Canadian Output Declines Further In May: IEA

Canadian oil supply declined by another 270,000 bbls/d in May, reported the International Energy Agency (IEA), taking the total decline since the end of 2019 to nearly one million bbls/d or roughly 20 per cent of national production.   

July 10, 2020, 6 AM MDT

Demand For Rail Will Depend On Q3 Production Ramp Up: Genscape

While takeaway capacity for Alberta crude oil production could become constrained by the end of this year as oilsands production comes back online, rail will be an option but only with a wider heavy oil differential, an energy conference heard Wednesday.

July 9, 2020, 7:24 AM MDT

Balance Sheets A Priority For Integrated Oil Companies

Integrated oil companies that sharply reduced their capital budgets in response to the COVID-19 pandemic say they will continue to focus on their balance sheets for the rest of this year although some say spending could rise next year.

July 8, 2020, 7:08 AM MDT

Upstream, Downstream Oil Demand Starting To Recover, Say Canadian Integrateds

Canada’s integrated oil companies are seeing promising signs of recovering demand both upstream and downstream as they begin to bring production back online, an investor energy conference heard Tuesday.

July 8, 2020, 6 AM MDT

Cenovus Sells First Crude Oil Shipment To Irving Oil

The tanker Cabo de Hornos is now on a voyage of 11,900 kilometres to Irving Oil Limited’s Saint John refinery via the Panama Canal after loading at Trans Mountain’s Burnaby, B.C. terminal, Cenovus Energy Inc. said Thursday.

July 3, 2020, 7:19 AM MDT