Oil Price Forecasts (Real 2008 $Cdn)
(As of April 30, 2008)
Light Crude Oil
Heavy & Medium Oil
WTI
Edmonton
Alberta
Hardisty
Hardisty
Cromer
Hardisty
Cushing
Par Price
Royalty
Heavy
Lloydblend
Medium
Bow River
Oklahoma
40 API
Par Price
12 API
22.3 API
29.3 API
24.9 API
Year
$US/bbl
$/bbl
$/bbl
$/bbl
$/bbl
$/bbl
$/bbl
1997 Act
24.49
33.24
32.46
17.06
24.22
28.18
25.26
1998 Act
16.84
23.85
28.41
11.01
15.55
19.83
17.11
1999 Act
22.23
31.80
25.77
23.58
25.54
29.28
26.96
2000 Act
34.47
50.09
45.89
32.55
37.08
45.39
39.24
2001 Act
29.08
43.78
45.65
20.23
26.29
35.38
28.07
2002 Act
28.67
44.08
38.91
30.31
33.61
38.97
35.00
2003 Act
33.32
46.26
43.61
29.31
33.34
40.15
35.31
2004 Act
43.24
55.24
49.29
31.74
37.77
47.73
39.65
2005 Act
58.20
71.43
68.85
35.41
44.11
59.12
47.02
2006 Act
67.08
74.40
72.40
43.97
51.05
63.28
52.32
2007 Act
73.35
78.22
76.22
45.44
52.71
66.34
53.96
2008 Est
104.84
104.36
100.66
68.50
76.13
90.94
77.89
2008 4mo Act
101.56
102.95
100.45
75.23
81.29
92.11
82.38
2008 8mo Est
106.48
105.07
100.77
65.14
73.55
90.36
75.65
2009
100.14
98.74
94.44
61.22
69.12
84.91
71.09
2010
95.86
94.46
90.16
58.57
66.12
81.24
68.01
2011
81.11
79.71
75.41
49.42
55.80
68.55
57.39
2012
75.00
73.61
69.31
45.64
51.53
63.31
53.00
2013
75.00
73.62
69.32
45.65
51.53
63.31
53.01
2014
75.00
73.63
69.33
45.65
51.54
63.32
53.01
2015
75.00
73.63
69.33
45.65
51.54
63.33
53.02
2016
75.00
73.64
69.34
45.66
51.55
63.33
53.02
2017
75.00
73.65
69.35
45.66
51.55
63.34
53.03
2018
75.00
73.65
69.35
45.67
51.56
63.34
53.03
Constant prices thereafter.
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