wp_user | ARC Energy Research Institute

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August 27, CHARTS

Construction set to resume on the TMX; Crude by rail hit a record high in June; EPA proposes replacing the Clean Power Plan

Shanghai index has lost $1.5 trillion since Jan; Global oil market balanced in H1 2018 – IEA; US refinery utilization rates highest since 1999

Canadian production down by 120 MB/d in June; Saudi continues to supply oil to Canada; US gas production averaged over 80 Bcf/d in July

WCS differential widened to $31/B; US oil production fell by 30 MB/d; There are 2X rigs targeting oil vs gas in WCSB