WCS Discount Dips as US Demand for Alberta Crude Oil Increases

WCS Discount Dips as US Demand for Alberta Crude Oil Increases

The oil space has been on a rollercoaster ride since 2015 began, but it seems it may be making a comeback. According to Scotiabank's Patricia Mohr, with WTI at around US$59 to $60, the WCS heavy oil price should be US$52 in July.

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Videos

Keith Schaefer: Expect Oil M&A Activity in Q3, Q4 2015

Keith Schaefer spoke to Resource Investing News at VRIC about a variety of topics, including the ongoing glut in the oil market and what he thinks the future holds for major and junior oil companies. He also touches on LNG in British Columbia.

Justin Smith of Western Canadian Properties Group Talks Natural Gas in BC

Gas Investing News recently had the chance to speak with Justin Smith, Investment Advisor at Western Canadian Properties Group, about natural gas projects in British Columbia. Contrary to suggestions that BC's LNG dreams could have been smashed by Russia's recent $400 billion deal with China, Smith says that "the demand [in China] is growing at a pace where you're going to need a number of these deals to satiate those demands."

Company News

Enbridge to pay $4 million over Kalamazoo oil spill

Mining.com reported that Enbridge (TSX:ENB) will pay about US$4 million for the completion of natural resource restoration projects as part of a settlement by the U.S Department of Justice over the 2010 Kalamazoo oil spill in Michigan.

Simba Energy Signs Agreement with Essel Group to Invest in its African Oil and Gas Projects

Simba Energy Inc. (TSXV:SMB) announced that it has entered an agreement with Essel Group Middle East, a subsidiary of Essel Group India that will see Essel Group earn 60 percent participating interest in Simba's production share contracts in Kenya, Chad and Guinea. As part of the agreement Simba will be carried on all future exploration costs.

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Company Videos

Bayhorse Silver CEO Talks about Light Oil in Saskatchewan

Bayhorse Silver Inc. (TSXV:BHS) President & CEO Graeme O’Neill spoke to Resource Investing News at the Vancouver Resource Investment Conference 2015 about the Little Swan light oil prospect in Saskatchewan.

Market News

Alberta NDP Plans to Increase Carbon Fees

The Globe and Mail reported that the Alberta NDP plans to increase carbon fees and toughen its climate strategy, adding further pressure to an already struggling industry.

Infographic: The World’s 10 Biggest Oil and Gas Companies

The latest inforgraphic from Visual Capitalist not only ranks oil producers based on factors such as barrel production per day, but it also compares data from a decade ago with today’s information for better perspective.

Oil Prices Gets a Boost Ahead of US Inventory Data

The Wall Street Journal reported that the oil price rose on Wednesday as the upcoming weekly US inventory data is expected to reflect a strong refiner demand for oil and consumer demand for gasoline.

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