Oil prices “due for a pullback”: Analyst Oil prices fell slightly in trading on Thursday, dropping from earlier gains that were fuelled by concerns about the Kurdistan referendum where citizens voted overwhelmingly in favour of independence, raising the spectre of a supply outage. WTI crude was down 76 cents to $51.38/barrel by 12:43 p.m. EDT […]
Oil prices stumble, retreat from earlier gains Read More »
Prof. Dwight Newman expects Coldwater to receive more compensation, but no other impacts upon project A court decision in favour of the Coldwater Indian Band by the Federal Court of Appeals Tuesday will not hold up construction of the Trans Mountain Expansion pipeline, according to proponent Kinder Morgan and a Canadian constitutional expert. The Band
Global trade drives demand for residual fuel oil or distillate fuel oil By John Kemp LONDON, Sept 27 – Global trade is growing at the fastest rate for six years – which is both a symptom and a cause of the recovery in commodity markets. World trade volumes were up almost 5 per cent year-on-year from
Column: Global trade upturn aids oil market rebalancing Read More »
Oil prices gains capped due to increasing US production On Wednesday, oil prices were mixed in trading despite a surprising drop in crude stocks reported by the US Energy Information Administration. US WTI rose by 26 cents to end the session at $52.14/barrel, and benchmark Brent dropped by 54 cents to $57.90/barrel. Both Brent and
Oil prices mixed, but below five-month highs Read More »
Oil shortage due to weak investment in exploration, development Citigroup Inc. is calling for players in the crude market to prepare for an oil shortage in 2018, rather than fear a flood of OPEC crude after the cartel’s supply cut pact expires next year. In a Bloomberg report released Tuesday, Ed Morse, the bank’s global
Citigroup says market should expect oil shortage, not OPEC flood Read More »
India imports over 80% of its crude oil Researchers from the University of Houston have begun a $1.4 million project to demonstrate using carbon capture from nearby petrochemical plants to boost recovery in an oil field in the Indian state of Assam, a project they hope will help to reduce the country’s carbon footprint. The project
Canada had advantage in development by inheriting strong institutions from British By Kip Beckman, principal economist, Conference Board of Conference The celebration of Canada’s 150th birthday was a time for Canadians to reflect on how lucky we are to live in a wealthy country. There were certainly no guarantees way back in the 19th century that Canada
Why is Canada rich while other countries are so poor? Read More »
Duvernay Shale has more marketable oil resource than Bakken Formation in Saskatchewan The NEB estimates Alberta’s Duvernay Shale has the potential to produce 3.4 billion barrels of marketable crude oil, 76.6 trillion cubic feet of marketable natural gas, and 6.3 billion barrels of marketable natural gas liquids (NGLs). The Duvernay Shale was deposited as organic-rich mudstone, a fine-grained rock, that extends beneath 130,000 square
Alberta Duvernay Shale has significant potential for oil and natural gas – NEB Read More »
Wind and solar account for small amounts of generation, 2.7% and 0.5% Coal-fired electricity generation in China, the world’s largest coal consumer, is expected to remain flat through 2040, according to EIA’s International Energy Outlook 2017 (IEO2017). Other fuels, such as renewables, natural gas, and nuclear power, are expected to make up increasing shares of China’s
Chinese coal-fired electricity generation to flatten as mix shifts to renewables Read More »
NEB yet to determine Trans Mountain route The National Energy Board has ordered Kinder Morgan Canada to stop some work that had “not yet been approved” on its Trans Mountain pipeline expansion project after a company blog post reported the activity. The order came via letter on Friday and has been filed to the NEB’s
NEB orders halt to unapproved work on Trans Mountain pipeline Read More »
