Today’s energy market action:
- Oil prices end the week slightly higher.
- Henry Hub slides 1% for the day, and over 6% for the week.
- SPX energy drops 0.5% for the day, wiping out all gains for the week.
- TSX energy rises 0.4% for the day, and 2.2% for the week.
Today’s notable energy news:
- US drillers take eight rigs out of service this week.
- Federal Liberals push back TMEP decision to mid-June.
- TransCanada launches open season for new Marketlink capacity.
- Pine Cliff Energy purchases AB oil and gas assets for $8.6M.
- ConocoPhillips confirms sale of UK North Sea assets to Chrysaor.
- Husky Energy gets upgraded at TD.
- ExxonMobil makes 13th discovery offshore Guyana.
- Repsol stops swapping refined products for Venezuelan crude.
- Brazilian government clears Petrobras to raise diesel prices.
