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Crude oil inventories see big drawdowns in Gulf Coast and Midwest ahead of Keystone shutdown

NOV 22, 2017

ENERGY DATA

ENERGY STATISTICS
RECENT UPDATES
Nov 20 • 2017 AER Presentation: Husky Sunrise
Nov 15 • World oil supply/demand curve (2017/18 update from IEA) ➜
Nov 15 • Q3/2017 OECD oil stockpiles (OPEC data) ➜
Nov 9 • Aug Cdn crude oil production by type (StatsCan data) ➜
Nov 9 • Aug Cdn crude oil trade balance (StatsCan data) ➜
Nov 3 • Sep Cdn energy trade balance (imports/exports in $CAD) ➜
Nov 1 • Sep AB crude production by type (AER data) ➜

ENERGY MARKET SUMMARY
NOVEMBER 17, 2017
Equity markets consolidate after two months of gains • Oil prices drop for the first time in 5 weeks • Heavy oil discount widens on Keystone outage • Energy stocks drag indices lower on both sides of the border

OIL PRICES EXPLAINED: Putting a dollar value on a barrel of crude
MARKET INSIGHTS
Crude oil and petroleum products are globally traded commodities, whose prices are largely governed by supply and demand fundamentals. But global currencies, availability of money flow and market sentiment also play an important role.