Oil Price Crash Is Already Hitting Alberta’s Production Last week, the tariffs announced by the Trump Administration and the decision by OPEC+ producers to add in May more barrels to the market than expected crushed oil prices. Alberta may see a larger-than-planned budget deficit. Precision Drilling CEO Neveu: oil prices so low are already impacting […]
Continue ReadingPresident Trump\’s new tariffs on energy imports from Canada and Mexico are expected to significantly impact US refiners, particularly those reliant on heavy crude. While Canadian oil imports are likely to continue despite tariffs, Mexican oil imports may see a sharp decline due to alternative sources available to Gulf Coast refiners. These tariffs could lead […]
Continue ReadingWhitecap Resources and Veren have agreed to a $10.4 billion all-share merger, creating a major Canadian oil and condensate producer. The combined company will have an enterprise value of $10.4 billion and produce 370,000 barrels of oil equivalent per day. The merger will create the largest Canadian light oil-focused producer and a significant player in […]
Continue ReadingDaily Standup Top Stories Chris Wright Moves to Refill The Strategic Petroleum Reserve March 9, 2025 Clark Savage Many people are curious about the Trump administration’s plans to refill the Strategic Petroleum Reserve (SPR) that was so callously abused by whomever was making decisions in the Biden administration, which drew this national security […] Canada’s Final US […]
Continue ReadingUS tariffs on Canadian and Mexican imports will add to the financial burden of US refiners struggling with declining profit margins. Canada may divert oil exports to Asia due to the tariffs, while Mexico could retaliate with limitations on oil supplies to the US. Industry leaders warn that the tariffs could ultimately benefit Asian refiners […]
Continue ReadingDaily Standup Top Stories Musk gains ‘full access’ to US Treasury system February 2, 2025 Mariel Alumit Elon Musk’s Department of Government Efficiency (DOGE) has been granted full access to the US Treasury Department’s payment system, according to reports from The New York Times and The Wall Street Journal. Historically, access to […] China to sue US […]
Continue ReadingDaily Standup Top Stories U.S. Sanctions Trigger Russian Oil Exodus January 22, 2025 Mariel Alumit New US sanctions have led to a significant reduction in Russian oil exports as traders halt offers. Indian refiners, including Bharat Petroleum, are struggling to secure Russian oil for March delivery. Standard Chartered predicts that […] Trump unveils $500 billion AI ‘Stargate’ […]
Continue ReadingDaily Standup Top Stories Drill, Baby, Drill’ Hits Wall of Capital Restraint – More like Drill Baby Drill when fiscally responsible! November 13, 2024 Clark Savage Trump will encounter a very different mindset of shale industry executives in 2025 compared to the late 2010s. Discipline and a pragmatic approach to balancing production growth with shareholder returns […]
Continue ReadingDaily Standup Top Stories Trudeau to Order Oil, Gas Producers to Cut Emissions by 35% November 4, 2024 Clark Savage Industry limit to be implemented through cap-and-trade system Canada to start collecting data in 2026, enforcement in 2030 Prime Minister Justin Trudeau’s government will require Canada’s oil and gas industry to cut emissions by 35% from 2019 […] South […]
Continue ReadingDaily Standup Top Stories 10 Can’t-Miss Election Predictions November 2, 2024 Clark Savage ENB Pub Note: This is an excellent article from Robert Bryce’s Substack. I am reaching out to him and will try to record a podcast post on this topic next week. I highly recommend subscribing […] Joe Biden and Kamala’s Iran Oil Sanctions Failure […]
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