To pursue his climate-change agenda, US President Joe Biden's executive order to cancel the Keystone XL pipeline construction permit on Jan. 20 appeared to deal a final blow to the future of oilsands production in Canada.
April 12, 2021
According to Refinitiv Commodities Research, Canadian crude output at the end of Dec. was 4.5MM b/d, up 4% from Nov. output of 4.3MM b/d.
April 01, 2021
During committee deliberations for the 2021-2022 budget, Treasury Board President and Alberta Finance Minister Travis Toews said the province's exposure to the cancelled Keystone XL pipeline project amounts to nearly $1.3B.
March 24, 2021
Some analysts had earlier expected that US President Biden's administration will take a softer stance on Venezuela and will lift sanctions imposed by former President Trump.
March 05, 2021
Last year, the US supermajor wrote off 33.3% of their oil reserves due to the COVID-19 pandemic crashing global oil prices and demand. ExxonMobil Corp.
March 01, 2021
The proposed $1.5B, 85-mile (138-km) Uinta Basin Railway (UBR) could help support production of waxy Uinta Basin crude (40-42°API, almost no metals and sulfur) from the state of Utah as the rail line would allow Uinta crude to be railed to the US Gulf and West Coasts.
February 23, 2021
The move by the US Biden administration to revoke the construction permit for Canadian mid¬stream firm TC Energy's $8B, 830K-b/d Keystone XL pipeline could sup¬port crude-by-rail (CBR) exports out of Canada to the US moving forward after rebounding late in 2020.
February 19, 2021
Data from Canada's Alberta Energy Regulator released during the week of Jan. 4 show oilsands output in Nov. hit a record high of 3.16MM b/d due to rising oil prices and demand.
January 20, 2021
With US President-elect Joe Biden set to be inaugurated on Jan. 20 and the expectation that a Biden administration will ease sanctions on Iran and Venezuela, the South American nation has resumed direct crude exports to China.
January 13, 2021
Wall Street firms, including BMO Capital Markets, BofA Securities, Goldman Sachs Group, and Morgan Stanley, are very bullish on the ability of Canadian oilsands firms to generate healthy cash flow next year.
January 07, 2021
