The hedge funds’ net long position in WTI increased from 455 million barrels to 542 million barrels between Jan. 2 and Jan 16 compared with only a minor increase in Brent. Hedge funds have increased [Read more]
Europe has a history of dramatically closing down power plants in response to political pressures. Nuclear power has been the main target due to public concerns about safety and waste disposal. Originally posted on The [Read more]
Saudi Arabia’s Energy Minister Khalid al-Falih said he thinks participants in the OPEC supply pact should continue to work together on rebalancing the oil markets beyond the end of 2018. Reuters photo by Heinz-Peter Bader. [Read more]
Economic growth fuels business confidence and investment intentions in Canada Higher-than-expected economic growth in 2017 will fuel Canadian business confidence in 2018, leading to a jump in planned investments by small and mid-sized enterprises (SMEs), says a new study. The [Read more]
Source: U.S. Energy Information Administration, Short-Term Energy Outlook, natural gas Non-hydro renewables’ share of total US utility-scale generation to exceed 10% for first time in 2019 EIA’s Jan. 2018 Short-Term Energy Outlook (STEO) forecasts that natural gas will remain [Read more]
NEB finds that City of Burnaby’s permit review process was “unclear, inefficient, and uncoordinated” Anyone who thinks the City of Burnaby is hard done by because the National Energy Board recently agreed to grant Trans [Read more]
OPEC producers continue to match and better pledges made to cut their crude output. CNBC photo. OPEC producers cut output by 1.8 million b/d to rebalance market OPEC producers are concerned rising US shale production [Read more]
NEB says Trans Mountain still required to comply with applicable provincial, municipal laws The National Energy Board (NEB) announced a process to resolve potential future permitting disputes between Trans Mountain Pipeline, provincial and municipal authorities [Read more]
China coal use has risen significantly, despite pledges by Beijing to cut back on the carbon intense fuel. ChinaFotoPress/ChinaFotoPress via Getty Images. China coal mining ramped up to highest levels in years China coal miners [Read more]
NOAA, NASA scientists confirm Earth’s long-term warming trend continues After three consecutive years of record-high temperatures for the globe, Earth was a slightly cooler planet in 2017. But not by much, according to the U.S. [Read more]
SeaRose production is 27,000 barrels of oil a day Husky Energy will begin taking steps to suspend operations of its SeaRose floating production, storage and offloading vessel (FPSO) and associated production facilities offshore Newfoundland and Labrador. This [Read more]
Growth in Permian Basin projected to associated natural gas production, national output reaches 4.6 million b/d by 1019 In its Jan. 2018 Short-Term Energy Outlook (STEO), the EIA forecasts that total fossil fuels production in the United [Read more]
If pipeline continues regulatory hurdles and uncertainty, project may become “untenable” The Trans Mountain Expansion Project(TMEP) continues to make progress on approvals from the NEB, government of BC and government of Alberta, according to a Kinder Morgan [Read more]
Fully recharging battery can take 4 to 8 hours with basic charging stations Canada has a small but growing fleet of electric vehicles (EVs). EV sales are accelerating, but still account for less than 1 per cent of [Read more]
Venezuelan oil output has fallen significantly and experts say the decline could continue. AFP/Getty Images photo. Venezuelan oil output down nearly 13 per cent last year OPEC data released on Thursday showed Venezuelan oil output [Read more]
Oil prices were mixed in trading on Thursday after the US EIA reported a significant drawdown in US crude stocks. Encana photo. Oil prices recover after slipping below $69/barrel Thursday Oil prices rebounded after slipping [Read more]
Washington and Oregon states both have put forward pollution pricing plans to their legislatures for approval this year. BP photo. Pollution pricing already in place in California, British Columbia By the end of 2018, California, [Read more]
Oil prices rose on Wednesday slightly as analysts await data reports from the API and EIA. ConocoPhillips photo. Oil prices up more than 50 per cent since June 2017 On Wednesday, oil prices rose slightly [Read more]
Natural gas-fired power plants supplied 32% of total US electricity in 2017, coal supplied 30% Wholesale electricity prices at major trading hubs in the eastern United States during 2017 were relatively unchanged from 2016, while [Read more]
Residents of Saskatchewan and New Brunswick could receive carbon tax rebate directly if provinces fail to comply The Federal Government has announced a regulatory framework for the carbon pricing system which is set to be [Read more]
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