In the weeks following the cap, Russia sold its crude oil for about US$74 per barrel on average The ultimate impact of the western price cap on Russian crude export earnings remains an interesting point of discussion. Opinion is divided. After some bickering, on Dec. 5 of last year the European Union (EU) finally agreed…
Perry Kinkaide is joined by Bill Whitelaw, Managing Director, Strategy & Sustainability at geoLOGIC Systems Ltd. & JWN Energy. The interview was triggered by Ottawa’s announced “Just transition,” Bill’s Troy Media commentary If we don’t get energy transition right, we’re screwed, and Alberta’s reaction concerning the implications on jobs in the energy sector. Troy Media…
Where are the wind players, the solar players, the geothermal players, the First Nation communities, the young professionals? So close. Yet so far away. That’s the paradox in Alberta premier Danielle Smith’s latest advisory pronouncement, via which five oilpatch veterans are charged with a weighty task: mapping Alberta’s energy future. Whew. That’s a big ask,…
Set to average a record 101.9 million barrels per day, up by two million bpd from 2022 Chinese crude consumption is under the spotlight. Markets are again looking towards Beijing, the world’s top crude importer, for direction. With COVID-19 restrictions gone, China is on the move – defining the global energy dynamics. Pushed up by…
The Liability Management Incentive Program is both bad politics and bad policy Psssst. Ms. Premier... Quick question: have you lost your ever-loving mind? I had always figured you to be more astute than the average bear, but yeesh, this one ought to have you rethinking your internal advisory team and how you act on their…
Saudi Arabia is feeling the pressure, but the prospect of a ‘crude’ divorce between Moscow and Riyadh seems premature The Saudi-Russian relationship, which has played a key role in managing crude markets in recent years, occurred despite overt pressure from Washington on Saudi Arabia and its partners within the Organization of Petroleum Exporting Countries, OPEC.…
India’s total energy demand to grow by 70 per cent by 2040. Is Canada ready to take advantage of the opportunity? India’s GDP is expected to more than double over the next decade, reaching $7.5 trillion in 2031 compared to $3.5 trillion in 2022, according to a forecast by Morgan Stanley, with analysts predicting it…
Blending hydrogen with natural gas could reduce carbon emissions without changing existing infrastructure Burning a blend of hydrogen and natural gas to heat our homes could save as much as five per cent on carbon emissions without changing existing infrastructure, says a University of Alberta expert in hydrogen energy. The blended fuel, called hythane, could…
ESG is not new. It’s easy to find drivers of ESG values and principles that date back hundreds of years By now, pretty much everyone who ought to be familiar with ESG fundamentals has at least basic literacy around the notion of how corporate environmental, social and governance behaviours should be recognized, rated, and rewarded.…
India is shipping 89,000 barrels of gasoline and diesel to the U.S. daily The European Union finally agreed last week on a price cap of US$100 per barrel on Russian products that trade at a premium to crude, principally diesel, and US$45 per barrel for products that trade at a discount, such as fuel oil…