Oil Sands

UPDATE: Death Toll Raised To 89 In Mexico Pipeline Blast; New Focus On Fuel Theft

A blast at a gasoline pipeline in Mexico that killed at least 79 people has put renewed attention on the government's strategy to stop fuel theft, with some relatives saying fuel shortages stemming from the plan led people to risk their lives. Fuel thieves punctured the Tula-Tuxpan pipeline a few mi ...

50 top Canadian stock picks for 2019 as chosen by the pros

Last year was a rough one for investors, with markets turning in their worst performance in 10 years. And volatility promises to be a constant challenge for investors in 2019. But where there is upheaval there is also opportunity, and the drop in valuations means there are potential bargains to be ...

UPDATE: Death Toll Raised To 79 In Mexico Pipeline Blast; New Focus On Fuel Theft

A blast at a gasoline pipeline in Mexico that killed at least 79 people has put renewed attention on the government's strategy to stop fuel theft, with some relatives saying fuel shortages stemming from the plan led people to risk their lives. Fuel thieves punctured the Tula-Tuxpan pipeline a few mi ...

Canadian Market Review 2019-01-17

The Canadian market has been soaring as of late; the upward move has been very broad, with all the sectors participating. Oil, Railways, Banks, Industrial Metals, Financials, Utilities, Pipelines - it's been a great move and it looks set to continue. Enbridge is breaking out to new 52-week highs th ...

Loonie firms up after inflation comes in better than expected; M/M: -0.1% v -0.4% eyed

The Consumer Price Index (CPI) rose 2.0% on a year-over-year basis in December, following a 1.7% increase in November. Lower energy prices were offset by higher prices for various services, including air transportation, telephone services and travel tours. Excluding gasoline, the CPI rose 2.5% ...

Mexico Pipeline Problem Eyed In US Gulf Coast Gasoline Build

Traders of refined petroleum products said on Jan. 16 that pipeline system problems in Mexico may explain the third straight record increase in U.S. Gulf Coast gasoline stockpiles. The U.S. Energy Information Administration said the Gulf Coast gasoline inventory reached 90.96 million barrels last we ...

Canada's Oil Cuts Offer Lifeline To Producers But Create New Problems

The Canadian province of Alberta’s OPEC-style decision to force production cuts is benefiting oil companies with higher prices, but it is also pushing capital elsewhere and threatens to undermine booming crude-by-rail shipments. After Alberta cut 325,000 barrels per day (bbl/d) starting this month ...

Pipeline Operator Kinder Morgan Canada's Profit Surges

Kinder Morgan Canada Ltd. said Jan. 16 its quarterly profit from continuing operations more than doubled as the company benefited from strong performance in its pipeline and terminal business. Pipeline segment earnings jumped 39% to C$13.5 million, led by the Canadian part of the Cochin pipeline, wh ...

FERC Investigates Rates Charged By Three Interstate Pipeline Companies

The Federal Energy Regulatory Commission (FERC) Jan. 16 opened investigations and ordered hearings into three interstate natural gas companies to determine if the companies may be substantially over-recovering their costs of service, resulting in unjust and unreasonable rates. FERC also found that n ...

Austrian Firm Rejects US Sanctions Threat Over Nord Stream 2

Threatening to impose U.S. sanctions on companies involved in the Russian-backed Nord Stream 2 pipeline is unacceptable, the head of Austria’s OMV, which has a stake in the project, told Germany’s Handelsblatt daily. The U.S. embassy in Germany said on Jan. 13 that Ambassador Richard Grenell had ...