Friday October 19, 2018

Friday October 19, 2018

 

IN THE NEWS THIS WEEK:

  • MEG shareholders await better offer
  • Pipeline constraints boost oil storage business ...
    ... and crude-by-rail volumes
  • Enbridge provides update on ruptured BC natural gas pipeline
  • CAPP sounds the alarm on Bill C-69
  • Canadian airlines warn of pending carbon tax
  • Exxon makes big push into China
  • Total makes big push into India
  • Shell slowly retreats from Denmark
  • US/Saudi ties prove unshakeable
  • Russia calls an end to OPEC's production quotas.









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




WORLD OIL SUPPLY/DEMAND
million bbl/day • data by OPEC/IEA


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


FRIDAY OCT 19, 2018
Market rotation continues as traders turn defensive • WCS returns to lows of early 2016 • Condensate prices tumble • Global oil output gets a boost from OPEC & Russia




IN CASE YOU MISSED IT

ALBERTA
CANADA
USA
GLOBAL


UPCOMING EVENTS




 
Friday October 26, 2018

Friday October 26, 2018

Friday October 12, 2018

Friday October 12, 2018