BOE Report Western Canada Select (WCS) crude’s discount to the benchmark West Texas Intermediate (WTI) narrowed slightly on Tuesday. WCS heavy blend crude for December delivery in Hardisty, Alberta, settled at $28.60 barrel under WTI, according to NE2 Inc, narrowing around 25 cents from the previous session. TC Energy said its 622,000 barrel-per-day Keystone oil pipeline will curtail volumes due
World Oil (Bloomberg) – China’s passion for Alaskan oil appears to be over as the country turns to Russia. Surging Chinese energy demand amid Covid lockdowns on the US West Coast prompted Alaskan oil exporters to ship more crude than any time in two-decades, and nearly all of it went to the East Asian country. So far this
Oil Price The U.S. is rapidly depleting our Strategic Petroleum Reserve (SPR) and is now begging Saudi Arabia and OPEC not to cut oil production. This is a result of the unintended — but predictable — consequences of U.S. energy policy that is often hostile to our domestic energy companies. Our energy policy is often undermined by well-meaning but
Oil Price Regulatory hurdles are stymieing growth in natural gas production in the Marcellus-Utica basin, the largest U.S. gas-producing region, which is set to miss out on the expected boom in American liquefied natural gas (LNG) exports in the coming years. Not only is Marcellus-Utica missing the opportunity to export and monetize natural gas in a world scrambling for LNG
Oil Price The world’s biggest asset manager, BlackRock, is prepared to invest in energy pipelines in the United States as soon as such projects get the green light from the government, BlackRock’s chief executive Larry Fink said on Wednesday. The top executive of BlackRock – which has faced criticism from both environmental campaigners for still investing in conventional energy
World Oil (Bloomberg) — Canadian heavy crude prices plunged to their biggest discount to futures since 2018 and, this time, the collapse has little to do with a shortage of pipelines. Heavy Western Canadian Select’s discount to West Texas Intermediate widened $1.50 to $32.50 a barrel at Hardisty, Alberta, on Wednesday, the widest since November 2018, data compiled by
CNBC Sweden’s national security service on Thursday said a crime scene investigation into the gas leaks from two underwater pipelines connecting Russia to Germany “strengthened the suspicions of gross sabotage.” Sweden’s Security Service said the investigation found there had been detonations at the Nord Stream 1 and 2 pipelines in the Swedish exclusive economic zone, which caused “extensive damage” to the
US News The ruptures on the Nord Stream natural gas pipeline system under the Baltic Sea has led to what is likely the biggest single release of climate-damaging methane ever recorded, the United Nations Environment Programme said on Friday. A huge plume of highly concentrated methane, a greenhouse gas far more potent but shorter-lived than carbon dioxide, was detected
World Oil Publisher’s Note: Tamarack Valley Energy was a presenter at EnerCom Denver last month. Click to view their replay. (Bloomberg) — Deltastream Energy Corp.’s gamble six years ago on drilling for oil in a heavily forested area of northern Alberta with no pipeline links paid off with a C$1.8 billion ($1.4 billion) return for investors, according to its chief
Nasdaq Russia will halt gas supplies via a major pipeline to Europe on Wednesday intensifying an economic battle between Moscow and Brussels and raising the prospects of recession and energy rationing in some of the region’s richest countries. The maintenance on Nord Stream 1 means that no gas will flow to Germany between 01:00 GMT on Aug. 31 and
Yahoo Finance Enbridge Inc. won a battle in its fight with Michigan’s governor to keep its Line 5 pipeline operating after a judge ruled the legal battle over the oil conduit belongs in federal court. Judge Janet Neff of the US District Court for Western Michigan rejected Governor Gretchen Whitmer’s effort to move the case to state court, pointing
Nasdaq Energy pipeline operator Energy Transfer LP ET.N has disclosed a pipeline rupture in Louisiana last month that released 8.2 million cubic feet of natural gas, according to a report filed with the U.S. National Response Center. The July 22 leak, the equivalent of enough gas to supply 40,000 U.S. homes for a day, originated from a gathering system near Ringgold, Louisiana,
