Industry News and Data for Canadian Energy Insight

Today's Top Energy Headlines

October 21 2020

Oil drops 4% on weak U.S. gasoline demand www.cnbc.com/2020/10/21/oil-markets-coronavirus-us-crude-stockpiles.html
As new report shows historic 10 per cent hit to city economy, it’s time for Calgary to play more offence calgaryherald.com/opinion/columnists/varcoe-facing-historic-10-per-cent-hit-to-economy-its-time-for-calgary-to-play-more-offence

Alberta welcomes federal OK of NGTL gas pipeline expansion while criticizing delay www.jwnenergy.com/article/2020/10/21/alberta-welcomes-federal-ok-of-ngtl-gas-pipeline-e/

Suncor Studies Sale of North Sea Oil and Gas Fields energynow.ca/2020/10/suncor-studies-sale-of-north-sea-oil-and-gas-fields-by-laura-hurst-and-dinesh-nair/
Carbon Pricing in High-Income OECD Countries – Fraser Institute energynow.ca/2020/10/carbon-pricing-in-high-income-oecd-countries-fraser-institute/
Western Canadian oil output still down after restoring some COVID cutbacks energynow.ca/2020/10/western-canadian-oil-output-still-down-after-restoring-some-covid-cutbacks-cer-says/
Big Oil Hamstrung In Tackling Methane Problem oilprice.com/Energy/Energy-General/Big-Oil-Hamstrung-In-Tackling-Methane-Problem.html

Weekly Energy Headlines

Oil rises on U.S. stimulus hopes, but Covid-19 cases keep gains in check (October 20, 2020) www.cnbc.com/2020/10/20/oil-markets-coronavirus-opec.html
After providing tax relief to oilpatch, province must tackle unpaid taxes to municipalities (October 20, 2020) calgaryherald.com/opinion/columnists/varcoe-after-providing-tax-relief-to-oilpatch-province-must-tackle-unpaid-taxes-to-municipalities

Worried about weak oil demand, OPEC pledges action (October 20, 2020) energynow.ca/2020/10/worried-about-weak-oil-demand-opec-pledges-action/
Alberta welcomes federal approval of gas pipeline expansion while criticizing delay (October 20, 2020) energynow.ca/2020/10/alberta-welcomes-federal-approval-of-gas-pipeline-expansion-while-criticizing-delay-2/
Tribes make new move to shut down Dakota Access Pipeline (October 20, 2020) energynow.ca/2020/10/tribes-make-new-move-to-shut-down-dakota-access-pipeline/
‘Dear Canada’: Colorado climate group appeals to Canadians over CPP-owned energy firm (October 20, 2020) energynow.ca/2020/10/dear-canada-colorado-climate-group-appeals-to-canadians-over-cpp-owned-energy-firm/
Alberta Unimpressed By Canadian Plastics Ban (October 20, 2020) oilprice.com/Energy/Energy-General/Alberta-Unimpressed-By-Canadian-Plastics-Ban.html

Oil little changed, despite OPEC+ members stressing compliance (October 17, 2020) www.cnbc.com/2020/10/19/oil-markets-coronavirus-china-economy.html

Arrests escalate protest over Trans Mountain pipeline (October 17, 2020) calgaryherald.com/business/arrests-escalate-protest-over-trans-mountain-pipeline

Calfrac investors approve company plan over Wilks Brothers takeover (October 17, 2020) www.jwnenergy.com/article/2020/10/19/calfrac-investors-approve-company-plan-over-wilks-/
Minnesota judge upholds state decision on Enbridge Line 3 pipeline replacement (October 17, 2020) energynow.ca/2020/10/minnesota-judge-upholds-state-decision-on-enbridge-line-3-pipeline-replacement/

Trudeau Is Preparing to Test Limits of Debt-Financed Spending (October 17, 2020) energynow.ca/2020/10/trudeau-is-preparing-to-test-limits-of-debt-financed-spending/
ConocoPhillips to buy Concho Resources for $9.7 billion in 2020’s top shale deal (October 17, 2020) energynow.ca/2020/10/conocophillips-to-buy-concho-resources-for-9-7-billion-in-2020s-top-shale-deal/
OPEC Meeting Ends Without Firm Decision On Output Cuts (October 17, 2020) oilprice.com/Latest-Energy-News/World-News/OPEC-Meeting-Ends-Without-Firm-Decision-On-Output-Cuts.html

Oil dips on rising Covid-19 cases, but posts second straight week of gains (October 16, 2020) www.cnbc.com/2020/10/16/oil-falls-as-possible-opec-supply-boost-covid-spike-weigh-on-sentiment.html

India emerges as market hungry for Canadian heavy oil (October 16, 2020) energynow.ca/2020/10/india-emerges-as-market-hungry-for-canadian-heavy-oil-deborah-jaremko/
Saskatchewan’s Scott Moe concerned about Biden’s opposition to Keystone XL (October 16, 2020) energynow.ca/2020/10/saskatchewans-scott-moe-concerned-about-bidens-opposition-to-keystone-xl/
U.S. oil and gas rig count rises by most since January (October 16, 2020) energynow.ca/2020/10/u-s-oil-and-gas-rig-count-rises-by-most-since-january-baker-hughes/
Trans Mountain pipeline good for province, country (October 16, 2020) www.cowichanvalleycitizen.com/opinion/trans-mountain-pipeline-good-for-province-country/

COVID Kills Another Oil Rally (October 16, 2020) oilprice.com/Energy/Energy-General/COVID-Kills-Another-Oil-Rally.html

China’s Oil Imports Are Falling (October 16, 2020) oilprice.com/Energy/Energy-General/Chinas-Oil-Imports-Are-Falling.html

Oil slips as lockdown measures threaten demand, but U.S. inventory draw limits downside (October 15, 2020) www.cnbc.com/2020/10/15/oil-markets-coronavirus-opec.html

Alberta to resume oil land sales, but critics warn against 'giving away' assets (October 15, 2020) calgaryherald.com/commodities/energy/alberta-to-resume-oil-land-sales-but-critics-warn-against-giving-away-assets-in-severe-downturn/wcm/e7d6af39-899c-4a22-87a5-098515d63045

Alberta premier says he’s still hopeful about Keystone, even if Biden elected (October 15, 2020) energynow.ca/2020/10/alberta-premier-says-hes-still-hopeful-about-keystone-even-if-biden-elected/
OPEC+ will ensure oil prices do not plunge again, says OPEC chief (October 15, 2020) energynow.ca/2020/10/opec-will-ensure-oil-prices-do-not-plunge-again-says-opec-chief/
Energy Demand to Receive a Work-From-Home Boost This Winter (October 15, 2020) energynow.ca/2020/10/energy-demand-to-receive-a-work-from-home-boost-this-winter/
Many Lost U.S. Oil Jobs May Never Return (October 15, 2020) oilprice.com/Energy/Energy-General/Many-Lost-US-Oil-Jobs-May-Never-Return.html
Oil Jumps On Bullish EIA Inventory Report (October 15, 2020) oilprice.com/Energy/Energy-General/Oil-Jumps-On-Bullish-EIA-Inventory-Report.html

Oil jumps 2% ahead of U.S. inventory data (October 14, 2020) www.cnbc.com/2020/10/14/oil-markets-coronavirus-opec.html

Banks and insurers shun Canada’s oil sands (October 14, 2020) energynow.ca/2020/10/banks-and-insurers-shun-canadas-oil-sands/

Moment of Truth – How Confederation Serves Alberta Poorly (October 14, 2020) energynow.ca/2020/10/book-review-moment-of-truth-how-confederation-serves-alberta-poorly-david-yager/
ConocoPhillips in Talks to Buy Concho Resources in Big Shale Bet (October 14, 2020) energynow.ca/2020/10/conocophillips-in-talks-to-buy-concho-resources-in-big-shale-bet/
Canada's oil patch seeks government green aid to produce cleaner crude (October 14, 2020) ca.reuters.com/article/us-global-oil-canada-environment-focus-idCAKBN26Z2NL
OPEC+ To Relax Oil Production Cuts Despite Second Wave (October 14, 2020) oilprice.com/Energy/Crude-Oil/Russia-OPEC-To-Relax-Oil-Production-Cuts-Despite-Second-Wave.html
Saudi Aramco Sees Tighter Oil Markets In 2022 (October 14, 2020) oilprice.com/Energy/Crude-Oil/Saudi-Aramco-Sees-Tighter-Oil-Markets-In-2022.html

Oil gains nearly 2% as robust China trade data offsets returning supply (October 13, 2020) www.cnbc.com/2020/10/13/oil-markets-coronavirus.html

Alberta oil output 16% below pre-COVID levels (October 13, 2020) calgaryherald.com/pmn/business-pmn/alberta-oil-output-16-below-pre-covid-levels-minister/wcm/5c5291af-b3e4-46b3-9c72-5f4a7f9e38cb

Pandemic could delay energy demand recovery to 2025 (October 13, 2020) energynow.ca/2020/10/pandemic-could-delay-energy-demand-recovery-to-2025/
Saudi Aramco and BlackRock, others, discussing deal worth over $10 billion (October 13, 2020) energynow.ca/2020/10/saudi-aramco-and-blackrock-others-discussing-deal-worth-over-10-billion-sources/
Oil Holds Its Breath As Presidential Election Approaches (October 13, 2020) oilprice.com/Energy/Energy-General/Oil-Holds-Its-Breath-As-Presidential-Election-Approaches.html
Morgan Stanley Sees Oil Prices Struggling To Break Above $50 (October 13, 2020) oilprice.com/Energy/Energy-General/Morgan-Stanley-Sees-Oil-Prices-Struggling-To-Break-Above-50.html
The Real Reason China Is Betting Big On Renewables (October 13, 2020) oilprice.com/Energy/Energy-General/The-Real-Reason-China-Is-Betting-Big-On-Renewables.html

Oil falls nearly 3% as production comes back online (October 12, 2020) www.cnbc.com/2020/10/12/oil-markets-hurricane-delta.html
How much Albertans and their oil and gas sector have contributed to federal finances (October 12, 2020) energynow.ca/2020/10/how-much-albertans-and-their-oil-and-gas-sector-have-contributed-to-federal-finances/
12 things to know about Ottawa’s Clean Fuel Standard (October 12, 2020) energynow.ca/2020/10/12-things-to-know-about-ottawas-clean-fuel-standard-resource-works/

Alberta unconcerned about OPEC prediction for slower growth in oil demand over next 25 years (October 12, 2020) energynow.ca/2020/10/alberta-unconcerned-about-opec-prediction-for-slower-growth-in-oil-demand-over-next-25-years/
Absent any new policy, carbon tax must rise to meet Paris emission targets, PBO says (October 12, 2020) energynow.ca/2020/10/china-aims-to-cut-all-greenhouses-gases-by-2060-researcher-says/
Libya Reopens Biggest Oil Field, Giving OPEC+ a New Headache (October 12, 2020) www.bloomberg.com/news/articles/2020-10-11/libya-lifts-force-majeure-on-biggest-oil-field-of-sharara
Goldman Sachs: Biden Win Is Bullish For Oil (October 12, 2020) oilprice.com/Energy/Energy-General/Goldman-Sachs-Biden-Win-Is-Bullish-For-Oil.html

IEA: Natural Gas Demand To See Largest Drop Ever In 2020 (October 12, 2020) oilprice.com/Energy/Energy-General/IEA-Natural-Gas-Demand-To-See-Largest-Drop-Ever-In-2020.html

Oils jumps 9% for the week, snapping two-week losing streak (October 9, 2020) www.cnbc.com/2020/10/09/oil-markets-norway-strike.html
Major new Illinois power plant to be fed by low-emissions natural gas from Alberta (October 9, 2020) energynow.ca/2020/10/major-new-illinois-power-plant-to-be-fed-by-low-emissions-natural-gas-from-alberta/
The super-sized contributions from oil and gas, Albertans to Ottawa (October 9, 2020) energynow.ca/2020/10/commentary-the-super-sized-contributions-from-oil-and-gas-albertans-to-ottawa-mark-milke-lennie-kaplan/
Billionaire investor Carl Icahn sees energy sector rebound but urges patience (October 9, 2020) energynow.ca/2020/10/billionaire-investor-carl-icahn-sees-energy-sector-rebound-but-urges-patience/

Justin Trudeau's co-ordinated assault on Canadian energy (October 9, 2020) nationalpost.com/opinion/conrad-black-trudeaus-environmental-policies-threaten-canada-itself

Oil Prices Climb 10% In A Week (October 9, 2020) oilprice.com/Energy/Energy-General/Oil-Prices-Climb-10-In-A-Week.html

Saudi Arabia May Face Budget Squeeze After 2021 (October 9, 2020) www.bloomberg.com/news/articles/2020-10-08/saudi-arabia-may-face-budget-squeeze-after-2021-moody-s-says

Oil jumps 3% to highest level in nearly five weeks on supply losses (October 8, 2020) www.cnbc.com/2020/10/08/oil-markets-gulf-of-mexico-coronavirus.html
In a world with too much oil, OPEC+ sweats its next move (October 8, 2020) www.jwnenergy.com/article/2020/10/8/in-a-world-with-too-much-oil-opec-sweats-its-next-/
Trudeau’s second carbon tax coming at worst possible time (October 8, 2020) energynow.ca/2020/10/trudeaus-second-carbon-tax-coming-at-worst-possible-time-ctf/
OPEC, in major shift, says oil demand to plateau in late 2030s (October 8, 2020) energynow.ca/2020/10/opec-in-major-shift-says-oil-demand-to-plateau-in-late-2030s/
Ottawa's delay of Alberta’s gas pipeline: Building back slower (October 8, 2020) www.thewhig.com/opinion/opinion-ottawas-delay-of-albertas-gas-pipeline-building-back-slower/wcm/62722892-3428-4a11-9091-78dcded4a241
Oil Spikes After OPEC Claims: ‘’The Worst Is Over For The Oil Market’’ (October 8, 2020) oilprice.com/Energy/Oil-Prices/Oil-Spikes-After-OPEC-Claims-The-Worst-Is-Over-For-The-Oil-Market.html

The Energy Sectors Most Threatened By A Biden Presidency (October 8, 2020) oilprice.com/Energy/Energy-General/The-Energy-Sectors-Most-Threatened-By-A-Biden-Presidency.html

Oil jumps on hurricane approaching Gulf Coast, supply disruptions (October 6, 2020) www.cnbc.com/2020/10/06/oil-markets-coronavirus-gulf-of-mexico.html
Alberta announces plans to export hydrogen by 2040 (October 6, 2020) calgaryherald.com/business/energy/alberta-unveiling-plans-to-use-hydrogen-to-cut-emissions-and-produce-more-oil

Irving Oil terminates purchase of North Atlantic Refinery Limited (October 6, 2020) energynow.ca/2020/10/irving-oil-terminates-purchase-of-north-atlantic-refinery-limited/
Discussions about N.L. oil refinery future ongoing: Premier (October 6, 2020) www.jwnenergy.com/article/2020/10/6/discussions-about-nl-oil-refinery-future-ongoing-p/
In 2020, It’s Now Open Season On Oil Workers (October 6, 2020) energynow.ca/2020/10/it-is-now-open-season-on-oil-workers-david-yager/
Natural Gas Offers Lifeline For Distressed Gulf Oil Giants (October 6, 2020) oilprice.com/Energy/Energy-General/Natural-Gas-Offers-Lifeline-For-Distressed-Gulf-Oil-Giants.html
Russia Is Expanding Its Energy Influence In Africa (October 6, 2020) oilprice.com/Energy/Energy-General/Russia-Is-Expanding-Its-Energy-Influence-In-Africa.html

Oil slips more than 4% on oversupply fears, sees fourth negative week in five (October 2, 2020) www.cnbc.com/2020/10/02/oil-markets-coronavirus.html

Throne speech represents existential threat to Alberta’s energy transformation (October 2, 2020) calgaryherald.com/opinion/columnists/opinion-throne-speech-represents-existential-threat-to-albertas-energy-transformation

Court hearing to resume in B.C. over Coastal GasLink pipeline (October 2, 2020) www.jwnenergy.com/article/2020/10/2/court-hearing-to-resume-in-bc-over-coastal-gaslink/
Painted Pony shareholders approve sale to Canadian Natural Resources (October 2, 2020) energynow.ca/2020/10/painted-pony-shareholders-approve-sale-to-canadian-natural-resources/
Suncor Energy says it will cut 10 to 15 per cent of its workforce over next 18 months (October 2, 2020) energynow.ca/2020/10/suncor-energy-says-it-will-cut-10-to-15-per-cent-of-its-workforce-over-next-18-months/
Iraq Boosts Oil Exports Despite OPEC+ Pledges (October 2, 2020) oilprice.com/Latest-Energy-News/World-News/Iraq-Boosts-Oil-Exports-Despite-OPEC-Pledges.html
What Trump’s Positive COVID Test Means For Oil (October 2, 2020) oilprice.com/Energy/Energy-General/What-Trumps-Positive-COVID-Test-Means-For-Oil.html

Oil dips nearly 4% on weak demand outlook and higher OPEC output (October 1, 2020) www.cnbc.com/2020/10/01/oil-markets-coronavirus.html

TransAlta and Tidewater selling Pioneer Pipeline to Atco instead of TC Energy (October 1, 2020) www.jwnenergy.com/article/2020/10/1/transalta-and-tidewater-selling-pioneer-pipeline-t/

Oil refiner Marathon says 12% of workforce affected in jobs cull (October 1, 2020) www.jwnenergy.com/article/2020/10/1/oil-refiner-marathon-says-12-of-workforce-affected/
Despite COVID impact, Canada will need more pipelines for oilpatch to grow (October 1, 2020) calgaryherald.com/opinion/columnists/varcoe-despite-covid-impact-canada-will-need-more-pipelines-for-oilpatch-to-grow
Permit in Hand, An Entrepreneur Starts on Alaska-Alberta Railway (October 1, 2020) energynow.ca/2020/10/permit-in-hand-an-entrepreneur-starts-on-alaska-alberta-railway/
Oil and gas rival Paramount Resources says it may make a takeover bid for NuVista (October 1, 2020) energynow.ca/2020/10/nuvista-shares-jump-on-potential-takeover-bid-by-oil-and-gas-rival-paramount/
Carbon Capture Is A Critical Part Of Our Energy Future (October 1, 2020) oilprice.com/Energy/Energy-General/Carbon-Capture-Is-A-Critical-Part-Of-Our-Energy-Future.html

Oil jumps more than 2% on optimistic inventory data (September 30, 2020) www.cnbc.com/2020/09/30/oil-markets-coronavirus.html
Natural gas producers frustrated by Ottawa's delay to TC Energy's biggest pipeline expansion (September 30, 2020) calgaryherald.com/commodities/energy/natural-gas-producers-frustrated-by-ottawas-delay-to-tc-energys-biggest-pipeline-expansion/wcm/704a54e6-d7db-4907-8dbc-50c35ac90032