New regulations take effect in 2020 The Alberta government announced a draft directive to deliver on commitment to cut industrial methane emissions 45 per cent by 2025, according to a press release. A key component [Read more]
Oil prices hit their highest level since November 2014 Tuesday on strong global demand, OPEC’s supply cut agreement and the possibility that US sanctions could be imposed on Iran. Anadarko photo. Oil prices could rise [Read more]
Alberta oil producers are struggling to get crude to market as Canadian pipelines are at full capacity and rail lines are pressured to ship agricultural products at certain times in the year. Reuters photo by [Read more]
Hedge fund managers have gambled everything on a goldilocks scenario in which oil prices rise without damaging demand or spurring too much shale drilling. Anadarko photo. Hedge fund community’s positioning has become “exceptionally lopsided” By [Read more]
Despite a $312 million writedown on Halliburton Co assets in Venezuela, the company reported a 34 per cent jump in first quarter revenue, mostly due to strong North American demand. Reuters photo by Richard Carson. [Read more]
On Friday, Baker Hughes data showed the US oil rig count rose by five to 820, 132 more than this time last year. In Canada, the oil rig count is down by three to 38. [Read more]
Early on Friday morning, US President Donald Trump tweeted that “OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very [Read more]
US oil prices hit $69.56 during trading on Friday, the highest since Nov. 28, 2014. Benchmark Brent touched $74.74/barrel, its highest since Nov. 27, 2014. Anadarko photo. Oil prices rise as global crude glut shrinks [Read more]
Two unions with the Canadian Pacific Railway have issued 72 hour strike notice. A CPR strike could derail any recovery in the Alberta oil industry which has suffered heavy losses since the 2014 oil price [Read more]
Oil prices rose on Wednesday after Saudi Arabia reportedly said it would like to see oil hit $100/barrel and data from the US Energy Information Administration showed US crude stocks fell last week. Repsol photo. [Read more]
On Tuesday, oil prices remained steady as investors took profit after last week’s gains. Prices were supported by possible US sanctions could restrict Iranian oil exports and falling production in embattled Venezuela. Pioneer Natural Resources [Read more]
Hedge funds positioning in Brent has become exceptionally stretched and is a significant source of downside risk if and when fund managers try to realize some of their profits. Anadarko photo. Hedge funds bullishness becoming [Read more]
BP carbon emissions will remain at current levels into 2025, despite the company increasing its oil and gas output. The global oil major pledged to maintain its CO2 levels due to rising investor pressure to [Read more]
OECD exports of crude oil, NGL, and feedstocks increased by 10.3% in 2017 with largest volumes destined for US (mainly from Canada, Far East) The International Energy Agency has released a report on key oil [Read more]
Oil prices recovered some losses on Monday after weekend air strikes in Syria calmed investors’ concerns over escalating Middle Eastern tensions. AP photo by Hassan Ammar. Oil prices down over 1 per cent Oil prices [Read more]
The International Energy Agency says OPEC and non-OPEC countries participating in the cartel’s supply cut agreement have reached their goals of cutting global crude stocks to desired levels. Bloomberg photo by Daniel Acker. OPEC goal [Read more]
Oil prices rose on Friday and are headed for their largest weekly gain since last July due to increasing tensions in the Middle East and OPEC’s report showing global oil stocks rapidly declining. Statoil photo [Read more]
Mohammed bin Salman, Saudi Arabia’s Crown Prince, has made the Saudi Aramco IPO a cornerstone of the kingdom’s economic reform to 2030. He is looking to raise $100 billion by selling a 5 per cent [Read more]
Oil markets are tightening as the global oil stocks surplus that decimated oil prices in 2014 is close to evaporating, according to a monthly report by the Organization of Petroleum Exporting Countries. Getty Images photo [Read more]
Oil prices slipped slightly on Thursday as the rising US dollar cut short a rally earlier this week that boosted crude prices to levels not seen since late 2014. Anadarko photo. Oil prices dip despite [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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