All eyes remain on Texas and the state’s energy grid operator in the aftermath of a devastating winter storm, oil prices responded positively to the U.S. House passing a new COVID-19 relief bill, and Canadian crude-by-rail exports are rebounding after a rough 2020. … READ MORE >
oil prices
3 things to know this week in energy: Canada consolidation, oil prices, and tech invests in renewables
Major tech investment in renewable energy continues, freezing weather lifts oil prices up, and Canada’s energy market sees another major consolidation announcement. Biweekly, we highlight three things going on in the energy industry that we think you should know about. Here’s the latest. … READ MORE >
CHART OF THE DAY: OPEC’s response to a drop in demand
The demand for gasoline dropped like a stone as Americans remained in their homes during the pandemic, and that drop in demand left OPEC in a quandary. … READ MORE >
CHART OF THE DAY: As demand for oil sags, price and production tumble
For the third time in 20 years, the bottom has fallen out of oil prices, which will most likely have enormous implications for the economies of the U.S., Canada and Mexico, and have enormous potential geopolitical ramifications. … READ MORE >
Oil prices show unprecedented volatility in 2020, and a path to recovery remains uncertain
The unprecedented imbalance the oil market has experienced for much of 2020 has garnered extraordinary responses from both oil producers and policymakers. Oil and gas companies have been forced to reposition themselves during the downturn in order to prepare for a comeback. … READ MORE >