Rightly so, there has been considerable concern expressed from many leading figures in business and government when it comes to Rachel Notley’s Alberta NDP energy industry policy. From Federal senators, to academics, to industry leading oil and gas chief executives, apprehension has been voiced over the suitability of raising corporate income taxes, changing Alberta’s royalty rate regime, the prospect of newly added crude processing capacity and an overall distaste for new pipeline … [Read more...]
Global Demand for Oil is Surging
The International Energy Agency, in its recently published April Oil Market Report, raised its forecast of 2015 global oil demand by 90,000 barrels per day to 93.6 million b/d. This represents a gain of 1.1 million b/d on the year and a noteworthy acceleration of the 700,000 b/d demand growth in 2014. Of course, the backdrop for increased oil demand is the improving global economy as it slowly gains momentum. The IEA report was clear when it mentioned that given deep changes in supply and … [Read more...]
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