Alberta pushes back on regulatory overhaul • Bitumen prod’n hits record high • TMEP pushed back to 2022, at best • BC awaits FID on LNG Canada • Cenovus rails product to USGC • WCS discount hits US$36 in Hardisty, but touches par with WTI in Houston • Midwest refineries head into maintenance season • OPEC promises to keep a lid on output increases ... sending Brent to 4-yr high.
Cdn crude discount widens to 5-year high • Crude-by-rail expansion continues at Hardisty • Keystone XL gets another blessing by US State Dep't • China adds tariffs to US LNG imports • TSX energy stocks finally catch a bounce • Trump sends OPEC a message via twitter ... while OPEC and friends mull output increase in Algeria.
China revives hopes for new refinery in Edmonton • TMEP cancellation welcome news for CN Rail • Kinder Morgan hires TD to sell remaining Cdn assets • CPP invests in Alberta's carbon capture • TransCanada reaches agreement with BC First Nations ... while Native Americans launch new attack on Keystone XL • Trump dismantles Obama's methane reduction plan • Brent and WTI trend higher ... while WCS and C5+ prices crash • Cdn energy stocks slide back to lows of last spring • World oil supply tops 100 Mbbl/day.
Suncor warns growth contingent on new pipelines • MEG hints at in-situ expansion beyond 2020 • Imperial signs partnership with McKay Métis • Cenovus inks deal for more crude-by-rail • Kinder Morgan hints at full exit from Canada • Discount on Cdn Light blows out • America's plan to swap Iranian imports with US crude • World oil demand to hit 100 Mbbl/day later this year.
Federal Court of Appeal squashes another export pipeline • Trudeau's climate action plan slowly unravels • CNRL buys Total's abandoned Josyln lease ... and hints at Horizon expansion to the south • WCS takes a 15% haircut for the month • US gasoline consumption hits record high • OPEC production surges in August.
Suncor refinery hit by power outage • Burnaby loses another battle against TMEP • Cdn crude-by-rail exports hit another record high • Ontario buys stake in Texas pipeline • Total officially pulls out of Iran • China doubles down on Iranian imports • Norway reconsiders divestiture of energy stocks • Saudis cancel mother of all IPOs • Oil prices halt 2-month slide
NEB clears TMEP from Edmonton to Kamloops • Nova Scotia poised to win LNG race • Keystone XL hits another speed bump • WCS discount narrows but remains under pressure on BP refinery outage • Wholesale gasoline prices take a big tumble • WTI declines for sixth week in a row as USD breaks to the upside
Kinder Morgan staffs up for TMEP restart • Saudi's go nuclear over minister's tweet • Cdn heavy discount widens to 5-yr high • Pipeline construction frenzy continues out of the Permian • Trump reinstates sanctions on Iran • Global oil supply rises in July • US dollar breaks out to 1-yr high ... taking the wind out of oil prices.
Suncor dumps HSBC • Connacher finds a buyer • PSAC lowers 2018 drilling forecast • BC lawyer tries to squish $40B LNG Canada • Cdn energy patch spending down $40B from 2014 • WCS discount heads back to 5-yr high • TransCanada sorts out paperwork on Keystone XL • China threatens US crude and LNG imports
WCS sinks 10% as heavy oil discount widens • NL takes a stake in province's first deepwater project • Cheap oil from AB and W. Texas boosts US refining margin • Lower 48 production hits another record high • BP makes blockbuster purchase of US shale • Saudis block crude exports out of the Red Sea .... giving Brent prices a lift