Last year, during an annual dinner in London between one of our biggest oil and gas companies and UK investment houses, the new reality confronting Alberta hit home. The dinner had been, in the glory [Read more]
Senator Paula Simons posted this letter on her Facebook page on May 16, 2019. The image up above is of the Skeena River. I took this photo as I traveled from Prince Rupert to Terrace [Read more]
By Eric Denhoff, former Alberta deputy minister of environment and climate change I was in Calgary last year meeting with a major US investment house that is heavily involved in financing the Alberta oil patch. [Read more]
By AUMA President Barry Morishita This column was posted on auma.ca on May 8, 2019. For the past several weeks, I have heard a lot of chatter about municipalities considering boycotting the Federation of Canadian [Read more]
This article was published by the C.D. Howe Institute on April 23, 2019. New federal government carbon pricing regulations for electricity generators will reduce the average carbon cost for coal plants, while decreasing incentives for [Read more]
The truth is: if we care about Alberta’s energy industry and the people who work in it, everyone needs to start working together. Polarization, spurious accusations, and name-calling will not make new energy projects move [Read more]
In 2018, the US trade deficit hit $621 billion, up over 12 per cent compared to the previous year. This is still below the record high $761 billion set in 2006. US trade deficit worsened [Read more]
Hedge funds continued to boost their bullish position in crude and fuels last week despite a call from U.S. President Donald Trump for OPEC to “relax and take it easy”. Anadarko photo by Mike Goldwater. [Read more]
NOPEC bills were introduced into the House of Representatives (HR 948) and the Senate (S 370) early last month, where they were referred to the respective judiciary committees for detailed consideration. Bloomberg photo. NOPEC bills [Read more]
Investors remain cautious despite reports of progress in trade talks between the United States and China and a much more dovish tone in recent comments from Federal Reserve policymakers. Looming US election, mature business cycle, [Read more]
In a tweet on Monday, US President Donald Trump warned OPEC not to tighten the oil market too much and risk another jump in oil prices that could harm the global economy. BP photo. Oil [Read more]
Hedge fund managers are gambling on Saudi Arabia’s determination to tighten the market and lift oil prices plus a relatively tough sanctions policy from the White House to counteract weakness from other sources. Repsol photo. [Read more]
Saudi Arabai has demonstrated, once again, that it can always tighten the physical market, boost prices and push the calendar spread into backwardation – if it is prepared to cut its own production enough. Reuters [Read more]
Hedge funds now hold a net long position of 266 million barrels in Brent, up from 136 million at the start of December, though still far below the almost 500-million-barrel position at the end of [Read more]
The available financial and real economic data suggests the US economy is poised between continued growth at a slower rate or the onset of a recession. Port of Long Beach photo. US economy cannot afford [Read more]
Front-month Brent futures oil prices have jumped to almost $65 per barrel, up from just $50 in late December, and the highest for nearly three months. Equinor photo by Ole Jørgen Bratland. Oil prices rise [Read more]
In its Oil Market Report released on Feb. 13, the International Energy Agency discusses US sanctions against Iran and Venezuela and their impact on the US Gulf Coast refiners. Valero photo. Oil Market Report: Crude [Read more]
Venezuela’s heavy crudes, such as Merey, have few close substitutes, with the nearest being grades such as Brazil’s Marlim, Mexico’s Maya, Canada’s Bow River and Cold Lake, or Iraq’s Basra Heavy. Most heavy crudes have [Read more]
Hedge funds and other money managers increased their net long position in Brent crude futures and options for the eighth time in the last nine weeks but by just 1 million barrels. Anadarko photo. Hedge [Read more]
Financial market movements, business cycles, oil cycles and even the rise and fall of companies, corporate leaders and politicians – none of them can be properly explained and predicted by the traditional narrative model. Anadarko [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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