Friday November 16, 2018

Friday November 16, 2018

 

IN THE NEWS THIS WEEK:

  • Suncor CEO announces retirement next spring
  • Deeply discounted Cdn crude disheartens oil patch
  • Alberta banks on crude-by-rail as losses mount
  • Newly merged GE-Baker Hughes begin divorce proceedings
  • North Dakota faces more pipeline constraints
  • Big Oil eyes more Permian assets
  • US output hits another record high
  • OPEC and IEA warn of oversupply
  • Russia scoffs at calls for 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



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



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


FRIDAY NOV 16, 2018
Crude benchmarks post sixth week of declines • Oil markets move back into oversupply • WCS touches below US$13 a barrel




IN CASE YOU MISSED IT

ALBERTA
CANADA
USA
GLOBAL


UPCOMING EVENTS




 
Friday November 9, 2018

Friday November 9, 2018

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