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Home2018June

Month: June 2018

oil prices
Financial

Oil prices mixed ahead of expected OPEC supply boost

June 21, 2018 Energi Staff

Oil prices were mixed in trading on Thursday with US WTI rising by pennies and OPEC-aligned Brent crude falling over 2 per cent.  The oil market is waiting to see if the OPEC supply cut [Read more]

OPEC output
News

Agreement near on OPEC output, Iran softening opposition

June 21, 2018 Energi Staff

Just ahead of the OPEC meeting on Friday, participants at the cartel’s ministerial committee meeting say they are getting closer to an agreement that would likely see OPEC output increase by about 1 million b/d.  [Read more]

oil prices
Opinion

Opinion: Oil prices will be driven by consumers rather than OPEC

June 21, 2018 Energi Staff

Oil traders are focused on the OPEC meeting in Vienna this week, however, the direction of oil prices over the next year will be more influenced by less visible developments in the major oil-consuming countries, especially [Read more]

US sanctions
News

Venezuela: US sanctions hurt global oil market stability

June 21, 2018 Energi Staff

Venezuelan Oil Minister Manuel Quevedo said on Thursday that US sanctions against the OPEC country are an attack on the stability of the global oil market.  PDVSA photo. US sanctions imposed on Venezuela following recent [Read more]

incentives
USA

State efficiency incentives averaged $24 per customer, ranged from $0 to $128 in 2016

June 21, 2018 Markham Hislop

Utility subsidies for LED bulbs across the United States typically ranged from $1 to $15 per bulb in 2016 U.S. electric utilities reported spending $3.6 billion on energy efficiency customer incentives in 2016, or an [Read more]

PDVSA exports
News

PDVSA exports down 32 per cent in June due to seizures, shipping backlog

June 20, 2018 Energi Staff

As of Wednesday, over 80 tankers were anchored off the Venezuelan coast waiting to load about 22 million barrels of crude and products for export.  Earlier in the month, the backlog hit 24 million barrels.   [Read more]

oil prices
Financial

Oil prices mixed on US crude draw, drop in Libyan production

June 20, 2018 Energi Staff

Oil prices were mixed on Wednesday with West Texas Intermediate rising after the US Energy Information Administration reported a drop in US crude stocks.  Brent prices slipped ahead of the OPEC meeting scheduled for later [Read more]

trade
Opinion

Trade turmoil ahead for Canada amid Trump administration’s protectionist policies – CBOC

June 20, 2018 Markham Hislop

The common front at G7 Summit was important signal that Canada is in good company on what looks to be a difficult file By Glen Hodgson, senior fellow, Conference Board of Canada The full Trump [Read more]

coal burning
News

Beijing cuts small-scale coal burning in 2 coal-dependent provinces by 2020

June 20, 2018 Energi Staff

On Wednesday, the Chinese government announced it will shut down small-scale coal burning in two of the countries northern, coal-dependent provinces by 2020.   PM2.5 emissions high in coal burning regions China says it plans to [Read more]

US shale
News

US shale producers concerned Chinese tariffs will target energy exports

June 20, 2018 Energi Staff

US shale producers and energy analysts are concerned that Chinese threats to slap tariffs on US petroleum products will cut into their sales to their largest customer.   US shale producers anxious as Beijing puts Trump’s [Read more]

Markham on Energy

Time for David Suzuki to address Canada’s energy dilemma: Science says we’re not ready to ditch oil

June 20, 2018 Markham Hislop

Dr. David Suzuki. Photo: CBC Energy dilemma: to reduce oil consumption requires cheap, longer-range EVs but battery science is decade or two from delivering David Suzuki is complaining “how difficult it is to have an [Read more]

transmountain
Canada

Canadians pick sides on Trans Mountain pipeline purchase

June 19, 2018 Energi Staff

Angus Reid polled Canadians on the Trudeau Trans Mountain pipeline deal.  The results show the majority of Canadians are split down the middle on the issue and 26 per cent of those asked are unsure.  [Read more]

Coastal GasLink
British Columbia

TransCanada awards contracts for Coastal GasLink Pipeline construction

June 19, 2018 Energi Staff

On Tuesday, TransCanada announced it has conditionally awarded contracts to two joint ventures and two companies to construct the proposed Coastal GasLink Pipeline Project.  TransCanada image.   Coastal GasLink contracts valued at $2.8 billion TransCanada announced [Read more]

The Deeper Picture

A deep dive into CAPP’s climate policy study: too risky, out of sync with govts, not supported by the evidence

June 19, 2018 Markham Hislop

If adopted, CAPP’s climate policy recommendation would be a major departure from current approach, align Canada more closely with Trump “innovation, not regulation” strategy Canada’s normally cautious oil and gas producers are rolling the dice. [Read more]

oil prices
Financial

Oil prices down on US/China trade dispute, OPEC supply concerns

June 19, 2018 Energi Staff

Oil prices fell slightly on Thursday as an escalating trade dispute involving China and the US concerned investors and prompted selloffs in a number of global markets.  Repsol photo.   Oil prices fall on possible OPEC [Read more]

ethane production
USA

Ethane production growth led to record US natural gas plant liquids production in 2017

June 19, 2018 Markham Hislop

Ethane prices began declining relative to natural gas prices in late 2011 and remained consistently lower than gas between 2013 and 2015 U.S. natural gas plant liquids (NGPL) production has nearly doubled since 2010, outpacing the rate [Read more]

autonomous
USA

Adoption of autonomous vehicles could increase US transportation energy consumption

June 19, 2018 Markham Hislop

Electricity consumption is higher in all cases Autonomous vehicles are one of the main sources of uncertainty in the future of U.S. transportation energy consumption, as autonomous vehicle technology has the potential to change travel [Read more]

oil prices
Financial

Oil prices rise despite possible OPEC output boost, US/China trade dispute

June 18, 2018 Energi Staff

Oil prices rose in volatile trading on Monday as the jittery market awaits the outcome of OPEC’s meetings later this week and investors considered the ramifications of a trade dispute between the US and China. [Read more]

solar alliance
Innovation

Canada’s Solar Alliance completes three eastern US solar projects

June 18, 2018 Energi Staff

White Rock-based Solar Alliance announced on Monday that it has completed the installation of three solar projects in Kentucky and West Virginia.  The company installed solar arrays in Louisville, Hazard and West Virginia with its [Read more]

precision drilling
Financial

Precision Drilling announces $75 M senior note redemptions, open market debt repurchases

June 18, 2018 Energi Staff

Precision Drilling says that on Monday, it expects to finalize a partial redemption of US$50 million of is 6.5 per cent senior notes which were to come due in 2021.  Company photo. Precision Drilling also [Read more]

Posts pagination

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In the Spotlight

The Canadian energy conversation is stuck in the wrong century

by Markham Hislop in Markham on Energy

Find Energi Media journalism in video, audio, and essays YouTube Channel: Video energy news Substack Essays: Thoughtful Energy Journalism Energi Talks Audio Podcast Real story of this energy crisis is not supply disruption, but demand [Read more]

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