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OPEC Secretary General Mohammad Barkindo had painted a more upbeat picture this week, saying growth in rival U.S. production would slow in 2020, although a report by the group had also said demand for OPEC oil was expected to dip. “Will they maintain cuts or go deeper? If OPEC doesn’t budge, we’ll see a significant stock build in the first half,” said Harry Tchilinguirian, global head of markets strategy at BNP Paribas.
“Essentially we’ve had a range bound market for the last nine sessions due to the lack of clarity on these two key issues,” Tchilinguirian said.
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World's thirst for oil to keep growing until 2030sAn important global energy forecast says the world's thirst for oil will continue to grow until the 2030s and climate-damaging emissions will keep climbing until at least 2040. Based on global population growth I think it will be a lot longer than that. Some areas of usage may decline but over the long term O$G is still going to be needed. Thus the reason oil companies are unloading assets for past decade including the KM pipeline to CanadianPM An article yesterday said demand will be increasing for fourty years or so.
Source: CTVNews - 🏆 1. / 99 Read more »
A U.S.-China trade deal would help lift ‘dark cloud’ over oil, OPEC saysOPEC and its allies meet on Dec. 5-6 to discuss output policy and production curbs of 1.2 million barrels per day
Source: globeandmail - 🏆 5. / 92 Read more »
Shell reassures oilpatch it’s staying put in Canada as other oil majors fleeShell reassures oilpatch it's staying put in Canada as other oil majors flee It's cause they're not investing new capital into it, haven't for yrs. Once their profits shrink or they have to spend money here they will either sell, close down or leave. I think you forgot about this one two years ago.... They are already largely done with Canada. Invest little here compared to years past. Shell, CNRL agree to $7.25 billion sale of Canadian oil sands assets cdnpoli ableg And as it sells it's contaminated properties off to companies without the means to reclaim them. So yes jkenney, give them millions in tax giveaways and by all means add a royalty holiday!
Source: nationalpost - 🏆 10. / 80 Read more »
Brent Burns, Evander Kane help San Jose Sharks beat Anaheim Ducks for fifth straight win - TSN.caBrent Burns scored on the power play and Evander Kane had a short-handed goal in the third period, helping the San Jose Sharks beat the Anaheim Ducks 5-3 Thursday night for their fifth straight win.
Source: TSN_Sports - 🏆 80. / 51 Read more »
Would Blanchet go to Alberta to talk oil? 'With pleasure'Bloc Quebecois Leader Yves-Francois Blanchet says he would visit Alberta 'with pleasure' to discuss issues like oil and Bill 21. Thanks quebecers it seems you guys never have a politician that represents the majority on more then one issue You’re not welcome you POS, and for that matter any eastern hypocrites who use petroleum products non stop but turn their back on Canada Don't expect to leave with another cheque!
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Schools closed in New Delhi as air quality dips furtherSchools in India's capital are shut Thursday and Friday after a thick gray haze of noxious air enveloped the city for the third consecutive day, and angry residents blamed authorities for allowing an annual children's run. Is there carbon tax not working ?
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