This past weekend, the OPEC plus group met in Abu Dhabi. These Monitoring Committee gatherings typically don’t warrant too much attention, except for the most serious oil wonks. But with the price of global oil sliding from $US 85/B to under $US 70/B in the past 5 weeks (see Figure 1), market watchers of […]
The Canadian oil market remains oversupplied from a surge of oil sands production that has exceeded takeaway capacity and caused record breaking price discounts (see October 30th ARC Energy Ideas “Light at the end of the Pipeline”). Amidst the gloom of today’s extreme price discounts, don’t lose sight of the positive news. The announcements over […]
Western Canada has the cheapest oil prices in the world. Canadian heavy oil is selling for $US 45 under WTI, light oil is selling for $US 25/B less. The price markdowns are costing the Canadian economy over $C 100 million each day. This is not the first episode of Canadian cheap oil. Remember 2012 […]
How could digital technologies – including bots, artificial intelligence and blockchain – change the upstream oil and gas industry as we know it? If the digital transition were a baseball game, what inning are we in? What is the digital prize, in terms of the potential for operating and capital cost savings? ARC’s Jackie Forrest […]
