The real consequence of a shortage of Canadian pipelines may be the impact on investor confidence, and that value may never be known. Trans Mountain photo. Pipelines are running near capacity as output grows By [Read more]
Asia’s share of global crude oil imports rises from 50% today to more than two-thirds by 2040 The International Energy Agency’s new World Energy Outlook is the story of a series of upheavals in global energy, in [Read more]
“If you want to do something about our reliance on fossil fuels then address the demand for them not the transportation of them.” By Lori Ackerman, Mayor of the City of Fort St. John, British Columbia Dear British Columbia [Read more]
In their scholarly article published in Trends in Cognitive Sciences, Jay J. Van Bavel and Andrea Pereira focus on the role of ideology and political partisanship in the United States, but many of the same arguments [Read more]
Since Redwater ruling, about 1800 AER-licensed sites disclaimed with estimated liabilities of more than $110 million By Jim Ellis, Alberta Energy Regulator president and CEO It’s a disturbing picture: oil and gas companies incentivized to [Read more]
US refiners exported more than 1.1 billion barrels of finished petroleum products in the first 11 months of 2017, an increase of almost 12 per cent compared with the same period in 2016. Valero photo. [Read more]
Strong fundamentals have discouraged aggressive short-selling and convinced many managers of hedge funds to retain (most of) their existing long positions despite the recent pull back in crude prices. Apache photo. Hedge funds hold over [Read more]
OPEC will review progress towards its goal of eliminating excess global inventories at its next regular meeting in June, but ministers have downplayed suggestions the review could lead to an early exit from the accord. [Read more]
Commentators have identified several possible triggers for the correction in oil prices, including the sharp drop in U.S. equities, recent dollar strengthening and the unexpectedly rapid increase in U.S. shale production. Shell photo. Near-record net [Read more]
The federal government’s announcement of new legislation for consideration of energy projects addresses competitiveness of the Canadian energy sector. This article was released by the C.D. Howe Institute and posted in the Globe and Mail [Read more]
If the forecasts prove correct, US shale producers will capture all or most of the predicted growth in global oil consumption this year. Repsol photo. OPEC pact participants conceding market share to US shale producers [Read more]
Hedge funds had built record net long position in Brent, NYMEX and ICE WTI, U.S. gasoline, U.S. heating oil and European gasoil a week earlier. Anadarko photo. Hedge funds cut long position in six most [Read more]
Methane emissions from oil and gas production and distribution is a widespread problem that persists up and down the supply chain. AP photo by Charles Rex Arbogast. Nearly 70 per cent of new methane emissions [Read more]
US oil production rising despite fewer rigs and producers focusing on “core” parts of the shale play, including the Permian basin. Apache photo. US oil production topped 10 million b/d in November: EIA By John [Read more]
In the current slump, drilling costs have recovered more slowly than normal as the market has absorbed a huge number of idled rigs. Apache photo. Drilling costs up over 10 per cent since November 2016 [Read more]
During the first year of the Trump presidency, we have seen a dizzying number of new state-based declarations of intent to maintain and expand on prior climate commitments. New York Times photo by Luke Sharrett. [Read more]
The current global trade expansion is expected to continue throughout 2018 and into 2019 which should support further rapid growth in freight volumes. CP Rail photo. Global trade growing at fastest rate since 2011 By [Read more]
If OPEC output cuts stay in place, market will tighten significantly in second half of 2018. OPEC photo. OPEC output cut targets a reduction in global crude stocks By John Kemp LONDON, Jan 25 (Reuters) [Read more]
End-use efficiency (modern equipment, improved insulation, heat recovery) reduces demand before heat is even generated By International Energy Agency Energy Analysts Elie Bellevrat and Kira West Industrial heat makes up two-thirds of industrial energy demand [Read more]
Rising near term prices for US natural gas will discourage gas consumption by electric generators in favour of coal and send a signal to gas producers to increase drilling and output. Wikimedia photo. Cold winter pushes [Read more]
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