Commodity Updates: Oil
Future Options for Alberta's Bitumen ResourcesDETAILS
Published on: March 27, 2020
Crude Oil Commodity Update - April 2020
Bitumen reserves in Alberta are the third-largest oil reserves in the world, after Venezuela and Saudi Arabia. At present, over 90 percent of oil, including bitumen, is converted into combustion products. The market for combustion products is experiencing a period of slow growth, even decline in some regions, due to the changes driven by various factors including climate change concerns, electrification of transportation, and global regulations regarding the use of petroleum-based fuels. Diversifying oil uses and finding new/expanded markets for non-combustion products from bitumen are attractive strategies that work well whether the demand for combustibles goes up or down. In general, three main categories of non-combustion products from bitumen are producible through different process technologies, which include organic (e.g., asphalt, polymers and carbon fibre), inorganic (e.g., metals and minerals), and combinations. This article reviews carbon fibre and its combination products.
Global Oil and Gas Investment OutlookDETAILS
Published on: January 07, 2020
Crude Oil Market Update - January 2020
Global demand growth for oil and gas remains robust, although the pace of growth is slowing. According to the International Energy Agency (IEA), global liquids (crude oil and condensate) demand for 2019 and 2020 is expected to grow by 1 million barrels per day (MMbpd) and 1.2 MMbpd, respectively. Global gas demand also remains strong this year. Future demand growth is poised to be more measured, supported by economic expansion in emerging markets – especially in Asia – and sustained policy support in China to tackle air pollution. The US-China trade tension risks and bearish global economic growth contribute to a conservative outlook for 2020. This article discusses oil and gas capital investment needed to sustain the global energy demand growth with a focus on Canadian oil and gas investment and emerging challenges for oil and gas companies to address the risks and uncertainties.
Digital Oil and GasDETAILS
Published on: October 03, 2019
Crude Oil Report - March 2019
The subject of digital transformation tops the agenda of companies globally. It has and will continue to have such a profound impact that corporate strategists start to ponder about the place of digital strategy in the corporate world. Is it in the same pool with financial, operations, HR, supply chain, marketing strategies? Or, is it more important than those? Some would place digital strategy as high as a business or corporate strategy. What’s certain is that Information Technology (IT) strategy is no longer “enough”.
Western Canadian Market AccessDETAILS
Published on: November 08, 2018
Crude Oil Report - October 2018
Without new pipeline capacity, producers in Western Canada continue to flood already saturated markets and/or deliver crude oil to new markets using higher cost options such as rail thereby leading the supplier to further discounted netbacks. The discount on heavy Western Canada Select crude, a blend of conventional heavy oil and bitumen from the oil sands, widened to US$36 below the North American benchmark WTI oil price. This article details the ongoing market access issues in Western Canada.October 2018