Oil & Gas Companies Daily News Sept 3

Today’s energy market action:

  • Oil prices kick off new week with another loss.
  • Brent slides to lows of mid-August …
    … while WTI breaks below US$54/bbl.
  • Heavy oil discount narrows to US$11.50 …
    … while SCO premium jumps to US$1.44.
  • Gasoline breaks below US$1.50.
  • TSX/SPX energy sectors move lower.
  • Cdn midstream stocks continue to shine.

Today’s notable energy news:

  • China adds 5% tariff on US crude imports …
    … and takes US trade spat to WTO.
  • Crescent Point sells Uinta Basin and SK assets for $912M.
  • Concho Resources sells NM Shelf assets to Spur Energy Partners.
  • After 100-yrs of service, Chevron prepares to exit Venezuela.