Today’s energy and equity market action:
- Brent slides 4%, ending Wednesday back below US$60/bbl.
- WTI and Canadian Light also give back 4%.
- WCS falls almost 5%, returning to lows of early January.
- SPX energy falls 1.4%, wiping out all gains for the week.
- TSX energy falls 1.3%, approaching lows of early January.
Today’s notable energy news:
- US crude stockpiles move higher, now up 90M bbls from lows of last Sept.
- Trudeau Liberals reject 88 out of 187 Bill C-69 Senate amendments.
- Husky Energy pays $3.8M fine for 2016 North Saskatchewan River spill.
- Mexican regulators approve Shell‘s deepwater exploration plans in GoM.
- India’s Reliance Industries and BP sanction third gas field offshore India.
- ExxonMobil completes Singapore refinery expansion.
