Global crude oil inventories are high and markets are well supplied in the near term, but the prospects for continued ample supply to meet the projected demand rebound post COVID-19 over the period to 2030 “should not be taken for granted,” the International Energy Agency (IEA) said in a new report released this morning.
October 13, 2020, 11:15 AM MDT
A rebound of global oil demand “remains vulnerable to the major economic uncertainties” resulting from the COVID-19 pandemic and world-wide consumption will likely be slow to recover and will peak at a lower level, the International Energy Agency (IEA) said in its World Energy Outlook 2020 released this morning.
October 13, 2020, 9:46 AM MDT
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Never in his lifetime has Bjørnar Tonhaugen, partner and head of oil market research at Rystad Energy AS, seen oil demand drop as significantly as it has in 2020.
October 9, 2020, 12 AM MDT
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Industry seeks a “next new normal” in the oil and gas markets during current uncertain times, which when paired with lower commodity prices means many firms may need to permanently lower cost structures even further than they have already, says Dinara Millington, vice-president of research at the Canadian Energy Research Institute (CERI).
October 1, 2020, 7:44 AM MDT
Members of the Canadian Energy Pipeline Association (CEPA) upped their game in 2019, reporting a total of only nine incidents, including one significant natural gas leak and no significant liquids spills, on pipeline rights-of-way.
September 30, 2020, 7 AM MDT
September 30, 2020, 11:09 AM MDT
Husky Energy Inc. has completed commissioning at the third field at the Liwan gas project offshore China.
September 29, 2020, 3:01 PM MDT
Inter Pipeline Ltd. will acquire the Milk River pipeline system from Plains Midstream Canada ULC in exchange for its 100 per cent ownership interest in the Empress II and 50 per cent ownership interest in the Empress V straddle plants.
September 28, 2020, 5:45 AM MDT
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