The approval of construction plan adjustments for the existing Trans Mountain pipeline by Canada's energy regulator has led to a narrowing of the discount at which Canadian crude trades to US West Texas Intermediate (WTI).
January 21, 2024
Throughout the last quarter of 2023, oil prices experienced limited recovery despite a brief rebound earlier in the year.
January 14, 2024
The Canadian oil-sands-producing province, a key player in global oil production, achieved a significant milestone as its oil output surpassed 4MM b/d in Nov., marking the highest production level since 2010.
January 13, 2024
In 2024, the Canadian oil sands industry anticipates a significant boost in export demand due to a pipeline expansion scheduled for early this year.
January 06, 2024
The US Gulf Coast faces an impending shift from a well-supplied heavy crude market to a potential shortage in 2024
December 31, 2023
Anticipated to ease the bottleneck in Canadian crude transportation, the commencement of the Trans Mountain Expansion (TMX) pipeline to the Pacific Coast in 2024 is expected to have significant implications.
December 31, 2023
South American tar sands producer and Spanish energy major have inked a transformative deal for their joint oil venture, a significant development following the relaxation of U.S. sanctions on the nation.
December 25, 2023
The US energy major’s strategic moves in Venezuela are significantly impacting the global oil and gas market
December 16, 2023
Canada's recent announcement of stringent emission caps for the oil and gas sector, aiming for a 35% to 38% reduction below 2019 levels by 2030, carries profound implications for the nation's energy landscape.
December 10, 2023
The country’s oil sands production surge in Alberta prompts a familiar challenge of strained pipeline capacity. Leading operators, like Suncor and Cenovus, are adopting a more modest approach to expansion, connecting existing assets to optimize facilities.
November 26, 2023
