Today’s energy market action: Renewed concerns over a global slowdown sent funds out of stocks and commodities on Friday, and into treasuries. Brent declined 1.2%, giving back all gains from earlier in the week, while WTI fell 1.6% for the day. Canada’s light and heavy crude benchmarks both sank about 2%. Differentials were roughly unchanged….
March 21 2019 Market Update
Today’s energy market action: WTI topped US$60 a barrel on Thursday, but retreated to US$59.98 by the end of the day, up 0.3% from yesterday’s close. Brent declined almost 1% on Thursday. Canadian Light and Western Canadian Select (WCS) gained over 2%, as the discounts to WTI each narrowed by…
March 20 2019
Today’s energy market action:H Today’s energy market action: Inventory drawdowns in the US and a weaker greenback helped boost oil prices on Wednesday. Brent rose 1.3%, while WTI posted a 1.4% increase. The Energy Information Administration reported a whopping 9.6 million barrel decline in crude stockpiles, seen mostly in the…
Weekly Update March 18 – 2019 Interesting News
Interesting News Keyera Corp. facility approval for Phase 2 of its Wapiti natural gas gathering and processing project south of Grand Prairie, Alta. Phase 2 of the Wapiti gas plant will add another 150 MMcfd of sour gas processing to the 150-MMcfd Phase 1 of the plant currently under construction….
Alberta Government Oil & Gas Plan
On December 2, 2018 the Alberta government announced a production curtailment mandate of 325,000 boe/d of Alberta crude oil production effective January 1, 2019. In February, the Alberta government announced plans to transport 120,000 boe/d via rail by 2020. These measures were intended to help alleviate current take away capacity…
March 11 2019 Interesting Canadian Oil & Gas News
Weekly Update March 11 2019 Interesting News NorthRiver Midstream Energy 5 gas plant license for existing gas plants in BC Enerchem International Inc. new Injection/disposal facility 16-31-073-05W5 87 new well license on BC Shell approved license for 6 well pad 06-24-064-22W5 Surge approved for a 3 well pad 05-06-091-12W5 Tourmaline…
Crescent Point – Canadian Oil and Gas Company
Crescent Point is a leading North American light oil producer, driven to enhance shareholder returns by cost-effectively developing a focused asset base in a responsible and sustainable manner. Download list of Canadian Oil and Gas Companies www.canadianoilandgascompanies.com
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