Weekly Energy Market Review

Albian hits the billion barrel mark • LNG Canada promises to hire Canadians first • PM appoints Edmonton MP as new head of energy • ON and SK team up to fight the feds • US crude output touches another record high • World's biggest oil company about to get a lot bigger

Energy Market Review

Energy patch downplays pipeline constraints • Crude exports hit new highs in April ... while refinery runs hit multi-decade low • Trump scolds Germany for building natgas pipelines • Global oil markets return to surplus next year • Lost Libyan barrels poised to come back online ... sending oil prices tumbling.

Energy Market Review

Syncrude's return to normal likely delayed • Kinder Morgan poised to restart TMEP construction • Alberta smashes records for dilbit production, oil exports and crude-by-rail • Ontario scraps cap-and-trade • Iran threatens to choke off 20% of world oil supply • Russia and Saudi Arabia ramp-up output.

Energy Market Review

Syncrude outage takes WTI higher • ENB clears final hurdle in Minnesota • TRP warns of natgas pipeline wars in the US • Trump tries to choke-off Iranian exports ... while Saudis boost output by 1 million bbl/day.

Energy Market Review

Power bump takes Syncrude offline • Nexen adds more well pads at Long Lake • KML cleared to start construction at Burnaby Terminal • Enbridge enters home stretch in Minnesota • Permian pipelines bursting at the seams • OPEC and Russia agree to boost production ... narrowing WTI discount to Brent.

Energy Market Review

Suncor scores a win in fight for random drug testing • CAPP declares Canada closed for business • Ontario joins SK's carbon tax fight • Keystone XL survives another court case in South Dakota • BMO warns of rising costs for Line 3 • WCS discount continues wild ride • Brent prices show signs of breakdown

Energy Market Review

Suncor's Q2 output hampered by maintenance outages • Enbridge cancels plan to verify shipper nominations • ConocoPhillips poised to sell 208 million Cenovus shares • CAPP goes sour on Cdn climate policy • WCS jumps 20%, erasing losses from last week • TransCanada's Leach Xpress declares force majeure • Trump asks Saudis to boost oil production • WTI discount to Brent continues to widen

Energy Market Review

Feds acquire Trans Mountain assets ... and plan to flip it post-expansion • Petronas buys big chunk of LNG Canada, renewing hopes for BC mega-project • Cdn heavy oil widens considerably, sending WCS down 20% • WTI discount to Brent blows-out on rising Permian production • OPEC and friends continue to mull output increases

Energy Market Review

Kinder Morgan wins a small victory ... as TMEP deadline looms • Keyera continues its push into Oklahoma • Trump Administration defends Keystone XL • Exxon's plan to reduce methane emissions • OPEC and Russia mull 1M bbl/day output increase • Oil prices retreat for the first time in two months • Energy stocks finally take a breather

Energy Market Review

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 Mbbl/day • BP CEO not buying US$80 oil.

Energy Market Review

Shell dumps 97 million CNRL shares • AB and Ottawa mull financial stake in TMEP • Enbridge starts offloading non-core assets ... and sticks to its Line 3 preferred route in Minnesota • US looks to add another 1 Mbbl/day by next year • Oil prices break out to multi-year highs • Energy markets digest impact of renewed sanctions on Iran.

Weekly Energy Market Review

Feds intervene in BC's fight to block bitumen exports • Suncor CEO confident pipelines will get built • CNRL reports record Q1 • WCS discount falls below US$16 • WTI inches closer to US$70 • AECO gas prices go negative, again • Keystone pipeline return to normal ... while KXL starts site prep work • Marathon and Andeavor join forces to top Valero

Weekly Energy Market Review

No end in sight for TMEP saga • Losses widen at Cenovus • Imperial swings back to black in Q1 • Hope springs eternal for LNG Canada Project • The suffering continues for Cdn oilfield service providers • Permian production outstripping Texas pipeline infrastructure, driving WTI discount to Brent higher • US set to become top global oil exporter

Weekly Energy Market Review

BoC warns of economic fallout from pipeline wars • BC questions AB's right to block energy exports • All eyes on crude-by-rail to pick up pipeline slack • Macquarie sees green shoots in Cdn energy patch • US oil prices get dinged on North America's pipeline crunch • Trump complains about high oil prices ... while US output hits another record high • OPEC says it wouldn't mind US$100 oil

Weekly Energy Market Review

BC and Alberta play a game of chicken • Heavy oil discount continues to narrow • Cdn oil producers swing back to black this year • Devon and COP plan more job cuts • Oil prices soar on tensions in Syria • North America's largest refinery about to get a lot bigger • Big Oil makes big investments in the US, Australia, Saudi Arabia and Oman

Weekly Energy Market Review

PM Trudeau visits Fort Mac ... and insists TMEP will get built • Imperial and Enbridge put AB/BC natgas assets up for sale • BMO warns Cdn energy sector faces "extinction" • Higher crude and gasoline imports spike Canada's trade deficit • WCS prices hit 2-yr high as discount narrows • US oil rigs counts spike higher ... while more Cdn rigs come offline

Weekly Energy Market Review

January GDP hit by upgrader shutdowns • Cdn oil benchmarks stage nice recovery in March • Barclays not bullish on future oil prices • Goldman makes the case for Big Oil stocks • Saudi Arabia and Russia ponder long term romance.

Weekly Energy Market Review

Markets suffer meltdown as Trump takes on China • Oil prices attempt another breakout • Brent breaks through US$70/bbl • Backwardation steepens on oil futures curves • TD prefers oil sands miners over SAGD producers • Pipeline stocks get slaughtered, again

Weekly Energy Market Review

Suncor warns of Q1 production shortfall • Enbridge seeks dance partner for Narrows Lake • Encana CEO relocating to Denver • Cdn crude output hits record 4.2M bbl/day • Enbridge clears major hurdle in Minnesota on Line 3 • MLPs get creamed on elimination of tax credits • Global stockpiles start rising again, after 7 months of declines • Statoil's plan to become a little less oily