Oil prices edge up Tuesday Oil prices rose slightly on Tuesday on expectations that US crude stocks will decline, but price gains were tamed on reports that the Sharara oil field in Libya has been reopened. Brent crude rose 35 cents to $52.01/barrel by 12:57 p.m. EDT and US WTI inched up 42 to $47.95/barrel. […]
Oil prices rise on expected US crude drawdown Read More »
Enmax expects electric vehicle adoption to be slower in Calgary than other Canadian cities Three years ago I interviewed John Rilett, Enmax director of enhanced energy services & renewables, about how the City of Calgary-owned utility was preparing for a future that included renewable energy. Much has changed since then, with a new government in Edmonton
Oil prices down almost 2 per cent Oil prices fell nearly 2 per cent on Monday, bringing to a halt last week’s rally that saw crude rise over 3 per cent on Friday. Brent crude fell $1.40 to $51.32/barrel by 2:10 p.m EDT and US WTI dropped by $1.41 to $47.10/barrel. Han van Clef, senior
Oil prices drop, decline shuts down late last week’s rally Read More »
Oil sands producers grapple with lack of pipeline capacity as production rises The second quarter of 2017 saw oil sands producers Cenovus and MEG Energy boost their gains on higher prices for Western Canadian Select crude, but these gains are not expected to last. According to Reuters, most oil sands companies are expected to book
Oil sands demand up and supply set to rise in coming months Read More »
If Strait of Malacca were blocked, half of world’s shipping fleet would have to reroute Nearly one-third of the 61 per cent of total global petroleum and other liquids production that moved on maritime routes in 2015 transited the Strait of Malacca, the second-largest oil trade chokepoint in the world after the Strait of Hormuz, according
The Strait of Malacca, key oil trade chokepoint, links Indian and Pacific Oceans Read More »
After record-setting year in 2016, motor gasoline demand remained relatively high in 2017 Gasoline production by US refiners and blenders has run near record levels over the first seven months of 2017, with four-week rolling average production well above its five-year average and close to the top of its five-year range. US gasoline inventories also
US gasoline production running at near record levels Read More »
Trump Administration can’t ignore significant economic benefits Canadian oil/gas generates in United States Canada will sit at the table to re-negotiate NAFTA with the United States in the near future and energy is expected to be a substantial part of the discussions. A new study on the impact of the Canadian oil and gas industry on
CERI study of Canadian oil/gas economic benefits welcome ahead of NAFTA negotiations Read More »
Oil prices up over 3 per cent Oil prices rose over 3 per cent in trading Friday on Wall Street gains and a decline in the US dollar, despite investors concerns about the global crude glut. By 1:23 p.m. EDT, Brent crude was at $52.61/barrel, up $1.58 and US WTI rose by $1.34 to $48.43/barrel.
Oil prices up on stronger stock market, weaker US dollar Read More »
2.4 million b/d of crude oil, petroleum products flowed through Turkish Straits in 2016 The Danish Straits and Turkish Straits – together transited by a combined volume of more than 5 million barrels per day (b/d) in 2016 – are important chokepoints for Europe’s crude oil and petroleum liquids supply, according to the US Energy
Danish and Turkish Straits critical to Europe’s crude oil, petroleum trade Read More »
Peak per-lateral foot productivity in the STACK closing in on Permian Despite the fact that the Oklahoma STACK oil and gas play is still evolving and its total potential is undetermined, evidence thus far indicates the play is delivering impressive results, leading operators to commit significant 2017 CAPEX to its development, according to new analysis
Oklahoma STACK break-even costs under $30/b, closing in on vaunted Permian – IHS Markit Read More »
