Demand for crude oil slowing

But output continues to increase

Demand for crude oil slowingRIYADH, Saudi Arabia, Apr 22, 2014/ Troy Media/ - Demand growth for crude oil will average 1.29 million barrels per day (bpd) in 2014, 60,000 bpd lower than its previous forecast, according to the International Energy Agency’s (IEA’s) latest Oil Market Report. Demand growth in China is also slowing. "A slowdown in Chinese oil demand…

Creative destruction in the global energy industry

The world is moving away for carbon-based fuels and that’s bad news for the oil sands

Creative destruction in the global energy industryEDMONTON, AB, Apr 17, 2014/ Troy Media/ - Venezuela’s oil production has fallen every year since 2000, Libya’s production is at its lowest point since 2011, militants in Iraq continue to choke off its oil exports, and geopolitical concerns in Europe have lowered estimates for future Russian oil growth. But despite all this, international support…

The US/Saudi plan to bring Putin to his knees

In a redux of a strategy implemented by Reagan, Washington and Riyadh may be planning to flood markets with oil

The US/Saudi plan to bring Putin to his kneesRIYADH, Saudi Arabia, Apr 11, 2014/ Troy Media/ -Is Washington conniving with Riyadh – once again – to floor oil markets and bring Vladimir Putin to his knees? Could the U.S. (in coordination with Saudi Arabia) unleash a flood of oil that would drive down prices and punish Russia for flexing its political muscle? Way…

Mexico tentatively taking steps to denationalize energy sector

But there are fears the move could reduce income currently directed toward education, healthcare and the anti-poverty programs

Mexico tentatively taking steps to denationalize energy sectorRIYADH, Saudi Arabia, Mar 31, 2014/ Troy Media/ - In an attempt to revamp its energy sector, NAFTA-partner Mexico is opening it up to global oil majors and private entrepreneurs. Mexico is the world's 10th largest crude producer. It exported around 850,000 bpd of crude to the U.S in 2013. It has 26 billion barrels…

Oil prices set to fall

Fundamentals continue to point to a softening market

Oil prices set to fallRIYADH, Saudi Arabia, Mar 24, 2014/ Troy Media/ - Softening of crude markets could be just round the corner, courtesy of growing conventional and unconventional output and the stabilization of global consumption growth. The question is not if – but when? On the global economic horizon, while China has been the constant, indeed sole, star…

Canada’s LNG export industry could benefit from the “Ukrainian Crisis”

The US could start moving more gas to Europe, opening the door for Canada to sell to Asia

Canada’s LNG export industry could benefit from the “Ukrainian Crisis”EDMONTON, AB, Mar 10, 2014/ Troy Media/ - The "Ukrainian Crisis" could be a game changer for the Canadian and global energy industry. While the direct impact on Canada from the crisis is negligible, the fallout could be immense. The crisis has affected Ukraine's nascent natural gas industry as well as the pipelines used to…

Canada’s economy = one egg, one basket

Unelected environmental extremists and ill-informed celebrities are hijacking the political process

Canada’s economy = one egg, one basketVANCOUVER, BC, Jan 28, 2014/ Troy Media/ - The old adage about not putting all your eggs in one basket provides a very easily understood image about risk diversification. One writer, who was obviously not fond of diversification, amended the adage to say that it is okay to have all your eggs in one basket,…

Shale shaking up oil markets

US will become the world’s largest producer by 2016

Shale shaking up oil marketsRIYADH, Saudi Arabia, Jan 26, 2014/ Troy Media/ - A flurry of visits by global energy leaders to Riyadh last week once again brought into sharp focus the implications of the growing global output in shale oil and its impact on geopolitics and economics. First up was U.S. Energy Secretary Ernest Moniz, who came to…

Crude glut on horizon

Crude oil the most richly-priced commodity in the world, according to Deutsche Bank

Crude glut on horizonJEDDAH, Saudi Arabia, Jan 19, 2014/ Troy Media/ - The possibility of a crude price slide is growing with each passing month. The U.S, Energy Information Administration (EIA) estimates that, in the second half of the decade, U.S. crude oil production is likely to be close to its 1970 peak. By next year, the EIA…

Neil Young was right to speak out

He was right to speak out on poverty, apartheid and the Iraq War, and he is right to speak out on the oil sands

Neil Young was right to speak outTORONTO, ON, Jan 18, 2014/ Troy Media/ - Some said Neil Young should stick to music after he spoke out against the Oil Sands. But in a country where the Prime Minister plays piano and sings the Beatles for political effect, Neil Young has a right to be heard. He is a great Canadian musician…