Economics ///

Oil short-selling surges as global demand outlook deteriorates

Oil skeptics are gaining ground fast as the outlook for global demand worsens. Hedge funds boosted their bets that West Texas Intermediate crude will fall by 46%, the most since August.

Canadian industry and indigenous groups support original amendments to Bill C-69

On Monday, June 17, members of the Save Canadian Jobs Coalition will hold a joint press conference to call on Members of Parliament to support the Senate’s original amendments to Bill C-69.

Pompeo vows that U.S. will protect shipping in Persian Gulf

There’s “no doubt” Iran was responsible for attacks on two oil tankers leaving the Persian Gulf last week, and the U.S. will guarantee safe commercial navigation going forward with its partners, Secretary of State Michael Pompeo said.

U.S. blames Iran for oil tanker attacks as Gulf tensions climb

The Trump administration blamed Iran for attacks on two oil tankers near the entrance to the Persian Gulf, escalating tensions between the two rivals despite denials from officials in Tehran that they were behind the incidents.

Trump's shot at Russian pipeline shows fight for market share

President Donald Trump’s threat to sanction Russia’s controversial new natural gas pipeline into Europe is an indication that competition to supply the fuel is heating up.

OPEC warns that trade tensions are hurting global oil demand

OPEC said that international trade tensions are hurting demand for oil, slashing its estimates for consumption earlier in the year and predicting further challenges ahead.

Alberta’s Kenney offers Canadian industry optimism

Speaking to the 51st annual Global Petroleum Show in Calgary on Tuesday, Alberta Premier Jason Kenney tried to paint a picture of a brighter future for a Canadian E&P industry weary after several years of depressed activity.

TPG Sixth Street, Glendale Energy partner to fund acquisitions of non-operated oil and gas properties

TPG Sixth Street and Glendale Energy announced a new oil and gas investment partnership with an initial $500 million in capital commitments.

Trade deal could propel U.S. to top of China's LNG supplier list

Here’s another reason for Presidents Donald Trump and Xi Jinping to seal a swift trade deal: it could put the U.S. on track to become China’s biggest supplier of liquefied natural gas, according to Morgan Stanley.

Oil demand signals are flashing red as price dives toward $50

Oil demand is shriveling as the trade war between the U.S. and China trips up the global economy.

Natural gas price plunge signals greener start for 2019 in U.S. and EU

Tumbling natural gas prices have set the power generation industries in the U.S. and Europe off to a greener start this year.

Creating the right jobs will ensure Vision 2035 succeeds

Interview with Deirdre Michie, Chief Executive, OGUK

SPE Offshore Europe-2019 conference chairman sees exciting future ahead for UKCS

Interview with OE 2019 Chairman Michael Borrell, Senior V.P., North Sea and Russia, Total

UKCS shows signs of upside potential

The business and operational improvements implemented during the downturn have positioned the UKCS as a much more attractive basin for E&P companies.

SPE Offshore Europe 2019: Breakthrough to Excellence – Our license to operate

Recognized by professionals in the upstream industry’s offshore sector as Europe’s leading E&P event, the SPE Offshore Europe (OE) Conference & Exhibition is gearing up for another year in Aberdeen, Scotland.

SPE Offshore Europe 2019 awaits you!

The SPE Offshore Europe 2019 conference and exhibition is fast approaching.

Russia may be testing U.S. gas nerve with Europe push, Citi says

Russia’s strong natural gas shipments to Europe may be an attempt to test the resilience of U.S. exporters, according to Citigroup Inc.

Oil woes have Calgary landlords turning empty offices into apartments

When the lease on an Alberta Health Services office in Calgary came due for renegotiation two years ago, the rental market was so bad that trying to keep the tenants wasn’t worth it.

Alberta’s oil supply cuts find a sweet spot

Alberta may have finally found the right level for its oil curtailment program that has sent local oil prices on a roller coaster for the last few months.

First oil

Kurt Abraham, World Oil

U.S. EIA sees continued woes for Venezuelan oil output