Bottlenecks in pipeline capacity, soaring shale oil production in the US eroding Canadian oil producers’ competitiveness With oil prices and production both on the rise, Canada’s oil industry is expected to return to profitability. However, [Read more]
As production from mature oil fields declines and the OPEC supply cut agreement continues at the same time global crude demand is increasing, the head of the International Energy Agency raises concerns about the global [Read more]
Oil prices jumped on Wednesday after Saudi Arabia reported it intercepted missiles over its capital city of Riyadh, increasing Middle East tensions. Reuters photo by Faisal Al Nasser. Oil prices up almost 2 per cent Wednesday [Read more]
Eastern Canadian refineries process primarily conventional light crude oil Canada has a strong refining industry but processes only a fraction of its own crude oil production, according to the National Energy Board’s (NEB) inaugural Canadian [Read more]
The Eagle Ford shale play produces less crude than the Permian basin, but is located in south Texas and is closer to the US Gulf Coast’s refineries and pipelines. Pipeline and Gas Journal graphic. Eagle [Read more]
Hedge funds cut their bullish position in crude and fuels recently, reversing the trend that saw a significant increase in the previous two weeks. Apache photo. Hedge funds shift away from US light crude towards [Read more]
Oil prices rose above $70/barrel on Tuesday after Chinese President Xi Jinping promised to open up China’s economy further and lower import tariffs. BP photo. Oil prices up, gold US Treasuries under pressure Oil prices [Read more]
Oil prices rose on Monday after an air strike rocked a Syrian air base this past weekend. Prices were up despite investors’ concerns over a possible trade war between the US and China. Anadarko photo. [Read more]
“Only a fraction of the 80-plus billion barrels is likely to be recoverable.” – Wood Mackenzie Bahrain’s National Oil and Gas Authority (NOGA), alongside international consultants DeGolyer and MacNaughton, Halliburton, and Schlumberger, provided new details on [Read more]
Permian basin production may be slowed or even shut in this year because of limited space on pipelines to transport crude out of the oil rich region. Williams Ranch Group photo. Permian basin production is [Read more]
BC Minister of Jobs, Trade and Technology Bruce Ralston “Minister Garneau needs to convey that the Prairie backlog at CN Rail is having a detrimental impact on northern B.C. families and businesses.” – Ralston The BC [Read more]
US oil prices fell just under 2 per cent on Friday after US President Donald Trump threatened to tariff more imports from China, reigniting fears of a trade war between the world’s two largest economies. [Read more]
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]
Russia and the Organization of Petroleum Exporting Countries are looking at forming a joint organization after the OPEC pact to curb global crude supplies expires at the end of the year. Financial Tribune photo. OPEC [Read more]
Oil prices edged up slightly on Tuesday after posting their largest one-day drop in nearly a year on Monday. Investors are concerned about rising Russian output and the blooming trade war between the US and [Read more]
Oil prices fell over 2 per cent on Monday on reports that Saudi Arabia will cut prices for its Asian customers in May and rising production in Russia. Oil prices fall over 2 per cent [Read more]
Oil prices rose on Thursday as crude stayed in sync with Wall Street. Investors continue to weigh concerns about rising US crude stocks against effective OPEC supply cuts. Statoil photo. Oil prices are up about [Read more]
IEA forecasts infrastructure export capacity will rise from 1.9 million b/d at the end of 2017 to 4.7 million b/d in 2020 The United States is on pace to becoming the world’s top oil producer [Read more]
OPEC heavyweight Saudi Arabia, led by Crown Prince Mohammed bin Salman, is in talks with Russia to extend their production output cap deal that could last up to 20 years, according to a report by [Read more]
Oil prices fell over 1 per cent on Wednesday after data from the US Energy Information Administration reported a surprise increase in US crude stocks, mostly due to increased imports. Tulsa World photo. Oil prices [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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