13:01:42 EDT Tue 21 May 2019
Enter Symbol
or Name

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

Energy Summary for March 6, 2019

2019-03-06 20:21 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 lost 34 cents to $56.22 on the New York Merc, while Brent for May added 13 cents to $65.99 (all figures in this para U.S.). Western Canadian Select traded at a discount of $10.84 to WTI, down from a discount of $10.69. Natural gas for April lost four cents to $2.84. The TSX energy index lost 2.04 points to close at 154.51.

Canada's crude oil production will drop this year for the first time in a decade, according to new research from the National Energy Board (NEB). The energy regulator has published fresh figures in in its "Estimated Production of Canadian Crude Oil and Equivalent" on-line dataset. According to the NEB's forecasts, Canadian oil production is expected to average 4.51 million barrels a day in 2019, down from 4.58 million barrels a day in 2018. Output had previously been rising every year since 2010, when it averaged 2.83 million barrels a day. The NEB does not include reasons for its forecasts in the dataset. Presumably, the expected year-over-year drop in 2019 reflects the Alberta government's recently mandated production cuts, as well as the continuing investment uncertainty that has prompted many energy producers to cancel or defer planned projects, particularly in the oil sands.

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.