Sentences with phrase «canadian oil producers»

More than that, it is seen as crucial for Canadian oil producers because it will open up the largest refining complex in the world to Canadian crude.

The Gulf spill has focused American minds on pollution from Canadian oil producers.

Canadian oil producers have struggled to find sufficient rail cars to move their barrels since TransCanada Corp.'s Keystone pipeline spilled in South Dakota last year and have turned to securing railway cars to move their barrels, a situation which has exacerbated problems for farmers moving their grain off the prairies.

Canadian oil producers still can use U.S. port facilities to export their oil to other countries, but now they have another major competitor on world markets, the United States.

TransCanada Corp.'s cancellation of the Energy East pipeline leaves Canadian oil producers more dependent than ever on the Keystone XL and Trans Mountain proposals, two projects facing ardent opposition in their own right.

Oil prices have collapsed, and the differential in price between the WTI and Brent, which could have been a way for Canadian oil producers to get a better price on the international markets for their crude, has shrunk to less than US$ 2.

The inventory begins with a $ 286 - billion special fee that Canada's National Energy Board (NEB) approved in 2011, over the objections of Canadian oil producers.

Canadian oil producers were looking to Asian markets to secure high international prices and new consumers for their product.

In order to sidestep this pipeline capacity issue, Canadian oil producers have substantially increased transportation by rail, reaching a near high of 106,704 barrels per day in December 2015.

If the Bank of Canada had kept the exchange rate fixed at - say - 0.85 USD, the prices that Canadian oil producers receive would be about 15 % higher than what they get now.

Two are: the SPDR Energy Select (XLE) for exposure to US oil majors, many with international operations; and the iShares TSX Energy (XEG) for exposure to Canadian oil producers.

Chinese electricity demand is to Australian coal miners, what the American motorist is to Canadian oil producers.

First, Canadian oil producers have lowered their long - term outlook for global oil prices, and have cut their plans for investment spending significantly more than previously announced.

The bottlenecks are frustrating for Canadian oil producers because heavy crude is in great demand from U.S. Gulf of Mexico refineries, which are designed to process it, and have faced shortages of Venezuelan and Mexican heavy crude.

(Reuters)- Canadian oil producer Paramount Resources Ltd (POU.TO) said on Thursday that it would buy the Canadian subsidiary of U.S. oil and gas firm Apache Corp (APA.N) for C$ 459.5 million ($ 353.7 million USD).

A U.S. computer maker and a Japanese brokerage led the quarter's contributors, while a Swiss freight company and a Canadian oil producer were top detractors.

The Canadian oil producer controlled by Hong Kong billionaire Li Ka - Shing would support a tax if it's applied broadly and at least includes the rest of North America, Ghosh said Friday on a conference call to discuss third - quarter earnings results.

Not exact matches

CALGARY, Alberta, May 2 - Alberta will hold talks with rail operators and oil producers aimed at smoothing the path to get more crude moving by rail to market amid a transportation bottleneck in the Western Canadian province, Alberta's energy minister said on Wednesday.

«Increasing the number of transportation options and markets for Canada's oil supply will lead to higher netbacks for all Canadian producers.»

The price gap between North American crude and world prices is a new and unfamiliar dynamic in international oil markets, and represents a «double whammy discount» for Western Canadian producers, as Casey puts it.

It's one of the country's largest oil and gas producers, but, says Cheng, price differentials between Canadian and world oil prices, low natural gas prices, cost inflation and project delays caused investors to get antsy.

Canadian producers had hoped a return to full capacity on the line would help relieve a bottleneck in the oil - rich province of Alberta, where increased output has run up against a shortage of pipeline and rail capacity.

He had been anticipating a drop in oil prices, for example, but rather than play oil producers (which Canadian investors already hold a lot of), he decided to focus on the energy transportation sector.

However, that configuration is ill - suited to an era when the fastest - growing crude oil supply is coming from the middle of the bowl, from U.S. oil producers using new extraction techniques and the Canadian oilsands.

Even if the U.S. starts to charge for every barrel of Canadian bitumen that crosses the border, the fee is so small that oilsand producers, who shoulder a price discount of around $ 60 - a-barrel on headline oil prices, might not even notice.

This Calgary - based small - cap provides fracturing and other well - stimulation services to Canadian oil and gas producers.

Recent studies have shown that if Canadian oil were able to reach the U.S. Gulf Coast and Asia, the impact of higher revenues to Canadian producers over a 15 year period would amount to an additional $ 132 billion in Canadian GDP.

The current $ 2.2 - billion bid by Chinese state - owned Sinopec for Calgary's Daylight Energy marks the first time a Chinese company has attempted a 100 % takeover of a Canadian oil and gas producer.

Analysts at Canaccord Genuity said Monday the project's $ 5.3 - bilion northern leg «is no longer a necessity» for Canadian oil sands producers, thanks to the sudden rise of crude - carrying unit trains and rival pipeline schemes proposed by Enbridge Inc..

For the past two years, OPEC's pump - at - will policies have flooded the market with cheap supply, causing economic pain for producers with higher cash costs, including those involved in fracking, the Canadian oil sands and deepwater drilling.

While there, I had dinner with a couple of Canadian lawyers who represent a few Latin American oil producers, some of them based in Venezuela.

As I wrote in my blog over a year ago, («Oil Price Spread Costing Canadian producers big bucks,» November 10, 2011), oil sands producers have been continually getting short - changed for their oil by refineries in Cushing, Oklahoma, where most of the product from the oil sands floOil Price Spread Costing Canadian producers big bucks,» November 10, 2011), oil sands producers have been continually getting short - changed for their oil by refineries in Cushing, Oklahoma, where most of the product from the oil sands flooil sands producers have been continually getting short - changed for their oil by refineries in Cushing, Oklahoma, where most of the product from the oil sands flooil by refineries in Cushing, Oklahoma, where most of the product from the oil sands flooil sands flows.

The Canadian Association of Petroleum Producers, which negotiated the Clipper toll rates in 2007 on behalf of all oil producers - most of which have not come out in support of Suncor's bid - declinedProducers, which negotiated the Clipper toll rates in 2007 on behalf of all oil producers - most of which have not come out in support of Suncor's bid - declinedproducers - most of which have not come out in support of Suncor's bid - declined comment.

We sourced the oilsands direct jobs figure from The Decade Ahead: Labour Market Outlook to 2022 for Canada's Oil and Gas Industry, a 2013 Petroleum Human Resources Council report that was funded in part by the Government of Canada and The Canadian Association of Petroleum Producers.

«Investors are looking for shorter turnaround on their capital,» says Ben Brunnen, vice-president of oil sands for the Canadian Association of Petroleum Producers (CAPP).

At present, almost all Canadian exports of oil and gas go to the U.S., which is becoming once again a major producer in its own right, and a potential competitor for offshore markets.

We also know in the six months before the election, Christy Clark's staff and ministers met with lobbyists from the Canadian Energy Producers Association, and Kinder Morgan shippers Nexen and Imperial Oil.

In July 2017, the Canadian Association of Petroleum Producers (CAPP) published A competitive policy and regulatory framework for Alberta's upstream oil and natural gas industry.

However, since Canada's population is concentrated in markets that already fetch their oil at higher world prices, even if western Canadian producers were to access better prices for their products, that would be unlikely to have a meaningful effect on gasoline prices or other segments of our economy.

Last month, the Canadian Association of Petroleum Producers organised a field trip for a group of economics professors to see a couple of the oil sands installations.

My University of Alberta colleague Andrew Leach is fond of pointing out that exports of manufactured products from Southwestern Ontario push up the value of the Canadian dollar, making life more difficult for oil sands producers.

Either increased shipping capacity out of the Midwest or alternative markets for Canadian production would increase oil production profits for producers and the royalty and tax inflow for federal and provincial governments.

According to the Canadian Association of Petroleum Producers, a privately managed group, the oil industry in Canada is the largest private - sector investor, with estimated investments of $ 44 billion in 2017.

In June of 2013, the Canadian Association of Petroleum Producers forecasted a doubling of the country's daily crude oil production to

The government and the oil and gas industry have spent lavishly to promote fossil fuel development, but a poll for the Canadian Association of Petroleum Producers found that only 51 % of us think tar sands / oil sands development is worth the environmental risk; 49 % think it isn't.

In June of 2013, the Canadian Association of Petroleum Producers forecasted a doubling of the country's daily crude oil production to 6.7 million barrels by 2030.

Like other exporters, Canadian oil and gas producers have worried about protectionist rhetoric employed by Mr. Trump, and a border adjustment proposal in Congress that could effectively place an import tax on goods entering the U.S. market.

Thursday's fire overshadowed the company's financial results, which were less affected by large discounts for Canadian heavy oil than other domestic producers.

Canadian producers battered by the dramatic oil price drop that began in 2014 will likely be keen to take up space on the new pipeline, if it goes ahead, he said.

Canada is known as a big oil producer on a global level, and anything that happens on the oil market directly reflects on the Canadian economy, and subsequently on the USDCAD currency pair.