Today’s energy market action:
- Oil prices end Tuesday little changed.
- Cdn light/heavy discounts hold steady at US$7.25 and US$15.75.
- Gasoline prices rise 0.6%, returning to US$2 a gallon.
- Henry Hub falls over 2%, wiping out Monday’s gains.
- Energy sectors move up about 1% on both sides of the border.
Today’s notable energy news:
- API forecasts 2.4M barrel build in crude stockpiles for last week.
- Venezuelan output falls to 830 kbbl/day in April, and projected to keep sliding.
- CNRL buys back another 60M shares.
- Pioneer Natural Resources sheds 25% of workforce.
- Nigeria shuts 240 kbbl/day Trans Forcados pipeline due to fire.
- NOVATEK announces EPC contract with TechnipFMC for Arctic LNG 2.
