All war risk is gone from oil markets as prices are at lowest level in nearly a year for WTI, and nearly 2 years for WCS.
If you haven’t been paying attention to oil markets, now might be the time, as significant benchmarks have hit their lowest point in nearly year for WTI, and nearly two years for WCS.
These numbers also mean that all geopolitical risk from the Ukraine war have been eliminated from the market, despite the war being nowhere close to over, and Russia under significant sanctions for oil and gas export.
Sask. drilling rig count down to 29, with just one rig working in southwest Saskatchewan on Dec. 6
ESTEVAN – Drilling activity in southwest and west central Saskatchewan are both markedly down in the first week of December, according to Canadian Association of Energy Contractors (CAOEC) data published by RiggerTalk.com.
Both wind and solar are producing next to no power in Alberta at noon on Tuesday
One, singular, soon-to-be-converted coal unit was producing three times more power than 36 wind farms and 29 solar facilities, combined.
Trudeau, Ford mark opening of Canada’s first full-scale electric vehicle plant
INGERSOLL, ON. – Canada’s first full-scale electric vehicle manufacturing plant officially opened in southern Ontario on Monday, with the prime minister and the province’s premier saying the launch of the facility marked a national milestone.
Prime Minister Justin Trudeau said electric delivery vans started rolling off the line earlier in the day at the General Motors CAMI production plant in Ingersoll, Ont., that was retooled to build the company’s BrightDrop all-electric vehicles.
Canada ‘watching closely’ as Biden pressed to fix Inflation Reduction Act ‘glitches’
Prime Minister Justin Trudeau said Monday that Canada will be “watching closely” as the United States responds to complaints from Europe about the North American protectionism built into President Joe Biden’s signature climate change initiative.
Biden received an earful from French President Emmanuel Macron about “super aggressive” climate incentives in the Inflation Reduction Act — incentives that favour manufacturers in Canada and Mexico, as well as the U.S.
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