Monday, March 10, 2025

Alberta expects 90 percent plunge in 2017 royalty revenue from 2014

From Reuters: Alberta expects oil and gas royalty revenue to plunge almost 90 percent next year to around C$1 billion ($761.73 million) from 2014 levels, the Canadian oil-producing province’s Premier Rachel Notley said on Thursday. “This is the royalty roller coaster we’ve all been talking about,” Notley said in a televised address ahead of the release of the provincial budget

Goldman Sees Russia Oil Output Rising Amid Doha Freeze Talks

From Bloomberg: Russian oil and condensate production will rise through 2017, even as the nation prepares for talks on an output freeze with other producers, according to Goldman Sachs. Russian output will climb to 11.2 million barrels a day this year from 11.1 million barrels in 2015 due to a weak ruble, low-cost deposits and a tax rate that adjusts