As the coronavirus spreads, so does a potential contagion for lower oil prices. The virus is likely to infect global natural gas markets too, especially since LNG prices were already compromised before the outbreak.
February 5, 2020, 10:26 AM MST
What is the fiscal health of the Canadian oil patch this year? It is a mixed diagnosis. While commodity prices, equity values and capital spending are weak, some of the key industry metrics — revenue and cash flow — are still relatively healthy at first glance.
November 5, 2019, 6 AM MST
Canadians have spoken, voting in a Liberal minority government on Oct. 21. As the name implies, minority governments have less power since they need to collaborate with other parties to pass legislation.
October 23, 2019, 9:03 AM MDT
Because the Mainline is a dominant artery, Enbridge’s proposal to drastically change the pipeline’s commercial terms should be concerning to all stakeholders.
August 28, 2019, 7:55 AM MDT
When flying into the Midland airport in West Texas, there was no doubt that I had arrived in oil country. It was a pleasant March afternoon and I could see drilling rigs on either side of the airport runway. Pump jacks were nodding in every direction as far as my eyes could see.
April 10, 2019, 8:28 AM MDT
The U.S. has announced economic sanctions that effectively stop imports of Venezuelan oil. This leaves the complex refineries in Texas and Louisiana scrambling to find substitutes for the Venezuelan heavy oil they consume.
February 6, 2019, 5:56 AM MST
Western Canada has the cheapest oil prices in the world. Canadian heavy oil is selling for US$45 under WTI, light oil is selling for US$25/bbl less. The price markdowns are costing the Canadian economy over C$100 million each day.
October 31, 2018, 7:54 AM MDT
What happens in China has consequences for global energy markets. That’s why I was excited to journey to the Asian economic giant this past summer. Family in tow, I traveled over 3,500 km by train, cutting a path from Beijing in the North to Shenzhen in the South. I saw a lot, learned a lot and could not help but make some energy-related observations along the way.
September 28, 2018, 8:24 AM MDT
It is a new narrative. Electrons generated from wind and solar are the cheapest available. Renewable energy is undergoing a remarkable fall in costs that will displace all other systems, including natural gas. The latter claim is too early to call.
April 18, 2018, 6:29 AM MDT