WorldOil Canadian oil price collapses at U.S. hub as refiners shun heavy crude Canadian heavy crude’s price collapsed at the U.S. trading hub of Cushing as refiners shun heavy and higher-sulfur crude for lighter grades that are less expensive to process in refineries. Canadian oil exports to U.S. jump with new pipeline startup Canadian oil shipments to the U.S. jumped to the highest volume since the start of the year thanks in part to the startup of a long-delayed Canadian pipeline. Mid-Year Forecast: Canadian operators remain wary of potential risks Although there are some hopeful signs that a recovery may be on the way for Canada’s oil patch, the ongoing global pandemic, misguided politicians, and skittish markets have left producers wary and risk-averse. Alberta’s premier takes action after lawmakers’ holiday travels In a statement posted on Twitter, Jason Kenney announced that one cabinet minister, Tracy Allard, along with his chief staff will be stepping down from their posts after revelations the two traveled abroad in recent weeks. Ritchie Bros. sells CA$82+ million of equipment in record-breaking Grande Prairie auction Last week Ritchie Bros. conducted its largest Grande Prairie, AB auction ever, selling 4,900+ equipment items for CA$82+ million (US$63+ million)—surpassing the previous gross transaction value (GTV) record by 32 percent. Rail trouble strikes Canada’s oil patch with disrupted shipments Canadian oil shipments are getting snarled once again as protesters block train lines in the latest setback to the nation’s rail-dependent crude industry that was struck by a blazing derailment just last week. New UL Edmonton customer service center and laboratory accelerates manufacturing and supply chain safety The facility addresses full-service safety and environmental solutions for the oil and gas industry and equipment installed in potentially explosive atmospheres with an expanded footprint marking UL's 99-year presence in Canada. SPE pursues dynamic agenda at this year’s ATCE in Calgary ATCE is kicking off this morning with a particularly dynamic session, entitled, “Positively Impacting the World Through Responsible Energy Development.” Moderated by Ms. Eithne Treanor, the session consists of a panel comprising four executives in the oil and gas industry.