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News

Alberta production limits impact large oil producers the most

October 31, 2019 Energi Staff

This article was published by the National Energy Board on Oct. 3o, 2019. The Government of Alberta capped Alberta crude oil production at 3.56 million barrels per day (MMb/d) on 1 January 2019. This was in response to Alberta crude [Read more]

Opinion

Opinion: Oil traders bet Saudi Arabia, White House lift oil prices

February 21, 2019 Energi Staff

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]

News

Opinion: Could tight oil go global?

January 3, 2019 Energi Staff

The latest assessment estimates that there are around 350 billion tight oil barrels that are technically recoverable outside the United States (triple the amount in the United States).  Anadarko photo. US tight oil production expected [Read more] [Read more]

OPEC output
News

Agreement near on OPEC output, Iran softening opposition

June 21, 2018 Energi Staff

Just ahead of the OPEC meeting on Friday, participants at the cartel’s ministerial committee meeting say they are getting closer to an agreement that would likely see OPEC output increase by about 1 million b/d.  [Read more]

News

Global oil demand unclear, Equinor boosts renewable energy investments

June 7, 2018 Energi Staff

Norwegian oil and gas company Equinor says global oil demand could peak in the early 2020s if countries hit their climate goals or continue to grow into the 2050s in a “conflict-ridden world”.   Equinor photo [Read more]

US crude exports
News

Record US crude exports to Asia bite into Russian, OPEC markets

May 28, 2018 Energi Staff

Record high US crude exports to Asia are cutting into traditional Russian and OPEC markets and the widening discount between Brent crude and WTI prices is encouraging buyers to diversify.  Bloomberg News photo by Eddie [Read more]

hedge funds
Opinion

Opinion: Hedge funds take profits after extraordinary oil rally

May 14, 2018 Energi Staff

Managers of hedge funds, concerned about a significant downside risk as rising costs cut crude demand and stimulate increased production, appear to be locking in some profits after the recent bull run in oil prices.  [Read more]

OPEC
Opinion

Opinion: Mission accomplished for OPEC as oil moves from slump to boom

April 24, 2018 Energi Staff

John Kemp argues that if OPEC maintains its current output curbs through December, the market is set to become exceptionally tight, which will push prices and spreads towards unstable levels.  Anadarko photo. By John Kemp [Read more]

hedge fund
News

Opinion: Hedge fund oil bulls downplay macro risks

April 3, 2018 Energi Staff

Hedge fund managers increase their net long position in six important futures and options contracts linked to oil prices by 85 million barrels in the week ending March 27.  Anadarko photo. Hedge fund managers bullish [Read more]

oil futures
Opinion

Opinion: China’s crude oil futures contract should confound the sceptics

March 29, 2018 Energi Staff

China’s new crude oil futures contract has a good chance of confounding the doubters and becoming a regional benchmark where other contracts have failed.  Wall Street Journal photo. China’s oil futures fulfil commercial hedging needs, [Read more]

Opinion

Opinion: Brent calendar spreads tighten again for second half of 2018

March 22, 2018 Energi Staff

Brent spreads have been gradually moving from contango to backwardation since early 2015 or early 2016 as the oil market has gradually rebalanced after the slump in 2014/15. Shell photo. Brent calendar spreads the most [Read more]

OPEC supply cut
News

Compliance with OPEC supply cut deal hits record high, shrinks oil glut

March 21, 2018 Energi Staff

In February, compliance among producers participating in the OPEC supply cut agreement hit a record high of 138 per cent, up from January’s high of 133 per cent. Anadarko photo by Mike Goldwater.   OPEC supply [Read more]

US shale
Opinion

Opinion: US shale surge sends warning to OPEC

February 7, 2018 Energi Staff

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]

OPEC producers
News

Higher crude supply from US shale, non-OPEC producers counters cartel’s cuts

January 19, 2018 Energi Staff

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]

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In the Spotlight

Smith’s panel on Alberta’s energy future is a bad joke

by Markham Hislop in Markham on Energy

“A new advisory panel will develop a long-term vision for Alberta’s energy future and recommend steps the province should take to ensure the industry [emphasis added] continues to thrive for decades to come.” Premier Danielle [Read more]

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Latest News

  • Opinion: Canadian oil sands don’t need more public support to compete with the U.S. March 30, 2023
  • Renewable generation surpassed coal and nuclear in the U.S. electric power sector in 2022 March 30, 2023
  • In 2022, U.S. crude oil exports increased to a new record, 3.6 million barrels a day March 30, 2023
  • Market Snapshot: Western Canadian Natural Gas Production Reaches a Record High in 2022 March 30, 2023
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Latest News
  • Opinion: Canadian oil sands don’t need more public support to compete with the U.S.
  • Renewable generation surpassed coal and nuclear in the U.S. electric power sector in 2022
  • In 2022, U.S. crude oil exports increased to a new record, 3.6 million barrels a day
  • Market Snapshot: Western Canadian Natural Gas Production Reaches a Record High in 2022
  • Market Snapshot: Trends in in-situ bitumen production
Markham on Energy
  • Smith’s panel on Alberta’s energy future is a bad joke
    February 16, 2023
  • Notley should lead discussion about Alberta oil/gas emissions and job losses, not sabotage it
    January 18, 2023
  • Danielle Smith has an oil and gas marketing plan, not a climate plan
    January 15, 2023
  • To PM Trudeau: No more federal money for Alberta CCUS until oil sands project changed
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    January 7, 2023
Opinions
  • BC Energy Action Framework closes a major gap in CleanBC plan
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    June 29, 2022
  • OPINION: G7 must seize opportunity to shift public finance from conflict-fuelling gas into clean energy
    May 26, 2022

News: editor@energi.media

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