Sunday, September 28, 2025

‘Chock Full’: Enbridge Warns its Pipelines Near Maximum Capacity as Canadian Oil Prices Crash

Widest WTI/WCS price differential in 3 years Full pipelines and reduced capacity have led to a doubling of the discount Canadian producers must accept for their barrels, as they miss out on the oil price rally From the Financial Post CALGARY – Enbridge Inc., Canada’s largest pipeline operator, warned its network of oil pipelines is reaching maximum capacity, on the day heavy

EIA Believes 2018 Will See the Highest U.S. Crude Production Since 1970

In its latest Short-Term Energy Outlook the U.S. Energy Information Administration forecasts total U.S. crude oil production will average 9.2 million BOPD for all of 2017 and 10.0 million BOPD in 2018, which would mark the nation’s highest annual average production—surpassing the previous record of 9.6 million BOPD set in 1970. Crude oil EIA estimates that U.S. crude oil production

OPEC oil prices

OPEC Production Falls October-November, Compliance Hits Record Levels

Cut compliance at 115% OPEC has released this month’s Monthly Oil Market Report, outlining the cartel’s assessment of the state of the international oil industry. Production from the cartel fell in November, as countries reaffirmed their commitment to output cuts. Total OPEC production fell by 133.5 MBOPD to 32,448 MBOPD in November, a significant decrease. According to Bloomberg, OPEC compliance