Industry News and Data for Canadian Energy Insight

Today's Top Energy Headlines

January 22, 2021

Oil posts weekly decline as demand fears dent sentiment www.cnbc.com/2021/01/22/oil-markets-china-coronavirus.html
NDP demands full financial details behind Keystone XL deal calgaryherald.com/news/politics/hes-trying-to-blame-everyone-but-himself-ndp-demands-full-financial-details-behind-keystone-xl-deal

Political scientists say Kenney must rethink pugilistic approach on oil, environment www.jwnenergy.com/article/2021/1/22/political-scientists-say-kenney-must-rethink-pugil/

Loss of Keystone XL pipeline expected to hurt future oilpatch growth energynow.ca/2021/01/loss-of-keystone-xl-pipeline-expected-to-hurt-future-oilpatch-growth-experts/

Alberta premier wants direct compensation from U.S. if Keystone XL pipeline dead energynow.ca/2021/01/alberta-premier-wants-direct-compensation-from-u-s-if-keystone-xl-pipeline-dead/
Energy Shares Plunge As Oil Rally Stalls oilprice.com/Energy/Energy-General/Energy-Shares-Plunge-As-Oil-Rally-Stalls.html

U.S. Proved Oil Reserves Remain Flat, Natural Gas Reserves Decline oilprice.com/Latest-Energy-News/World-News/US-Proved-Oil-Reserves-Remain-Flat-Natural-Gas-Reserves-Decline.html

Weekly Energy Headlines

Oil prices advance as investors eye demand rebound in second half (January 19, 2021) www.cnbc.com/2021/01/18/oil-markets-coronavirus.html
Kenney says killing Keystone sets risky precedent, puts Alberta on hook for $1 billion (January 19, 2021) www.jwnenergy.com/article/2021/1/18/kenney-says-killing-keystone-sets-risky-precedent-/
TC Energy decarbonization response to Keystone setback unlikely to sway ESG investors (January 19, 2021) energynow.ca/2021/01/tc-energy-decarbonization-response-to-keystone-setback-unlikely-to-sway-esg-investors/

Trudeau vows to keep up the fight to sway U.S. on merits of Keystone XL (January 19, 2021) energynow.ca/2021/01/trudeau-vows-to-keep-up-the-fight-to-sway-u-s-on-merits-of-keystone-xl-pipeline/
IEA Cuts Oil Demand Forecast as New Lockdowns Temper Recovery (January 19, 2021) energynow.ca/2021/01/iea-cuts-oil-demand-forecast-as-new-lockdowns-temper-recovery/
Investors Growing More Bullish On Oil (January 19, 2021) oilprice.com/Energy/Energy-General/Investors-Growing-More-Bullish-On-Oil.html

Oil’s supply-led rally peters out as virus cases surge (January 18, 2021) www.cnbc.com/2021/01/18/oil-markets-coronavirus.html
Kenney says Alberta has strong legal argument if Keystone project killed in U.S. (January 18, 2021) calgaryherald.com/news/local-news/kenney-says-alberta-has-strong-legal-argument-if-keystone-project-killed-in-u-s
Transition documents suggest Biden plans Day 1 order rescinding Keystone XL permit (January 18, 2021) www.jwnenergy.com/article/2021/1/18/transition-documents-suggest-biden-plans-day-1-ord/

A chronological history of the controversial Keystone XL pipeline project (January 18, 2021) energynow.ca/2021/01/a-chronological-history-of-the-controversial-keystone-xl-pipeline-project/
Real World Economics Will Drive Alberta’s Oil & Gas Recovery (January 18, 2021) energynow.ca/2021/01/real-world-economics-will-drive-albertas-oil-gas-recovery-david-yager/

Kenney, Moe condemn Biden’s plan to scrap Keystone XL on Day 1 of presidency (January 18, 2021) energynow.ca/2021/01/kenney-moe-condemn-bidens-plan-to-scrap-keystone-xl-on-day-1-of-presidency/
Chinese Refiners Processed Record Amounts Of Crude In 2020 (January 18, 2021) oilprice.com/Latest-Energy-News/World-News/Chinese-Refiners-Processed-Record-Amounts-Of-Crude-In-2020.html

Oil reverses losses, turns positive on stimulus hopes (January 14, 2021) www.cnbc.com/2021/01/14/oil-markets-coronavirus.html

Worker missing after dozer falls through frozen Suncor tailings pond (January 14, 2021) calgaryherald.com/news/local-news/worker-missing-after-dozer-falls-through-frozen-suncor-tailings-pond/wcm/f2ec8504-5944-48d2-aa7d-6beaf4bfbcbe

CAPP forecasts more than $3 billion boost in planned upstream spending for 2021 (January 14, 2021) www.jwnenergy.com/article/2021/1/13/capp-forecasts-3-billion-boost-in-planned-upstream/

IEA says oil market outlook clouded by vaccine roll-out variables (January 14, 2021) energynow.ca/2021/01/iea-says-oil-market-outlook-clouded-by-vaccine-roll-out-variables/
OPEC sees U.S. shale output recovering further on oil rally (January 14, 2021) energynow.ca/2021/01/opec-sees-u-s-shale-output-recovering-further-on-oil-rally/
Why Oil Will Keep Rising In 2021 (January 14, 2021) oilprice.com/Energy/Oil-Prices/Why-Oil-Will-Keep-Rising-In-2021.html
Large U.S. Banks Can No Longer Deny Funding To Oil & Gas (January 14, 2021) oilprice.com/Latest-Energy-News/World-News/US-Watchdog-Large-US-Banks-Can-No-Longer-Deny-Funding-To-Oil-Gas.html

Oil hits highest level since February ahead of inventory data (January 12, 2021) www.cnbc.com/2021/01/12/oil-markets-coronavirus-us-crude-inventory.html

Enbridge rejects Michigan's demand to shut down oil pipeline (January 12, 2021) www.jwnenergy.com/article/2021/1/12/enbridge-rejects-michigans-demand-to-shut-down-oil/
Sarnia fears thousands of job losses if Michigan blocks Enbridge's Line 5 pipeline (January 12, 2021) calgaryherald.com/commodities/energy/sarnia-fears-thousands-of-job-losses-if-michigan-blocks-enbridges-line-5-pipeline/wcm/106f14f5-e88f-49ef-8298-00f2ba9c2886
Third of oil and gas workers faced pay cut in 2020 due to pandemic (January 12, 2021) energynow.ca/2021/01/third-of-oil-and-gas-workers-faced-pay-cut-in-2020-due-to-pandemic-survey-shows/

A Matter of Fact: Line 3 Replacement Project is Safe, Required and Responsible (January 12, 2021) energynow.ca/2021/01/a-matter-of-fact-line-3-replacement-project-safe-required-and-responsible/
Why The Last Leg Of The Oil Demand Recovery Is The Hardest (January 12, 2021) oilprice.com/Energy/Energy-General/Why-The-Last-Leg-Of-The-Oil-Demand-Recovery-Is-The-Hardest.html
Why A Fracking Ban Won’t Kill U.S. Shale (January 12, 2021) oilprice.com/Energy/Crude-Oil/Why-A-Fracking-Ban-Wont-Kill-US-Shale.html

Oil hits highest level since February, posts ninth positive week in 10 (January 8, 2021) www.cnbc.com/2021/01/08/oil-markets-saudi-output-cuts.html
Biden’s climate goals get greener path as Democrats take Senate (January 8, 2021) www.jwnenergy.com/article/2021/1/8/bidens-climate-goals-get-greener-path-as-democrats/

Exporting the U.S. Shale Boom Has Changed Oil Markets Forever (January 8, 2021) energynow.ca/2021/01/exporting-the-u-s-shale-boom-has-changed-oil-markets-forever/
Saudi Prince Hits a New Year Reset by Making Allies Not Enemies (January 8, 2021) energynow.ca/2021/01/saudi-prince-hits-a-new-year-reset-by-making-allies-not-enemies/
U.S. drillers add oil and gas rigs for 7th week in a row (January 8, 2021) energynow.ca/2021/01/u-s-drillers-add-oil-and-gas-rigs-for-7th-week-in-a-row-baker-hughes/
Oil Bulls Are Back (January 8, 2021) oilprice.com/Energy/Energy-General/Oil-Bulls-Are-Back.html

Big Oil Is Getting Serious About Carbon Capture (January 8, 2021) oilprice.com/Energy/Energy-General/Big-Oil-Is-Getting-Serious-About-Carbon-Capture.html

Oil jumps to highest since Feb. after larger-than-expected inventory draw (January 6, 2021) www.cnbc.com/2021/01/06/oil-markets-saudi-arabia-output-cut.html
Enbridge contract plan blasted by oil producers as attempt to fend off competition (January 6, 2021) calgaryherald.com/commodities/producers-slam-enbridges-efforts-to-set-mainline-contracts-before-competitors-extensions-completed/wcm/0d25d7a9-d108-4eb7-a515-07e5a70ab18f

Judge allows Trump auction of Arctic refuge drilling rights (January 6, 2021) www.jwnenergy.com/article/2021/1/6/judge-allows-trump-auction-of-arctic-refuge-drilli/
The 10 Ways Renewable Energy’s Boom Year Will Shape 2021 (January 6, 2021) energynow.ca/2021/01/the-10-ways-renewable-energys-boom-year-will-shape-2021/
Canada’s oil sands hit record high production (January 6, 2021) energynow.ca/2021/01/canadas-oil-sands-hit-record-high-production-govt-data/

World Winter Is Colder This Year and That’s Good for Energy Prices (January 6, 2021) energynow.ca/2021/01/world-winter-is-colder-this-year-and-thats-good-for-energy-prices/
TC Energy invites bids for Keystone pipeline space as plans advance for Keystone XL (January 6, 2021) energynow.ca/2021/01/tc-energy-invites-bids-for-keystone-pipeline-space-as-plans-advance-for-keystone-xl-2/

Oil jumps, breaks above $50 as Saudi Arabia announces voluntary cuts (January 5, 2021) www.cnbc.com/2021/01/05/oil-breaks-above-50-for-the-first-time-since-february.html
Despite OPEC+ discord, Canadian oil producers expect 12% spending jump in 2021 (January 5, 2021) calgaryherald.com/opinion/columnists/varcoe-despite-opec-discord-canadian-oil-producers-expect-12-spending-jump-in-2021

OPEC+ Heads Back Into Talks on Supply Hike With Russia Isolated (January 5, 2021) energynow.ca/2021/01/opec-heads-back-into-talks-on-supply-hike-with-russia-isolated/
Suncor to take $425M impairment charge on White Rose and West White Rose (January 5, 2021) energynow.ca/2021/01/suncor-to-take-425m-impairment-charge-on-white-rose-and-west-white-rose/
Vacations abroad cost Canadian politicians’ jobs amid COVID-19 travel curbs (January 5, 2021) energynow.ca/2021/01/vacations-abroad-cost-canadian-politicians-jobs-amid-covid-19-travel-curbs/
Oil Rally Unaffected By Major Product Builds (January 5, 2021) oilprice.com/Latest-Energy-News/World-News/Oil-Rally-Unaffected-By-Major-Product-Builds.html

Oil Surprisingly Steady Since 2020 Negative Price Disaster (January 5, 2021) oilprice.com/Energy/Energy-General/Oil-Surprisingly-Steady-Since-2020-Negative-Price-Disaster.html

Oil advances on U.S. inventory draw, but demand fears weigh (December 30, 2020) www.cnbc.com/2020/12/30/oil-markets-coronavirus.html
Yergin looks at historic year for oil, profound shift coming for energy complex (December 30, 2020) calgaryherald.com/business/varcoe-yergin-looks-at-historic-year-for-oil-profound-shift-coming-for-energy-complex

Trudeau gifting taxpayers broken promises and higher carbon taxes (December 30, 2020) energynow.ca/2020/12/trudeau-gifting-taxpayers-broken-promises-and-higher-carbon-taxes-ctf/
Human Nature Permitting, Canadian Oil & Gas Has A Strong Future (December 30, 2020) energynow.ca/2020/12/2021-outlook-part-2-human-nature-permitting-canadian-oil-gas-has-a-strong-future-david-yager/
Two workers killed in collision at Suncor oilsands mine near Fort McMurray (December 30, 2020) energynow.ca/2020/12/two-workers-killed-in-collision-at-suncor-oilsands-mine-near-fort-mcmurray/

UAE emerges as hub for companies helping Venezuela avoid U.S. oil sanctions (December 30, 2020) energynow.ca/2020/12/special-report-uae-emerges-as-hub-for-companies-helping-venezuela-avoid-u-s-oil-sanctions/

OPEC+ Compliance Continues To Exceed 100% (December 30, 2020) oilprice.com/Latest-Energy-News/World-News/OPEC-Compliance-Continues-To-Exceed-100.html

Oil jumps more than 2% after U.S. inventory draw (December 23, 2020) www.cnbc.com/2020/12/23/oil-markets-us-crude-oil-stocks-coronavirus.html
Canadian crude-by-rail exports fall slightly in October to 92,800 barrels per day (December 23, 2020) www.jwnenergy.com/article/2020/12/23/canadian-crude-by-rail-exports-fall-slightly-in-oc/

Contractor dies at Enbridge Line 3 replacement construction yard in Minnesota (December 23, 2020) www.jwnenergy.com/article/2020/12/23/contractor-dies-at-enbridge-line-3-replacement-con/
Canada criticized for clean fuel rules that hit poorest households hardest (December 23, 2020) energynow.ca/2020/12/canada-criticized-for-clean-fuel-rules-that-hit-poorest-households-hardest/
Gas price rally buoys North American LNG developers looking to 2021 (December 23, 2020) energynow.ca/2020/12/gas-price-rally-buoys-north-american-lng-developers-looking-to-2021/
Dawn of Biden era offers new opportunities, old challenges for Canada-U.S. relations (December 23, 2020) energynow.ca/2020/12/dawn-of-biden-era-offers-new-opportunities-old-challenges-for-canada-u-s-relations/
Russia’s Crude Oil Exports Drop 10% In January-October (December 23, 2020) oilprice.com/Latest-Energy-News/World-News/Russias-Crude-Oil-Exports-Drop-10-In-January-October.html

Oil prices rise, touch 9-month high on U.S. stimulus progress (December 17, 2020) www.cnbc.com/2020/12/17/oil-markets-coronavirus-us-crude-stockpiles.html
Virus spreads in oilpatch with outbreak at Chevron site (December 17, 2020) www.jwnenergy.com/article/2020/12/17/virus-spreads-in-oilpatch-with-outbreak-at-chevron/
Investors turn bullish on pandemic-hit North America oil stocks (December 17, 2020) energynow.ca/2020/12/investors-turn-bullish-on-pandemic-hit-north-america-oil-stocks/
COVID Vaccine Will Prevent More False Predictions About Oil’s Future (December 17, 2020) energynow.ca/2020/12/2021-outlook-part-1-covid-vaccine-will-prevent-more-false-predictions-about-oils-future-david-yager/

World faces long-term oil supply gap despite COVID demand destruction (December 17, 2020) energynow.ca/2020/12/world-faces-long-term-oil-supply-gap-despite-covid-demand-destruction/
U.S. Backs EastMed Pipeline To Supply Gas To Europe (December 17, 2020) oilprice.com/Latest-Energy-News/World-News/US-Backs-EastMed-Pipeline-To-Supply-Gas-To-Europe.html
Oil Industry Needs Whopping $12.6 Trillion In Investments (December 17, 2020) oilprice.com/Energy/Energy-General/Oil-Industry-Needs-Whopping-126-Trillion-In-Investments.html

Oil advances after larger-than-expected U.S. crude stockpile draw (December 16, 2020) www.cnbc.com/2020/12/16/oil-markets-coronavirus-us-crude-inventories.html

Biden taps Buttigieg for transportation, Granholm for energy (December 16, 2020) www.jwnenergy.com/article/2020/12/16/biden-taps-buttigieg-for-transportation-granholm-f/
Husky shareholders back friendly takeover by Cenovus for $3.8 billion in shares (December 16, 2020) energynow.ca/2020/12/husky-shareholders-back-friendly-takeover-by-cenovus-for-3-8-billion-in-shares/
Minister O’Regan Launches Hydrogen Strategy for Canada (December 16, 2020) energynow.ca/2020/12/minister-oregan-launches-hydrogen-strategy-for-canada/
Biden Ban on federal drilling leases would cost eight U.S. states billions (December 16, 2020) energynow.ca/2020/12/ban-on-federal-drilling-leases-would-cost-eight-u-s-states-billions-study-finds/
New US LNG project required to use natural gas from Canada to lower GHGs (December 16, 2020) energynow.ca/2020/12/new-us-lng-project-required-to-use-natural-gas-from-canada-to-lower-ghgs-deborah-jaremko/
The Pipeline Tech Transforming The Oil Industry (December 16, 2020) oilprice.com/Energy/Energy-General/The-Pipeline-Tech-Transforming-The-Oil-Industry.html

Oil prices rise to 9-month high on vaccine rollout, stimulus hopes (December 14, 2020) www.cnbc.com/2020/12/14/oil-markets-coronavirus.html

Oilsands win favour on Wall Street after years in shale’s shadow (December 14, 2020) www.jwnenergy.com/article/2020/12/14/oilsands-win-favour-on-wall-street-after-years-in-/
12 Strange Things About the Clean Fuel Standard (December 14, 2020) energynow.ca/2020/12/12-strange-things-about-the-clean-fuel-standard-deidra-garyk/

U.S. drillers add most oil and gas rigs since January (December 14, 2020) energynow.ca/2020/12/u-s-drillers-add-most-oil-and-gas-rigs-since-january-baker-hughes/

Asset Managers Are Turning Up The Heat On Energy Companies (December 14, 2020) oilprice.com/Energy/Energy-General/Asset-Managers-Are-Turning-Up-The-Heat-On-Energy-Companies.html

Upheaval In Big Oil’s Board Rooms (December 14, 2020) oilprice.com/Energy/Energy-General/Upheaval-In-Big-Oils-Board-Rooms.html

Europe’s Top Truck Makers Vow To Stop Diesel Vehicle Sales By 2040 (December 14, 2020) oilprice.com/Latest-Energy-News/World-News/Europes-Top-Truck-Makers-Vow-To-Stop-Diesel-Vehicle-Sales-By-2040.html

Oil pulls back amid Covid restrictions, but still posts sixth straight week of gains (December 11, 2020) www.cnbc.com/2020/12/11/oil-markets-coronavirus-vaccine-rollouts-begin.html