Oil prices will be influenced by the state of the global economy as well as US shale production growth, OPEC policy, US sanctions on Iran and possible US sanctions on Venezuela. Encana photo. “Predict what [Read more] [Read more]
In response to the re-election of President Nicolas Maduro, the Trump administration is considering imposing sanctions against Venezuelan oil exports, however, refiners in the US are concerned it would be even harder to secure heavy [Read more] [Read more]
Oil prices fell slightly on Wednesday as the US stock markets continued to struggle due to concerns about a weakening global economy. Anadarko photo. Oil prices down under 1 per cent Oil prices slipped during [Read more] [Read more]
Reuters reports that Husky Energy dropped its MEG takeover bid last week despite the approval of the deal from 60 per cent of MEG Energy shareholders. MEG Energy photo. MEG takeover deal scuttled on Jan. [Read more] [Read more]
The government of Alberta has offered a $440 million loan guarantee to a Calgary-based company planning to build a 77,500 barrel per day partial upgrading facility near Edmonton. Twitter photo. Oil sands upgrader will create [Read more] [Read more]
BC Pipeline rupture and explosion on Oct. 9 impacted natural gas customers in much of British Columbia and in some of the US Pacific Northwest. CKPGToday photo. BC Pipeline restrictions on industrial and commercial consumers have [Read more] [Read more]
Oil prices fell on Tuesday as the market grew more concerned about a slowing global economy and rising US production as well as smaller-than-expected cuts by OPEC and its allies. Encana photo. Oil prices down [Read more] [Read more]
In 2016, desalinated water accounted for 3 per cent of the Middle East’s water supply, but 5 per cent of its total energy consumption. TIME photo by Spencer Lowell. Middle Eastern desalinated water technology currently [Read more] [Read more]
The US shale boom, combined with generous waivers from US sanctions on Iran’s oil exports and the sharp fall in global equity markets, “created a near perfect storm to close out 2018”, according to oilfield [Read more] [Read more]
Nissan and two European energy companies are looking to develop technology that will allow power stored in EV batteries to be sold back to the grid. Nissan photo. New EV batteries technology could help stabilize [Read more] [Read more]
Keystone XL has been granted permission by the National Energy Board to begin winter clearing work on the North Spread are of the project. Great Falls Tribune photo by Rion Sanders. Keystone XL to transport [Read more] [Read more]
Oil prices teetered between slight gains and small losses on Monday on OPEC production cuts, but data showing a slowdown in China somewhat dampened investors’ enthusiasm. ConocoPhillips photo. Gains in oil prices reined in by [Read more] [Read more]
Hedge funds have started to accumulate bullish positions in crude oil and diesel once more, amid rising optimism about the outlook for the global economy in 2019. ConocoPhillips photo. Hedge funds, investors optimistic about future [Read more] [Read more]
The oil market has been somewhat rebalanced by OPEC’s supply cut agreement, which will see participants cut the group’s total production by at least 1.2 million barrels per day. Getty Images photo by Akos Stiller. [Read more] [Read more]
According to the US Energy Information Administration, natural gas prices in the forecast are expected to be comparable with recent years as production growth largely keeps pace with demand and export growth. Forecast natural gas prices [Read more] [Read more]
The US Energy Information Administration projects that the share of total U.S. electricity generation produced by all renewables other than hydropower will increase by three percentage points during the next two years. BP photo. Renewables [Read more] [Read more]
On Friday, the National Energy Board announced it has rejected a request from the City of Burnaby to rescind two orders that allow the Trans Mountain pipeline to work on pipeline relocations and decommissioning works [Read more] [Read more]
Albertans deserve the truth about why the Trans Mountain Expansion pipeline is stalled. Not half-truths and distortions, not fully-baked conspiracy theories, the truth. Unfortunately, they are not getting it from Vivian Krause, Licia Corbella, and the Calgary Herald. [Read more]
On Thursday, Husky Energy shocked investors when it announced it will abandon its hostile bid for MEG Energy. Husky announced last fall its intention to takeover the oilsands company, now says it could not win [Read more] [Read more]
Brent’s six-month calendar spread has strengthened from a contango of almost $1.80 per barrel to just 35 cents over the same period, suggesting OPEC cuts have succeeded in shifting market expectations about the 2019 outlook. [Read more] [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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