Renaissance Oil Corp. RNSFF

How long till Canada shuts down

[farml1234]

Is Alberta toast?? Canada's Crude Benchmark Falls Record Low As Oil Plunges, Bloomberg Reports Sector Summary19 minutes ago by MT Newswires 10:05 AM EDT, 03/18/2020 (MT Newswires) -- Canada's crude oil benchmark fell below US$10 per barrel early on Wednesday, Bloomberg reported on Wednesday, a record low. According to the news service, the price of Western Canada Select crude is now trading at US$9.19 per barrel, down US$3.04, the lowest since the benchmark was established in 2005. A number of Canadian oil producers have slashed capital spending and dividends to cope with prices that have plunged as quarantines slash demand even as Russia and Saudi Arabia boost production to win market share.