A picture, or in this case a chart, can say a thousand words. Last week our ARC SnapChart highlighted the growing discount for AECO price over the past six months (see “AECO Natural Gas: Fifty Percent Discounts Don’t Last Forever”). Our commentary argued that price arbitrages always get ironed out eventually, as evidenced by both […]
This week’s ARC SnapChart plots the dramatic decline in AECO futures pricing over the past six months. The average futures price from 2018 to 2021 has fallen from $C 2.36/GJ in July to $C 1.57/GJ today. At the current price, a molecule of natural gas in Alberta is trading at a fifty percent markdown to […]
This commentary was originally published in the Petroleum Economist’s Outlook 2018. Gone are the frenzied days when multibillion dollar oil sands projects were sanctioned on a regular basis. These days, project cancellations and supermajor exits from Canada have been grabbing the headlines. But if you look beyond the adverse news, there’s an exciting renaissance happening […]
China’s oil imports were up last week, with month-over-month imports increasing by 20 percent. This year, oil demand growth will register well above the 10 year average. Despite the current trend of increasing consumption, the “end of the oil age” is a frequent news headline because of the threat from electric vehicles (EV). However, we […]
