This article was published by the International Energy Agency on Sept. 12, 2024. By Ciarán Healy, Oil Market Analyst Alexander Bressers, Senior Oil Market Analyst Growth in Chinese oil consumption hits the brakes after surging [Read more]
This article was published by The Energy Mix on June 17, 2024. By Mitchell Beer Global oil demand is set to peak this decade, producing a surplus of millions of barrels per day that will [Read more]
This article was published by the US Energy Information Administration on Oct. 23, 2023. By Erik Kreil, Sean Hill The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) effectively lifted most U.S. sanctions on [Read more]
This article was published by the US Energy Information Administration on Nov. 6, 2023. By Naser Ameen, Laia Munoz Cortijo In 2022, annual production of associated-dissolved natural gas (or associated natural gas) increased 9 per cent [Read more]
LONDON/HOUSTON/SINGAPORE, 23 October 2023 – Addressing Chevron’s acquisition of Hess, David Clark, Vice President, Corporate Research for Wood Mackenzie said, “Three weeks ago, Chevron was the leader among Major’s in the Permian, was underweight deepwater, [Read more]
Calgary, Alberta – Suncor Energy announced on Thursday that it has agreed to purchase TotalEnergies EP Canada Ltd., which holds a 31.23 per cent working interest in the Fort Hills oil sands mining project for [Read more]
This article was published by the US Energy Information Administration on August 14, 2023. By Kimberly Peterson, Sean Hill In 2022, the value of energy trade between the United States and Canada surpassed the previous [Read more]
This article was published by the Canada Energy Regulator on August 16, 2023. Canada imported its lowest amount of crude oil in more than 30 years in 2022, continuing a trend that started in 2020 during [Read more]
Time for careful evaluation of impact on McClelland Lake’s two fens and their 60 kilometres of sensitive peat-producing wetlands? Critics call it the “Alberta Energy Facilitator.” A spat emerging over Suncor’s proposed McClelland Lake oil [Read more]
This article was published by the US Energy Information Administration on July 19, 2023. By Jeff Barron We forecast higher crude oil prices in the second half of 2023 and into 2024 in our latest Short-Term [Read more]
This article was published by the US Energy Information Administration on May 9, 2023. By Sean Hill, Owen Comstock The Organization of the Petroleum Exporting Countries, also known as OPEC, was formed in 1960 by Iraq, Iran, [Read more]
On Wednesday, Suncor Energy announced that it has agreed to purchase TotalEnergies’ Canadian operations in the Alberta oil sands for $5.5 billion. TotalEnergies holds a 31.23 per cent working interest in the Fort Hills oil [Read more]
This article was published by the US Energy Information Administration on April 20, 2023. By Kamron Daugherty After nearly two decades of steady declines, Mexico’s petroleum and liquid fuels production has remained stable since 2019, [Read more]
This article was published by the Pembina Institute on March 15, 2023. By Janetta McKenzie, Scott MacDougall, Jonathan Arnold (Canadian Climate Institute) The U.S. Inflation Reduction Act has sparked concerns about the competitiveness of Canada’s upstream oil [Read more]
This article was published by the Canada Energy Regulator on March 15, 2023. Bitumen produced from Alberta’s oil sands is either mined or produced from wells. Only shallow bitumen, up to 75 metres deep, can be [Read more]
This article was published by the US Energy Information Administration on Jan. 25, 2023. By Matthew French, Alexander DeKeyserling, Naser Ameen In our January 2023 Short-Term Energy Outlook, we forecast that crude oil production in [Read more]
LONDON/HOUSTON/SINGAPORE, 14 December 2022 – Oil and gas companies face new opportunities but also fresh challenges in 2023. Wood Mackenzie released the Corporate oil and gas: 5 things to look for in 2023 report on [Read more]
CALGARY, AB — A new report from the Pembina Institute finds that global oil demand is likely to enter into long-term decline before 2030. Pembina says it’s report, The future of oil in the energy [Read more]
This article was published by the International Energy Agency on Oct. 27, 2022. The global energy crisis triggered by Russia’s invasion of Ukraine is causing profound and long-lasting changes that have the potential to hasten [Read more]
This article was published by the US Energy Information Administration on Oct. 11, 2022. By Matt French In the first half of 2022, U.S. crude oil production averaged 11.1 million barrels per day (b/d), up [Read more]
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