Today’s energy market action: Traders returned to stocks and commodities on Tuesday, sending oil prices and most global indices higher. Brent rose 1%, while WTI gained almost 2%, ending the day just a hair below US$60 a barrel. Canada’s light and heavy oil benchmarks also rose 2%. Discounts to WTI were roughly unchanged for the…

Today’s energy market action: A relatively quiet day in energy markets on Monday, with Brent posting a 0.3% gain and WTI posting a 0.4% loss. The discount on Canadian heavy narrowed by about US$0.50, ending the day at just over US$9 per barrel, and sending WCS up 0.5%. The WCS…

Interesting News Deltastream Energy New Bitumen battery 05-25-075-26W4 Tervita Corporation approved large Injection/disposal facility – water 01-29-061-04W6 Sukunka Natural Resources Inc. License Amendment Pump Station NTS A- 019-E/093-P-12 37 New Well License Approved in BC Last Week Steelhead Petroleum Ltd. approved 3 well pad 04-05-034-24W3 total of 7 wells Cona…

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….

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…

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…

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….

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…

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…