Energy exports have been as much as 25 per cent of Canada’s total exports By Stewart Muir Canadian resource industries continue to have a highly positive impact on the well-being of the country. Yet there is no shortage of armchair critics bamboozling the public claiming oil, gas and coal don’t provide value to Canadians. Even […]
Opinion: Here’s why Canada depends so much on its energy exports Read More »
Traders convinced oil market will rebalance in the coming year By John Kemp LONDON, Aug 10 (Reuters) – Oil traders are increasingly convinced the market will rebalance over the next year with a major drawdown in crude and products stocks. Conviction about market rebalancing is showing in a big rise in the calendar spreads for
Oil market marches on towards rebalancing…and eventually higher prices Read More »
Around 1/3 of crude refined in western Canada considered heavy Canada’s 16 refineries process oil that is produced in Canada and imported from abroad, according to the National Energy Board. Over the last five years, these refineries produced an average of 2.3 million barrels of refined petroleum products each day. Approximately 80 per cent of these products were used to
What products are created from oil processed in Canadian refineries? Read More »
With current trends, Wood Mackenzie expects EVs accounting 21% of global car stock by 2035 The oil market downturn and the tone set by the Paris Agreement have already shifted the focus away from fossil fuels, but how quickly could we see the tides change and decisively tip the scales to renewables? Together with GTM Research,
Future of renewable energy is a radical global disruption – Wood Mackenzie Read More »
New consumer preferences for autonomy and other advanced mobility solutions vary widely by age and region New research on consumer preferences for full autonomy in new vehicles finds the technology is not yet popular among a broad audience, according to analysts at IHS Markit. Ironically, the same audience ranked it among the very features they
Consumer survey for autonomous vehicle finds preferences vary – IHS Markit Read More »
Oil prices up after two days of declines Oil prices crept higher on Wednesday after data from the US Energy Information Administration showed American refineries processed record amounts of crude last week, causing a drop in US crude stocks. Brent crude was up 27 cents to $52.41 at 12:34 p.m. EDT and US WTI was
Prices up on US crude stock data, American oil production forecast lowered Read More »
Global glut, increased US production impact price of oil By Ed Hirs No one is fooled by the illusion of OPEC production cuts, but it is worse than most think. The price of oil, which has fallen in nominal terms during 2017, has fallen even more in real terms, since oil trades in dollars and
Column: OPEC’s continued failure — A note on the price of oil Read More »
Mancos Shale second largest to Marcellus field In 2015, BP bought acreage in a little-known area in northern New Mexico where not a single gas well was located. A year later, a report from the US Geological Survey showed the site, known as the Mancos Shale, could be home to the second largest shale play
BP Mancos Shale gas discovery could be groundbreaking discovery Read More »
Alberta oil sands costs are $30-40/b, compared to $50 break even for most US shale producers The prevailing wisdom in Alberta is that Western Canada is one of the highest cost oil and gas basins in the world. Certainly far more costly than American shale basins like the Permian in West Texas, which is attracting
Are Alberta oil sands’ costs lower than American shale basins? You’ll be surprised Read More »
US shale producers have reduced losses by cost cutting, improved efficiency By John Kemp LONDON, Aug 9 – US shale producers need a WTI oil price around $50 per barrel to break even, according to an analysis of financial statements for the second quarter. Fifteen of the largest shale oil and gas producers reported total
Column: US shale breakeven price revealed around $50 Read More »
