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
  • 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 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 LOW OF EARLY 2016 • CONDENSATE PRICES TUMBLE AS DISCOUNT WIDENS • GLOBAL OIL OUTPUT GETS A BOOST FROM OPEC & RUSSIA




IN CASE YOU MISSED IT

ALBERTA
CANADA
USA
GLOBAL


UPCOMING EVENTS




Friday October 12, 2018

Friday October 12, 2018

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