Market Updates: Oil

The Resurgence of Interest in the Duvernay: A Review of Pertinent Economic and Environmental Issues


Published on: August 02, 2018

Crude Oil Report - July 2018

A rebound in the price of oil and emerging markets in Asia are breathing life back into hydrocarbon exploration and development in Alberta. Particularly, there is a resurgence of interest in the Duvernay play in westcentral Alberta. BMO labelled the Duvernay the “hottest new play,” as their analysis reveals that more than half of the money – around $250 million – spent on land acquisition in Alberta was directed towards Duvernay in 2017 (Morgan, 2017).  Download full report. 

July 2018

Policy Debates and Business Timeline


Published on: April 12, 2018

Crude Oil Report - April 2018

Concerns regarding the balance of economic and environmental objectives continue to be part of the policy debate in Canada. We see concerns raised by Indigenous Peoples concerning the Site C hydroelectric facility in BC and similarly with the Muskrat Falls project in Labrador. We have seen the delay or cancellation of natural gas electricity generation projects in Ontario due to concerns from local citizens, and we have seen delays and regulatory changes associated with oil and natural gas pipelines across the country..... Download full report.

April 2018

Oil Market - 2017 Year in Review


Published on: January 25, 2018

Crude Oil Report - December 2017

It has been a turbulent year with natural disasters, geopolitical tensions, and deep political divisions occurring in many countries. Concerning economic growth, however, 2017 ended positively, with gross domestic product (GDP) continuing to accelerate around much of the world in the widest cyclical upswing since the start of the decade. According to the International Monetary Fund (IMF), growth accelerated in the majority of countries. Of more importance, some of the countries that had high unemployment (for example, several in the eurozone, are participating in the growth surge and experiencing strong employment growth. Some of the larger emerging market economies, such as Argentina, Brazil, and Russia, exited their recessions. Still, in per capita terms, growth in almost half of emerging markets and developing economies – particularly the smaller ones – lagged behind advanced economies, and almost a quarter have seen declines. Countries that struggled include fuel exporters and low-income economies suffering from civil strife or natural disasters..... Download full report.

December 2017

The Eastern Refinery Market: Canadian and Imported Oil Supply and Transportation Options


Published on: October 11, 2017

Crude Oil Report - September 2017

Canada is the fifth largest oil producer in the world, accounting for 4.8 percent of world production in 2016, ranking behind the United States (13.4%), Saudi Arabia (13.4%), Russia (12.2%) and Iran (5.0%). Canada’s proved reserves, totaling 171.5 billion barrels or 10 percent of the world’s share of proved reserves, are behind only Venezuela (300.9 billion barrels) and Saudi Arabia (266.6 billion barrels)..... Download full report.

September 2017

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