US distillate inventories have fallen since Jan. and were estimated to have fallen lower than the five-year range as of May 18 During the spring and summer months, gasoline futures prices are generally higher than distillate futures [Read more]
The Alberta carbon tax on gasoline increased on 1 Jan. 2018 to 6.73 cents/L, BC to 7.78 cents/L Gasoline prices in Canada have been increasing from this decade’s low of 90.2 cents per litre (cents/L) on average in Feb. 2016. In April 2018, [Read more]
Bank of Canada will remain cautious in its approach to reducing monetary stimulus with just one more rate hike this year The Conference Board of Canada(CBOC) released a report showing that gasoline prices are driving [Read more]
Mexico moved away from regulated propane prices towards market-based wholesale prices throughout 2017 The value of Canada’s propane exports to Mexico totaled $204.7 million in 2017, an increase of nearly eight times from the $25.4 million exported [Read more]
Natural gas leading source of electricity generation in U.S. through 2050, accounting for 35% of electricity generation, an increase from 31% in 2017 EIA’s Annual Energy Outlook 2018 (AEO) projects that U.S. dry natural gas production will [Read more]
Gulf Coast gasoline prices among lowest in country because the region generally has low state tax rates and abundant gasoline supplies The US Energy Information Administration forecasts that drivers in the United States will pay [Read more]
Coal demand drops to 14% of total generation by 2050, and utilization rate for coal plants remains under 60% EIA projects U.S. coal disposition—domestic demand and coal exports—to remain relatively flat through 2050 in the Annual Energy [Read more]
Crude oil and stock markets often move independently because of factors specific to each market For four consecutive days in early Feb., stock market implied volatility surpassed crude oil price volatility for the first time since 2008, [Read more]
US coal production increases are in part to bankruptcy-caused restructuring of several major coal producers The EIA expects total 2017 U.S. coal production to be 773 million short tons (MMst), 45 MMst higher than in [Read more]
Renewable increases, most of the new generation capacity is powered by solar The mix of fuels used to generate electricity in the United States has changed in response to differences in the relative costs of [Read more]
Dual-fuel generators can now specify the percentage of fuels they plan to use and the costs for each fuel The bomb cyclone weather event in early Jan. 2018 resulted in record levels of U.S. natural gas demand [Read more]
United States became net exporter of natural gas on an annual basis for first time in 2017 In its latest Short-Term Energy Outlook (STEO), EIA expects the Henry Hub natural gas spot price to average $2.88 per [Read more]
Possible US crude production could soon overtake Saudi Arabia and rival Russia’s International Energy Agency commentary The price of Brent crude oil closed earlier this week above $70/bbl for the first time since Dec. 2 [Read more]
Fully recharging battery can take 4 to 8 hours with basic charging stations Canada has a small but growing fleet of electric vehicles (EVs). EV sales are accelerating, but still account for less than 1 per cent of [Read more]
Natural gas-fired power plants supplied 32% of total US electricity in 2017, coal supplied 30% Wholesale electricity prices at major trading hubs in the eastern United States during 2017 were relatively unchanged from 2016, while [Read more]
US net pipeline imports from Canada continued to decline in 2017 In 2017, natural gas spot prices at the national benchmark Henry Hub in Louisiana averaged $3.01 per million British thermal units (MMBtu), about 50 [Read more]
Global petroleum consumption grew by 1.4MM b/d in 2017 (to 98.4MM b/d), will grow by 1.7MM b/d in 2018, 1.6MM b/d in 2019 The U.S. Energy Information Administration’s Jan. Short-Term Energy Outlook forecasts Brent crude oil to average [Read more]
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