Opportunity Crudes

OPPORTUNITY CRUDES
Canadian crude takeaway updates: Line 5 and Keystone XL
In the week ending June 19, after a shifted screw was discovered, Canadian pipeline operator Enbridge shut down the line, which carries both crude and NGL from Western Canada to the Eastern Canada and various hubs in the US.
July 09, 2020
OPPORTUNITY CRUDES
Venezuelan oil output, exports remain in freefall.
A fresh round of US sanctions on shipping companies and vessels involved in moving Venezuelan oil and has further tramped down oil output and exports from the South American nation.
June 30, 2020
OPPORTUNITY CRUDES
US imports more heavy oil from Latin America.
From Jan. to May, heavy crude imports to the US Gulf Coast (USGC) from Brazil, Colombia, Ecuador, Guyana, and Mexico totaled 148.0MM bbl
June 23, 2020
OPPORTUNITY CRUDES
TMX reaches "key milestone"as Enbridge issues new filing over Line 3.
On June 1 2020, it was announced that construction of a 7-km (0.62-mile) section in Kamloops, British Columbia has begun.
June 16, 2020
OPPORTUNITY CRUDES
Venezuelan output on the decline as stocks build.
Crude production from the South American nation is on the decline as stocks in the country are building due to US sanctions limiting oil exports.
June 09, 2020
OPPORTUNITY CRUDES
Alberta suspending some environmental regulations on oilsands firms.
In Canada, The Alberta Energy Regulator (AER) has temporarily suspended a number of environmental regulations on oilsands firms operating in the province after these firms said they could not comply with both the regulations and social distancing orders.
June 02, 2020
OPPORTUNITY CRUDES
Canadian crude takeaway blues as three pipeline projects in limbo.
In the US, work on TC Energy's Keystone XL pipeline in Montana was halted after a US District Judge ruled on April 15 that a key water permit used for the pipeline, Nationwide Permit 12, should be suspended.
May 26, 2020
OPPORTUNITY CRUDES
Canadian output continues to fall as firms continue to cut spending.
Output from the country, particularly the oilsands in Alberta, continues to decline as producers reduce spending amid the ongoing price rout.
May 19, 2020
OPPORTUNITY CRUDES
Shut-ins preventing overflowing stocks in Alberta.
300K b/d of shut-ins are said to already have taken place in the province, leaving some storage space available in the province after fears arose that the ongoing price rout could result in storage space in the province being overrun.
May 12, 2020
OPPORTUNITY CRUDES
Canada aims to support oil industry amid price rout.
The Canadian government is implementing a number of measures to support its oil industry amid the current price rout to prevent massive layoffs within the industry.
May 05, 2020
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