12:43:23 EDT Tue 21 May 2019
Enter Symbol
or Name

Login ID:
Oil Summary
Symbol C : *MKTOIL
Recent Sedar Documents

Energy Summary for March 4, 2019

2019-03-04 20:30 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

West Texas Intermediate crude for April delivery added 79 cents to $56.59 on the New York Merc, while Brent for May added 60 cents to $65.67 (all figures in this para U.S.). Western Canadian Select traded at a discount of $10.36 to WTI, up from a discount of $11.75. Natural gas for April was unchanged at $2.86. The TSX energy index lost 2.75 points to close at 156.12.

The oil patch had a miserable day in the wake of the news that Enbridge's Line 3 replacement, which is being counted on to ease the persistent bottleneck in Canadian oil by increasing overall pipeline capacity by about 370,000 barrels a day, will not be operational until almost a year later than forecast. Enbridge made the disappointing announcement well into the evening hours last Friday. It blamed a delay in acquiring the necessary environmental permits from the State of Minnesota. These permits are now expected in November of this year rather than the second quarter of this year, and as a result, the line's in-service date has been pushed to the second half of 2020 rather than late 2019.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2019 Canjex Publishing Ltd. All rights reserved.

Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.