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, 10:05 AM MDT
October 20, 2021, 12 AM MDT
October 19, 2021, 12 AM MDT
The surge in global crude and natural gas prices in recent weeks “really underscores that at the macro level, global energy demand is basically back to pre-pandemic levels, and supply is struggling to keep up,” says Liam O’Brien, senior associate of Sproule’s Energy Advisory group.
October 18, 2021, 6 AM MDT
October 18, 2021, 11:24 AM MDT
Maintenance work on TC Energy Corporation’s NGTL system in recent days has pinched supplies to AECO and flooded Spectra Station 2, resulting in a boost to AECO pricing and weakness at Station 2.
October 15, 2021, 11:03 AM MDT
October 15, 2021, 11:35 AM MDT
October 14, 2021, 11:48 AM MDT
October 12, 2021, 11:16 AM MDT
October 8, 2021, 8:59 AM MDT
October 8, 2021, 9:06 AM MDT
October 8, 2021, 12 AM MDT
October 7, 2021, 12 AM MDT
October 7, 2021, 9:35 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
October 5, 2021, 10:10 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
October 4, 2021, 12 AM MDT
October 4, 2021, 12 AM MDT
October 1, 2021, 11:16 AM MDT
September 24, 2021, 9:34 AM MDT
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