Last edited by Sabei
Saturday, August 1, 2020 | History

1 edition of The price and income sensitivity of Canada"s potential frontier crude oil resources found in the catalog.

The price and income sensitivity of Canada"s potential frontier crude oil resources

by Dennis J. McConaghy

  • 127 Want to read
  • 3 Currently reading

Published .
Written in English

    Subjects:
  • Prices,
  • Petroleum industry and trade,
  • Petroleum products

  • Edition Notes

    Statementby Dennis J. McConaghy
    ContributionsUniversity of Alberta. Dept. of Chemical Engineering
    Classifications
    LC ClassificationsHD9574.C22 M39 1975
    The Physical Object
    Paginationxi, 128 leaves
    Number of Pages128
    ID Numbers
    Open LibraryOL27312252M
    OCLC/WorldCa62498782

    A glut of oil in Canada is easing, thanks to higher demand for dense crude from U.S. Gulf Coast refineries and government-imposed production cuts that have offset a shortage of pipeline capacity.   Crude oil production per day in Canada by region Crude oil and condensate sales value in Canada Leading Canadian oil fields by cumulative production until

    Seasonality plays a key role in influencing crude oil prices. Crude oil prices tend to rise in August due to the summer driving season, which results in a rise in gasoline demand.   I analyzed 54 upstream oil & gas companies on based on several operational, financial and risk factors. I added a bonus analysis to review price sensitivity to the underlying commodity.

    Crude oil The oil service, led by Amrita Sen, covers global crude oil markets. Clients ranging from trading houses and major producers to hedge funds and government ministries rely on our analysis to understand the complexities of world oil markets.   Even worse, Canada's heavy oil trades at a discount to WTI, which makes it all the more painful when oil prices are low. The discount is nearly $12 per barrel below WTI right now. The discount is.


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The price and income sensitivity of Canada"s potential frontier crude oil resources by Dennis J. McConaghy Download PDF EPUB FB2

The price and income sensitivity of Canada's potential frontier crude oil resources; View. Download. Communities and Collections Graduate Studies and Research, Faculty of / Theses and Dissertations; Usage 44 views; 33 downloads; The price and income sensitivity of Canada's potential frontier crude oil resources Author: Dennis J.

McConaghy. The crude oil price devaluation, and the subsequent depreciation of the country's currency, was a good illustration of how crude oil pricing can influence Canada's economy on a national level.

Any opinions, news, research, analyses, prices, other information, or links to third-party sites are provided as general market commentary and do not. The 5 largest companies (Suncor, Canadian Natural Resources Limited, Imperial Oil, Husky and Cenovus) are responsible for over half of crude oil production in Canada.

Crude oil is produced across the country from coast to coast to coast. InAlberta had the highest amount of crude oil production in Canada. Editor’s note: This story was originally published by Canada’s National Observer.

It appears here as part of the Climate Desk collaboration. In the face of an economic crisis triggered by the global spread of COVID and worsened by the Saudi Arabia-Russia price war, the outlook for new projects in Alberta’s oil patch – even those already approved – is bleak.

With billion barrels of proven crude oil reserves, the importance of Canada in global supply will continue to grow. Yes, the country's goal is to reach fast-growing Asia, but exports to. Moving crude by rail is expensive.

A recent paper studying rail versus pipeline costs in North Dakota shows that rail costs averaged around $5/bbl to ship crude 1, miles. Someone has to pay for these costs. Crude oil is a global commodity – refiners can acquire crude oil from a large number of sources.

We address some of the key questions that arise in forecasting the price of crude oil. What do applied forecasters need to know about the choice of sample period and about the tradeoffs between alternative oil price series and model specifications.

President Trump's decision to pull out of the Iran nuclear deal could rattle the oil market, but there's a lot more to it than just that.

Crude prices are influenced by three major factors: supply. These are among the top factors that affect crude oil prices, however, depending on a specific event, or recent development in government relations between certain countries, the prices. Chemicals & Resources Western Canadian Select (WCS) crude oil monthly price Show all statistics (6) Drilling Oil wells completed in Canada   Canadian crude prices are at their lowest levels against Brent-priced crude in 10 months, reaching a new market low on Friday and trading.

Understanding Crude Oil Prices. At an elementary level, the supply of crude oil is determined by the ability of oil companies to extract reserves from.

The oil and gas industry has enjoyed a stable year with the benchmark Brent crude oil price averaging at US$ a barrel in — lower than US$71 in but higher than US$54 in and US$44 in Brent is expected to trade above the US$60 (RM) level this year with further activity across the value chain.

ProShares Announces Changes to ETF Lineup. BETHESDA, MD – Ma – ProShare Advisors and ProShare Capital Management announced today plans to liquidate and close six ProShares Trust ETFs and two ProShares Trust II ETFs, respectively, based. Western Canada Select sells at a discount because it is the worst crude to bring to market: Tar Sands Crude takes massive quantities of natural.

To be sure, crude oil prices had been on a gradual upswing since early when the first green shoots of global recovery emerged. Prices began to rise more strongly in the final quarter of on the back of renewed optimism about global economic prospects, particularly in the United States, and strong demand from emerging-market economies.

Non-consecutive episodes of six-months, in each year, for which the unweighted average of WTI, Dubai, and Brent oil prices dropped by more than 30 percent.

Includes unweighted average of WTI, Brent, and Dubai oil prices, 21 agricultural goods, and 7 metal and mineral commodities. Latest data of oil prices is for January 4. The purpose of this report is to present economic impacts on the Canadian economy stemming from two short-term scenarios, spanning 7 years: a Reference Case, where the oil prices are forecasted to grow from current levels to almost $ per barrel (in dollars) and a Low Case, where oil prices reach only $ per barrel by   Yet despite the global recovery in energy prices, Canadian oil prices (WCS) went in the opposite direction, dropping to US$ In other words, the average price difference between Canadian oil (WCS) and U.S.

oil (WTI) in October was about US$43 per barrel, which represents a staggering discount of 61 per cent (of the U.S. crude price). However, when factoring the cost of transportation, Mayan crude is actually US$2/bbl cheaper than WCS.

That US$11 difference reflects the much higher cost of transportation for Canadian crude. When looking at a basket price by country, Canada isn't actually the cheapest.

At least not anymore. The Canadian crude oil industry has declared a national emergency after prices plunged to record lows. The American benchmark price for oil is now well below $60 a barrel, having dropped $20 in.Canada Crude Oil Prices & Charts. OilMonster offers 3 Crude Oil blends from the Canada.

We provide daily updated prices as well as historical charts and prices. Canada Crude Oil Price. COMMODITY: PRICE: CHANGE: DATE: Bow River: + 06 Dec Light Sour Blend: + 06 Dec Western Canadian Select.Bottlenecks into the U.S.

market are still exacerbating the price gap between Canadian oil and West Texas Intermediate, even as strong global demand is expected to elevate overall crude prices in.