Oil prices up 15 per cent in last three months Oil prices mostly held steady on Thursday as investors and traders wait to see if participants in the OPEC supply cut pact will agree to extend the deal that is set to expire in March. By 1:19 p.m. EDT, Brent crude was up six cents […]
Oil prices mixed ahead of OPEC meeting on Friday Read More »
OPEC efforts to rebalance market helped by strong demand By John Kemp LONDON, Sept 21 (Reuters) – “There is no doubt that the oil market is moving in the right direction,” the Organization of the Petroleum Exporting Countries noted with satisfaction in its most recent bulletin published on Wednesday. “The rebalancing process was never going
Column: Mission accomplished? OPEC banishes contango Read More »
Energy costs likely to go up, even with new efficiency standards in buildings A trio of Vancouver city policies amounts to a de facto ban on natural gas in pursuit of a “100% renewable energy” target, according to a study from Resource Works. The study claims the ban is based on insufficient renewable natural gas and could
Gulf Coast refineries in U.S. typically supplied with heavy Mexican, South American crude Growth in global liquid fuels supply since March 2017 has been driven by increases in the production of historically higher-priced light crude oils, according to the U.S. Energy Information Administration. This growth has more than offset recent declines in the production of
Changing quality mix affecting crude oil price differentials and refining decisions Read More »
In 2016, the NEB evaluated 14 full scale emergency response exercises The National Energy Board(NEB) will take part in a full scale emergency response exercise at Kinder Morgan’s Burnaby Terminal, in Burnaby, British Columbia and at the Incident Command Post in Coquitlam, according to a press release. The exercise is a requirement under a condition of the Trans
Kinder Morgan to hold full scale emergency response exercise in Burnaby Read More »
Big oil faces growing pressure from stockholders Big oil companies are joining a number of large corporations that are reducing their greenhouse-gas footprints every year, according to a report by Bloomberg New Energy Finance. The report says 62 of the world’s 100 largest companies have consistently cut their emissions on an annual basis between 2010
Big oil cuts pollution, gets greener Read More »
Testing locations include both ends of the Keystone pipeline TransCanada says a set of very sharp ears is being added to their pipeline monitoring and leak detection program, thanks to innovative new technology from Calgary based Hifi Engineering. After extensive testing in the lab, TransCanada, Enbridge and the Government of Alberta are teaming up for a
TransCanada testing new Calgary based pipeline safety technology Read More »
New anti-pollution limits major force in move to electric vehicles The buzzword at this year’s Frankfurt Motor Show was “electrification” as automakers pledged to bring electrified versions of their cars to the market. But are electric cars really on track to push gasoline and diesel-powered vehicles to the scrap heap? Companies including Volkswagen, Daimler, Volvo,
The shift to electric vehicles will take time Read More »
Oil prices on course for a rise of 15.5 per cent this quarter Oil prices were up almost 2 per cent on Wednesday and are on course for their largest third-quarter gain in since 2004 after Iraq’s oil minister said participants in the OPEC supply cut pact are considering extending or even deepening output cuts.
Oil prices on target for largest Q3 gain in 13 years Read More »
Oil export volumes continued to increase despite lower oil prices Over the last 30 years, the total value of Canadian exports has increased seven-fold, from $95 billion in the first quarter of 1987 to $664 billion in the first quarter of 2017, according to a National Energy Board press release. During this time period, the value of energy exports
Energy’s share of Canadian exports growing again – NEB Read More »
