Prices for WCS on the US Gulf Coast (USGC) are on the rise due to higher demand from outside North America, particularly in Asia.
December 16, 2020
On Nov. 23 the Canadian energy firm announced it would become the operator of its Syncrude oilsands j.v. by the end of next year.
December 09, 2020
Despite the reduction in E&P spending across the globe, including in Mexico, the president of Mexico's private oil association Amexhi and Mexico country manager for Wintershall, said private firms operating in the country are still maintaining its 2024 oil production target of 280K b/d.
December 02, 2020
On Nov. 13 Venezuelan vice president Delcy Rodriguez and PDVSA CEO Asdrubal Chavez arrived in Moscow on an official visit to discuss possible new oil j.v. with Russian energy officials and investors and to "deepen strategic alliances" between the two countries.
November 25, 2020
As a result of bearish market conditions brought on by the coronavirus pandemic and new projects easing pipeline congestion out of the province, Premier Jason Kenny announced that Alberta will suspend production curtailments, effective on Dec.
November 18, 2020
Exports of Venezuelan crude are declining ahead of a deadline set by the US Treasury Dept.
November 11, 2020
WCS prices are expected to find support next year amid higher demand from US refineries due to an expected reduction in heavy Mexican Maya crude exports to the US Gulf Coast (USGC) in 2021, according to BMO Capital Markets.
November 03, 2020
Output from the oilsands patch in the Canadian province of Alberta is now 16% (640K b/d) below pre-COVID-19 levels, an improvement from the 22% (880K b/d) reduction at the peak of production cuts undertaken by oilsands producers due to the pandemic.
October 28, 2020
On Sept. 28, US President Donald Trump issued a presidential permit to Alaska-Alberta Railway Development Corp. (A2A Rail) for its proposed $17B, 2MM-b/d, 600-mile (2,570-km), rail line from Fort McMurray (AB) to Delta Junction at the AK coast.
October 21, 2020
Long-term regular buyers of Venezuelan crude are beginning to halt imports amid a deadline imposed by the US government, five sources close to the decisions told Reuters.
October 14, 2020
