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 […]
Oil market watchers of all types are awaiting the outcome of this Thursday’s OPEC meeting. And there are several reasons why they should be anxious. Despite recent improvements in oil market fundamentals and price (WTI oil prices are up about 20 percent since the last Vienna assembly), the outcome of the November 30th meeting will […]
