Competition to be one of the last major oil producers standing in a net zero world is bound to be extremely intense. And based on economics alone, Canada doesn’t stand a chance. But economics has rarely been the sole driver for oil markets, with politics and political instability in and among major oil producers normally playing even a greater role in price formation, while helping to determine the winners and losers for market share.
October 21, 2021, 6 AM MDT
The strengthening of crude prices in recent weeks is likely to continue as current supply and demand fundamentals remain positive, and the price decks and outlooks of reserve evaluation firms are increasingly representative of the strong global crude market.
October 20, 2021, 12 AM MDT
October 20, 2021, 11:32 AM MDT
October 20, 2021, 10:05 AM MDT
October 19, 2021, 6 AM MDT
West Lake Energy Corp. reports it has successfully executed a “climate differentiated” crude oil transaction — the first of its kind, it said — with one of its off takers.
October 18, 2021, 6 AM MDT
October 18, 2021, 11:24 AM MDT
October 18, 2021, 9:46 AM MDT
October 15, 2021, 10:17 AM MDT
October 15, 2021, 11:35 AM MDT
October 14, 2021, 6 AM MDT
October 14, 2021, 11:48 AM MDT
October 14, 2021, 10:01 AM MDT
October 14, 2021, 10:32 AM MDT
Liquid, gaseous and solid fuels of various types will “continue to make a major contribution to the global energy mix” through to 2050 though oil demand, for the first time, shows an eventual decline in all scenarios, says the International Energy Agency (IEA) in its World Energy Outlook 2021 (WEO-2021) report released this morning.
October 13, 2021, 11:21 AM MDT
October 13, 2021, 7:39 AM MDT
October 12, 2021, 11:16 AM MDT
October 8, 2021, 9:06 AM MDT
October 8, 2021, 12 AM MDT
October 7, 2021, 12 AM MDT
In the first part of this four-part series, the future competitive landscape was outlined for Canada’s oil producers, based on the International Energy Agency’s (IEA) net-zero emissions (NZE) scenario, our most likely competitors were identified, and the future competitive position of OPEC kingpin Saudi Arabia was explored.
October 6, 2021, 6 AM MDT
October 6, 2021, 10:22 AM MDT
The Canadian oil industry is on the cusp of the confirmation of additional oil flowing on the Enbridge Line 3 Replacement (L3R).
October 5, 2021, 12 AM MDT
It has been nearly a year since RBN last offered up its assessment on the pricing prospects for Canadian heavy crude oil.
October 4, 2021, 6 AM MDT
October 4, 2021, 10:10 AM MDT
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.