Heavy oil traditionally trades at a discount…as demand rises, discount should start disappearing Commentary from Oilprice.com Across the world’s big energy markets, the energy war rages on. OPEC and U.S. producers have been competing for [Read more]
Oil prices rose on Friday, but are on track for a weekly loss due to concerns about US trade tariffs, rising US production and crude and gasoline stockpiles. Anadarko photo. Oil prices slid in early [Read more]
Oil prices fell to two-week lows on Thursday on a rising US dollar and after data released by US Energy Information Administration showed US crude stockpiles grew last week. Anadarko photo. Oil prices down over [Read more]
According to a report by Reuters, new sanctions against Venezuela may affect a military-run oil services company, and restrict insurance coverage for Venezuelan crude shipments. Xinhua / SIPA USA / TNS photo. Sen. Marco Rubio pushing [Read more]
Money managers, a category which includes many hedge funds and other investors, have accumulated record positions in crude, gasoline and distillates since the middle of last year, according to regulatory data. Anadarko photo. New generation [Read more]
Heavy conventional is majority of Saskatchewan production and grows substantially over projection period Oil prices have been significantly lower in the last couple of years compared to the early 2010s. This has led to a [Read more]
Oil prices fell on Wednesday despite high compliance by OPEC pact participants. US production rose to 10.3 million barrels per day, putting pressure on oil prices. Apache photo. Oil prices down over 1 per cent [Read more]
Oil prices fell on Tuesday, mostly on concerns of rising US crude inventories. On Tuesday afternoon, the American Petroleum Institute will release data on US oil stocks and on Wednesday morning, the US Energy Information [Read more]
OPEC Secretary General Mohammad Barkindo, other OPEC officials will meet with US shale companies in Houston to talk about the global oil glut. OPEC photo. Rising US shale production helped boost overall US output to [Read more]
Canadian oil and natural gas investment dropped 19% in 2017 from previous year levels A new economic report released by the Canadian Association of Petroleum Producers(CAPP) claims that rising government costs, the burden of inefficient [Read more]
Exxon says it is selling its entire stake in the Terra Nova project, but will keep its other assets in the region. Wikipedia photo by Ice Specialist. Exxon has 19 per cent ownership in Terra [Read more]
The hedge funds’ net long position has been cut in each of the four most recent weeks by a total of 263 million barrels, in what has been the largest drawdown for more than seven [Read more]
Libyan oil smugglers are driving instability in the OPEC nation, according to the US Treasury Department. Reuters photo by Aidan Lewis. Libyan oil smuggling sanctions imposed against six people, 24 companies, seven vessels The United [Read more]
Oil prices rose after Saudi Arabia’s energy minister, Khalid al-Falih, made comments during a trip to India that the kingdom will lower its production to well below output caps during the first quarter of 2018. [Read more]
The real consequence of a shortage of Canadian pipelines may be the impact on investor confidence, and that value may never be known. Trans Mountain photo. Pipelines are running near capacity as output grows By [Read more]
Asia’s share of global crude oil imports rises from 50% today to more than two-thirds by 2040 The International Energy Agency’s new World Energy Outlook is the story of a series of upheavals in global energy, in [Read more]
“If you want to do something about our reliance on fossil fuels then address the demand for them not the transportation of them.” By Lori Ackerman, Mayor of the City of Fort St. John, British Columbia Dear British Columbia [Read more]
Oil prices rose on Friday by well over one per cent after reports of a drop in Libyan production and OPEC’s Energy Minister Khalid al-Falih (left) said, while in India, “the oil markets, its clear, [Read more]
Encana RAB Davidson is spread over 16 acres and is made up of over 1 million pounds of drilling rigs, bulldozers, tanker trucks and other oilfield equipment. Encana photo. “Cube development” by Encana taps multiple [Read more]
US oil prices rose nearly two per cent on Thursday after US Energy Information Administration data showed US crude stocks fell by 1.6 million barrels last week. Phillips 66 photo. Oil prices rally on Thursday [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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