MAKE A DONATION

MARKET UPDATES: OIL

Market Updates: Oil

The Eastern Refinery Market: Canadian and Imported Oil Supply and Transportation Options

DETAILS

Published on: October 11, 2017

Crude Oil Report - September 2017

Canada is the fifth largest oil producer in the world, accounting for 4.8 percent of world production in 2016, ranking behind the United States (13.4%), Saudi Arabia (13.4%), Russia (12.2%) and Iran (5.0%). Canada’s proved reserves, totaling 171.5 billion barrels or 10 percent of the world’s share of proved reserves, are behind only Venezuela (300.9 billion barrels) and Saudi Arabia (266.6 billion barrels)..... Download full report.

September 2017

The Eastern Refinery Market: Canadian and Imported Oil Supply and Transportation Options

DETAILS

Published on: October 11, 2017

Crude Oil Report - September 2017

Canada is the fifth largest oil producer in the world, accounting for 4.8 percent of world production in 2016, ranking behind the United States (13.4%), Saudi Arabia (13.4%), Russia (12.2%) and Iran (5.0%). Canada’s proved reserves, totaling 171.5 billion barrels or 10 percent of the world’s share of proved reserves, are behind only Venezuela (300.9 billion barrels) and Saudi Arabia (266.6 billion barrels)..... Download full report.

September 2017

Is OPEC Losing It's Mojo?

DETAILS

Published on: September 28, 2017

Crude Oil Report - August 2017

On November 30, 2016, in Vienna, OPEC and other oil producers led by Russia (NOPEC_R9+) reached an agreement to cut production totaling 1.81 million barrels per day (MMbpd) (1.2 MMbpd for OPEC and 0.6 MMbpd for NOPEC_R9+) for the first half of 2017. This was the first production cut in almost a decade, and the deal made among agreed producers was unforeseen to say the least, as up to that point, Saudi Arabia and other OPEC members were defending their global market share and pump-at-will strategy, which was only setting the oil price lower as more oil came onto an already oversupplied market. The WTI price rose by more than 9% in November following the deal announcement. A few months later, during the 172nd OPEC Ministerial Conference on May 25, the November agreement was extended for nine more months, pushing WTI higher, but only at 2% .... Download full report.

August 2017

One Past, Many Futures: The Outlook for Oil According to BP, Statoil, IEA, EIA, CAPP

DETAILS

Published on: July 25, 2017

Crude Oil Report - June 2017

For countries that are large crude exporters, like Canada, where oil price movement affects public and private decisions, people and company’s economic behaviors, it is an important matter. When WTI started to slide downward in 2014, oil E&P companies’ shares followed similar trajectory, their undeveloped assets’ values were revised, and the overall labour force in the oil business had shrunk. CAPP estimated 44,0001 jobs had been lost since the downturn began..... Download full report.

June 2017

Previous Releases

2017

2016

2015

2014

2013

2012

2011

2010