn in 2024 and a record low of 38,156.200 CAD mn in 2002. Canada GDP: CL 2017p: Alberta: Mining, Quarrying & Oil & Gas Extraction data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.A029: CSMA: GDP by Industry: Chain Linked 2017 Price: by Province and Territory.

Gasoline Prices in Canada increased to 1.02 USD/Liter in November from 1 USD/Liter in October of 2025. This dataset provides the latest reported value for - Canada Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The statistic shows the average inflation rate in Canada from 1987 to 2024, with projections up until 2030. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2022, the average inflation rate in Canada was approximately 6.8 percent compared to the previous year. For comparison, inflation in India amounted to 5.56 percent that same year. Inflation in Canada In general, the inflation rate in Canada follows a global trend of decreasing inflation rates since 2011, with the lowest slump expected to occur during 2015, but forecasts show an increase over the following few years. Additionally, Canada's inflation rate is in quite good shape compared to the rest of the world. While oil and gas prices have dropped in Canada much like they have around the world, food and housing prices in Canada have been increasing. This has helped to offset some of the impact of dropping oil and gas prices and the effect this has had on Canada´s inflation rate. The annual consumer price index of food and non-alcoholic beverages in Canada has been steadily increasing over the last decade. The same is true for housing and other price indexes for the country. In general there is some confidence that the inflation rate will not stay this low for long, it is expected to return to a comfortable 2 percent by 2017 if estimates are correct.