January 28, 2019 Charts
Canadian oil differentials remain very narrow; Cdn crude exports by rail hit 330 kB/d in Nov; US crude inventories rose by 8 MMB
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Canadian oil differentials remain very narrow; Cdn crude exports by rail hit 330 kB/d in Nov; US crude inventories rose by 8 MMB
E&P equities have risen since the start of the yr; The global oil market was in surplus in Q4; The US oil rig count fell by 21 last week
WTI broke back through $50/B on Wednesday; Canadian oil differentials are at multi-year lows; US rig rates are stable despite falling prices
WTI-WCS differential has contracted materially; Crude by rail exports hit a record high in October; OPEC production dropped 0.5 MMB/d in Dec
