Oil prices were down slightly in trading on Wednesday as the US dollar recovered from last week’s three-year lows and expectations that US crude stocks rose again last week. Repsol photo. US dollar a “trading [Read more]
OPEC data shows oil inventories in developed OECD economies are now 74 million barrels over their five-year average. In January 2017, crude stocks were 340 million barrels over the five-year average. Financial Tribune photo. Participants [Read more]
Commercial stocks of crude oil provide 452 million barrels, equivalent to another 172 days of import protection Recent legislation has directed the sale of more than 100 million barrels of oil from the U.S. Strategic [Read more]
Sooner governments allow for additional pipeline capacity to be built, all of Canada will be better off A recent report from Scotiabank economists show that the lack of crude oil pipelines is costing Canada $10.8 [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]
If Prime Minister Justin Trudeau hasn’t figured it out yet, John Horgan is not backing down over the Kinder Morgan pipeline. Any illusions that the BC premier was simply placating Andrew Weaver to maintain the [Read more]
The Toyota EV motor magnet will use lanthanum and cerium which are cheaper than neodymium, demand of which is expected to exceed supply after 2025. Toyota EV magnet development expected to be in use in [Read more]
Luis Almagro, head of the Organization of American States, says Venezuelan sanctions targeting oil industry would be in response to the South American country’s repressive political climate. El Comercio photo. Proposed Venezuelan sanctions on oil [Read more]
Oil prices were mixed on Tuesday with Brent slightly down and US WTI up by over 1 per cent. The discount between the two futures contracts is now at a six-month low. Statoil photo. Canadian [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]
Government proclaiming April as B.C. Wine Month to support wine industry In a move the Premier John Horgan says is aimed at protecting British Columbia’s wine producers, the BC government is formally challenging Alberta’s ban [Read more]
US ethane exports on Utopia pipeline that crosses into Canada near Detroit Over the next two years, EIA’s Short-Term Energy Outlook (STEO) projects growth in U.S. consumption of ethane in the petrochemical industry will exceed increases in consumption [Read more]
Oil prices rise, but concerns over higher US production tempered Monday gains. Apache photo. Oil prices rise as border incidents in Syria bring Israel and Iran closer to direct confrontation Oil prices rose slightly in [Read more]
Photo by Laura Keil, The Rocky Mountain Goat News “National interest” is not straightforward, Alberta Federation of Labour does not oppose Trans Mountain Expansion, not clear that dilbit sinks in marine environment Why should we [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]
Proposed regulations would accelerate phase-out of traditional coal-fired electricity across Canada to 2030 New draft regulations from the Ottawa are aimed at phasing out coal-fired power generation by 2030 while increasing the efficiency of gas-fired [Read more]
At issue is how long municipalities can take to process permit applications before delays infringe federal constitutional powers British Columbia is testing Canadian authority over inter-provincial pipelines in court, according to a Saturday press release. [Read more]
With existing technology, amount of remaining marketable natural gas estimated at 1,225 trillion cubic feet Canadian marketable natural gas production has remained steady in the last few years despite declining natural gas prices since 2014, according to [Read more]
A Russian self driving car took on icy roads during recent snowstorm to gather data to help autonomous vehicles travel in wintery conditions. Getty Images photo by Mikhail Svetlov. Russian self driving car test part of [Read more]
Last year, Enbridge identified non-core assets worth US$8 billion that it could sell to reduce its debt load. Enbridge accumulated more debt in merger with Spectra Energy in February 2017 The Globe and Mail reports [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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