Friday December 7, 2018

Friday December 7, 2018

 

IN THE NEWS THIS WEEK:

  • Notley hands OPEC an early Christmas gift
  • Canadian oil majors warn of unintended consequences
  • Energy patch capex spending remains soft
  • Suncor to begin random drug & alcohol testing in 2019
  • Keystone and Mainline hit by power outage
  • Northeastern BC hit by small quakes
  • US exports surge to record highs ...
    ... sending crude stockpiles in the USGC sharply lower
  • Guyana poised to surpass Venezuela and Mexico
  • France defers fuel tax increases
  • Qatar plans divorce from OPEC after 57 years ...
    ... as cartel agrees to more production cuts.







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



US CRUDE OIL IMPORTS & EXPORTS
4-week average Mbbl/day • data from EIA



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


FRIDAY DEC 7, 2018
OPEC comes to the rescue • Cdn light and heavy discounts begin to normalize • Energy stocks fail to respond to higher oil prices




IN CASE YOU MISSED IT

ALBERTA
CANADA
USA
GLOBAL


UPCOMING EVENTS




 
Friday December 14, 2018

Friday December 14, 2018

Friday November 30, 2018

Friday November 30, 2018