Friday March 23, 2018

Friday March 23, 2018

THIS WEEK IN ENERGY MARKETS:

  • Markets suffer meltdown as Trump takes on China
  • Loonie gets a boost on inflation fears
  • Oil prices attempt another breakout ...
  • ... as Brent breaks through US$70/bbl
  • Heavy oil discount narrows (slightly) to US$23.40
  • Backwardation steepens on oil futures curves
  • TD prefers light oil miners ...
  • ... over heavy oil SAGD producers
  • Pipeline stocks get slaughtered, again.







US CRUDE OIL PRODUCTION & RIG COUNTS
million bbl/day • data by EIA & Baker Hughes


US IMPORTS OF CANADIAN CRUDE
million bbl/day • data by EIA


WEEKLY CLOSING CRUDE & CONDENSATE PRICES
Friday close (USD/bbl) • data by CME Group



✤ DRAFT ✤
FROM DILUTED BITUMEN TO SYNTHETIC CRUDE: UPGRADING EXPLAINED
Please note, this technical guide is currently being finalized. For any comments/feedback, please reply directly to this email.



IN CASE YOU MISSED IT

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UPCOMING EVENTS




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