ENERGY MARKET SUMMARY
MAY 18, 2018
Feds dangle taxpayer funds to get TMEP built • Keyera carves out storage space in Cushing • Oil prices rise for 6th week in a row • OPEC proclaims victory over global oil glut • IEA warns of demand destruction ... as demand nears 100 million bbl/day • BP CEO not buying US$80 oil

RECENT UPDATES
May 16 • World oil supply/demand curve (IEA/OPEC data) ➜
May 16 • OECD oil stockpiles (Q1/18 data from OPEC) ➜
May 9 • Feb Cdn crude oil production by type (StatsCan data) ➜
May 9 • Feb Cdn crude oil trade balance (StatsCan data) ➜
May 7 ✤NEW✤ Refinery utilization by PADD (weekly EIA data) ➜
May 7 • Feb US imports of Cdn crude-by-rail by PADD (EIA data) ➜
May 7 • Feb US imports of Cdn crude by PADD (EIA data) ➜
May 7 • Feb Cdn oil exports by type/PADD (NEB data) ➜
WEEKLY PUBLICATIONS
US-WEEKLY-PETROLEUM-INVENTORY-REPORT.png

Crude and product stockpiles decline 5.3 million BBLS as exports continue to rise

MAY 16, 2018

PROJECT DATA


PROJECTS
OIL SANDS PROJECT DIRECTORY
Overview Map
Mining Operations
In-Situ Facilities
Bitumen Upgraders



OIL PRICES EXPLAINED
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.