August 26, 2019 Charts
Canadian oil diffs remain unusually narrow; Crude by rail shipments in June rose to 287 kB/d; The US rig count dropped by 16 last week
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Canadian oil diffs remain unusually narrow; Crude by rail shipments in June rose to 287 kB/d; The US rig count dropped by 16 last week
S&P/TSX E&P index lowest since at least 2001; Brent-WTI is its narrowest since July 2018; AECO basis has narrowed in recent months
OECD industry oil stocks rose 32 MMB in June; US gas production hit an all-time high last week; Canadian gas prod in Aug is down 1.3 Bcf/d YoY
The Fed announced a rate cut last Wednesday; WTI oil fell ~$5/B on trade war escalation; US oil production fell by 26 kB/d in May