Oil prices were mixed on Thursday as the rising US dollar, increasing US crude production outweighed Saudi Arabia’s forecasted decline in crude exports by about 100,000 b/d in August. Oil prices down as US dollar [Read more]
Russia remains the largest gas flaring country, but also showed the largest decline in flaring in 2017 while Iran and Libya both showed increases in flaring. Dreamstime photo by Bulat Karimov. Global gas flaring down 5 [Read more]
The Strategic Petroleum Reserve was established to deal with short-term crude supplies interruptions and is not meant to manage long-term changes in the supply situation, including supply shortages resulting from the Trump administration’s decision to re-impose [Read more]
Shell Canada supports Alberta’s industrial biotechnology sector – biofuels, industrial solvents, bioplastics, etc. Alberta is spending up to $70 million to support new, emissions-reducing technologies through a new competition called Biotechnology, Electricity and Sustainable Transportation Challenge, which is [Read more]
Oil prices rose on Wednesday even after the US Energy Information Administration reported a rise in US crude stocks by 5.8 million barrels last week and rising US production that hit a record-breaking 11 million [Read more]
Emerge Energy Services, a Texas-based silica sand mining company, says it has signed an agreement with Torq Energy Logistics to open a northeastern BC frac sand terminal in the community of Buick. Getty Images photo. [Read more]
If natural gas production continues to grow, and natural gas prices continue to fall, some producers in the Permian Basin may cease oil production to avoid producing associated natural gas. San Antonio Express News photo by [Read more]
Only Trudeau government can fix pipeline problem, so industry and Alberta need to pressure Prime Minister for solution With 10 months to go until the Alberta election, energy issues are being hotly debated, none more [Read more]
With the global oil market running out of spare capacity, John Kemp argues that a world-wide economic slowdown will ease upward pressure on oil prices. Anadarko photo. Economic slowdown expected later in 2018 or 2019 [Read more]
After a rocky week of trading, oil prices steadied on Tuesday as the market turned its focus to dropping US crude stockpiles and the ongoing decline of Venezuela’s oil industry. Anadarko photo. Oil prices lost [Read more]
According to the National Energy Board, Canada exports more natural gas than it imports and since 2011, natural gas export volumes have been about three times as much as the import volumes. Seven Generations Energy [Read more]
The share of global energy investment driven by more resilient state-owned oil and gas and thermal power enterprises increased over the past five years to over 40 per cent in 2017. Thinkstock by Getty Images [Read more]
The United States Energy Information Administration released its Short Term Energy Outlook last week. One of the forecasts issued by the agency is a drop in US crude imports from 3.7 million b/d in 2017 [Read more]
During a joint press conference on Monday, Russian President Vladimir Putin told reporters that Russia and the US could work together on oil market regulation to avoid oil price volatility. Getty Images photo by Chris [Read more]
Canada oil sands importance to heavy oil markets rises, though constrained pipeline infrastructure will weigh on investment decisions, according to IHS Markit. Syncrude photo. Production growth from the Alberta oil sands will moderate in the [Read more]
Prof. Victor Flatt. Federal climate policy under Trump is a confusing jumble of legislation and litigation, Texas has none and never will, while California is plunging ahead aggressively Under Barack Obama, the United States was [Read more]
Brent oil prices fell by over four per cent on Monday after Libya announced it had reopened its oil ports and Russia said it could increase its production if crude supplies fall short of demand. [Read more]
Brazil and Canada underpin medium-term conventional non-OPEC oil supply growth, adding the most production outside of the US by 2030. Cenovus photo. According to resources consultancy Wood Mackenzie, OPEC will continue its kingpin role in [Read more]
Based on information reported to EIA in the most recent update, US refinery capacity will not expand significantly during 2018. Phillips 66 photo. US refinery capacity has helped accommodate rising US crude production By [Read more]
Higher production levels at the Alberta oil sands translated into substantial greenhouse gas emissions growth: over the whole record, oil sands emissions alone grew 367 per cent to 72 megatonnes (Mt). Canada behind in its [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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