WCS

Russia's May oil output hits 11-month low on dirty oil crisis - Oil & Gas 360

Canada’s Proposed Bill C-69 Would Require Energy Project Environmental Assessments to Take Climate Change into Account

May 31, 2018

Bill gives cabinet and environment minister final power to approve or reject a project regardless of the findings of an environment assessment In February 2018, Catherine McKenna, the federal Minister of Environment and Climate Change, introduced Bill C-69. The bill may replace the Canadian Environmental Assessment Act of 2012 (CEAA 2012) with the Impact Assessment Act. McKenna claimed the new

DAPL Moves Towards Completion, “Keep it in the Ground” Gets Crazier

Lack of Pipelines Will Cost Canadian Energy Sector $15.8 Billion in 2018: Fraser

May 8, 2018

Inadequate pipeline capacity to U.S. and no pipelines to move oil to tidewater ports forces Canadian oil to sell at a big discount Canada’s shortage of pipeline capacity is continuing to drive down the price of Canadian oil and it’s going to cost Canada’s energy sector billions, according to a new study from Canadian think tank Fraser Institute. “Without adequate

Canada’s Energy Sector Faces Rough Waters

April 13, 2018

Stiff U.S. competition, an inter-province pipeline row prolongs limited export opportunity, and U.S. is its only big export customer With U.S. shale on a tear, imports are dropping Total U.S. crude production reached 10 MMBOPD in November 2017 and the Canadian Industrial Outlook report from The Conference Board of Canada estimates that U.S. production will pass 11 MMBOPD in

Sempra Expects to Ship LNG Cargoes from Cameron within Weeks - President Trump - Oil & Gas 360

Canada’s Gas Price Will Remain Discounted $1.50 Below Henry Hub due to Stalled Canadian Pacific Coast LNG Export Projects: Deloitte

October 6, 2017

U.S. producers enjoy higher prices due to international customers for LNG export cargoes; Canadian gas becoming increasingly stranded – report A lack of market choice for Canadian natural gas led to increased volatility and depressed prices over the summer, creating a higher-than-usual differential with the price of U.S. natural gas, according to the latest oil and gas price forecast by

$20 Oil Not New to Some Producers

January 18, 2016

Certain crude grades from around the globe are already at or below $20 per barrel Oil and gas prices for the U.S. crude benchmark WTI, and international crude benchmark Brent, closed below $30 per barrel today, but some producers are already seeing less for their oil. The price for some grades of crude oil is already below $20 per barrel

Supply Remains the Main Driver of Oil Prices

August 13, 2015

CIBC’s Katherine Spector: “In the very short-term, while there may be a few more dollars of downside in the crude price, increasingly lopsided futures market positioning suggests that an end is probably near.” The world will need more oil from OPEC, but not as much as they are producing The most recent oil market outlook released by Canadian Imperial Bank