Today’s energy market action: Oil prices little changed for the day, but down 2% for the week. Edmonton Condensate gains 0.4%, as discount to WTI narrows. Canadian benchmarks post third week of losses. Henry Hub falls 1%, after EIA reports unusually high inventory build. Today’s equity market action: US jobless rate…
Texas Weekly Update May 1 2019
Texas Accounts First Well License Since Dec 1 2018 or Greater TEXAS PIPELINE LLC_32333520_1_WILDCAT Primary Field IH 10 WEST_25536448_2_EAGLEVILLE (EAGLE FORD-2) Primary Field ASPECT ENERGY_24532879_3_WILDCAT Primary Field CASTEX ENERGY, INC._8932757_3_WILDCAT Primary Field SEI OPERATING_35130926_3_BON WEIR (SPARTA) Primary Field Awp Operating Company_4732539_4_MILLS BENNETT, SE. (VICKSBURG 6) Primary Field Charro Operating LLC_24732483_4_COLORADO (LOMA…
Oil & Gas Daily Update May 2 2019
Today’s energy and equity market action: Brent and WTI declined again on Thursday. Cdn benchmarks drop 3%, as discounts to WTI little changed. Gasoline falls 2%, while heating oil and Henry Hub declines 1%. Energy once again worst performing sector on TSX and SPX. Today’s notable energy news: PSAC lowers 2019…
Daily Oil & Gas Update May 1 2018
Today’s energy and equity market action: Big build in US crude inventories sends Brent and WTI lower. Cdn Light and WCS move higher as discounts to WTI narrow. Energy stocks tumble 2.1% on TSX, and 2.8% on SPX. Today’s notable energy news: US crude stockpiles rise 10M bbls, while output hits new…
Daily Oil & Gas Update April 30 2019
Today’s energy and equity market action: Light oil benchmarks move higher on Tuesday, and end April up 6%. Cdn heavy gains 1.4% in April, as discount widens by US$3/bbl. Gasoline gains 2% for the day, and 10% for the month. TSX energy falls 1% for the day, but rises 5% for the month. SPX…
Canadian Oil & Gas Weekly Update April 29 2019
Interesting News Hemisphere planning an extensive drilling program MEDICINE HAT area ARC Resources Ltd. working with Bluestar Engineering compressor upgrade 07-18-067-24W5 TAQA North Ltd. working with Tridyne Projects large compressor upgrade 01-04-044-11W5 Devon Canada large bitumen battery 09-21-063-06W4 Encana 18 new well permit Sunrise BC Whitecap approved for 3 –…
Oil & Gas Daily Update April 29 2019
Today’s energy market action: Oil prices sink in the morning, but recover by the closing bell. S&P 500 and NASDAQ eke out another record high. Energy sectors little changed on both sides of the border. Today’s M&A news: Anadarko snubs Chevron and rekindles romance with Occidental. Delek confirms offer for Chevron’s UK North Sea assets. Taqa buys Schlumberger’s Mid-East drilling…
Oil & Gas Update April 27
Yesterday’s energy market action: After touching an almost 2-year high earlier this week, President Trump once again publicly called on OPEC to lower oil prices. The news sent both Brent and WTI lower by almost 3% for the day. Canadian crude benchmarks declined in sympathy with WTI, also falling over…
Oil & Gas Daily Update April 26
Today’s energy market action: Brent touches US$75 for the first time since late October. WTI dips for the second day in a row. Gasoline and heating oil little changed, while Henry Hub gains 2%. TSX and SPX energy sectors post a second day of losses. Today’s notable energy news: Poland/Germany cut-off…
Oil & Gas Daily Update
Today’s energy market action: WTI posts first loss for the week, falling 0.6% on Wednesday. WCS dips 1.5%, as discount to WTI widens slightly. Heating oil declines 1%, while gasoline falls 0.4%. Loonie sinks to 74 cents as Bank of Canada downgrades GDP forecast. USD takes another leg up, breaking…
