Canada’s top oil- and gas-producing province is expected to score the nation’s strongest comeback this year on improved commodity prices after taking the biggest dive in 2020 driven by the Covid-19 pandemic, according to a new report. As measured in 2012 dollars, the “real” trend yardstick used by the Conference Board of Canada, Alberta’s gross…
Articles from Economics
Natural gas futures advanced for a second consecutive session on Monday, as traders mulled weather-driven demand potential, continued strong liquefied natural gas (LNG) volumes and the potential for light storage levels moving through the summer months. The June Nymex contract advanced 3.5 cents day/day and settled at $2.966/MMBtu. July rose 3.6 cents to $3.014. Spot…
Facing Unprecedented Economic Contraction, Mexico’s Government Urged to Change Course on Energy Policy
Mexican business chamber Confederación Patronal de la República (Coparmex) has issued a statement warning that Mexican energy policy as outlined in a memorandum from President Andrés Manuel López Obrador to energy sector regulators is damaging to investor confidence at a time when the country desperately needs to jumpstart economic activity. Mexico’s gross domestic product (GDP)…
Feed gas deliveries to U.S. export facilities remain at some of their lowest levels of the year after they fell below 6 Bcf/d early last week as the global gas glut has pushed prices lower and led to more cargo cancellations.
In its latest Short Term Energy Outlook (STEO), the Energy Information Administration (EIA) nudged down is Henry Hub natural gas price forecast for this year and next and predicted that coal-fired power plants will retain their recent gains over gas-fueled facilities. The gas production outlook held steady with last month’s STEO.
Berkshire Hathaway Inc.’s locomotive unit, BNSF Railway Co., is launching a pilot project this year to test whether the blue flame of natural gas in liquid form might deliver a cleaner, more economic sound than diesel in its freight trains.
Crude oil shipments on all U.S. railroads could hit 700,000 b/d by the end of this year, up 40% from current levels, and top 1 million b/d in 18 months, said BNSF Railway Co. CEO Matthew Rose.
Five years from now, Montney Shale gas could have a pathway to the British Columbia (BC) west coast and potentially lucrative Asian gas markets via a C$5 billion pipeline project announced by TransCanada Corp. on Wednesday.