oday’s energy market action:
- Energy markets continue to rally on Thursday
- Brent moves back above US$61 a barrel.
- WTI, Cdn Light and WCS gains almost 2%.
- C5+ dips lower, as differential to WTI widens to 8-mo high.
- TSX energy rallies almost 2%, while SPX energy gains 1.5%.
Today’s political energy news:
- Alberta launches constitutional challenge against Bill C-69.
- Ontario continues constitutional flight again carbon tax.
- Banks bullish on energy bonds, only if Conservatives win Oct election.
- EPA poised to undo Obama’s “unnecessary and duplicative” methane regulations.
Today’s other notable energy news:
- GoM producers on high alert, as Hurricane Dorian heads NW.
- Russian oil output hits 11.3M bbl/day in Aug, up 150k m/m …
… and remains 100 kbbl/day above agreed output quota.
