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Oil News in Canada

Canada Oil Supply - May 2017
Canada Oil Supply - May 2017 6/12/2017 - Canada’s oil supply in 2016 is estimated at 4.50 mb/d, an increase of 80 tb/d. According to preliminary national source data, Canadian oil output in January increased by 0.18 mb/d m-o-m to settle at 5...
Canada and Mexico Oil Supply - September 2016
Canada and Mexico Oil Supply - September 2016 10/3/2016 - Oil supply in Canada is expected to grow by 20 tb/d in 2016 to average 4.44 mb/d y-o-y, revised up by 20 tb/d from the previous month. Preliminary estimates by Canadian national sources reported a dec...
Canada Economy - July 2016
Canada Economy - July 2016 7/16/2016 - While the situation of Canada’s economy remains challenging, growth in 1Q16 has recovered. GDP growth in 1Q16 stood at 2.4% q-o-q SAAR. This is considerably higher than full year growth in 2015 of 1.1...
Canada and Mexico Oil Supply - May 2016
Canada and Mexico Oil Supply - May 2016 5/22/2016 - Canada’s 2015 oil supply growth was lower than expected at 110 tb/d, down from 0.27 mb/d in 2014, to average 4.42 mb/d. Despite remarkable growth in oil sands output of 200 tb/d, half was offset by a ...
Canada Economy - April 2016
Canada Economy - April 2016 5/11/2016 - While the Canadian economy remains in a weak position, it seems to have recovered somewhat. After being affected by relatively sluggish domestic demand amid falling oil prices and a decline in investm...
Canada and Mexico Oil Supply - April 2016
Canada and Mexico Oil Supply - April 2016 5/7/2016 - Canadian oil production in 2016 is expected to increase by 90 tb/d y-o-y to average 4.50 mb/d, revised up by 20 tb/d from the previous MOMR. An upward revision in 4Q15 by national sources carried over...
Canada and Mexico Oil Supply - December 2015
Canada and Mexico Oil Supply - December 2015 1/4/2016 - Oil supply in Canada is expected to grow by 0.12 mb/d in 2016 to average 4.48 mb/d y-o-y, a decline of 20 tb/d from the initial forecast. This is partially due to higher expected declines in conventio...
Canada and Mexico Oil Supply - November 2015
Canada and Mexico Oil Supply - November 2015 11/29/2015 - Oil supply in Canada is expected to grow by 0.12 mb/d in 2016 to average 4.48 mb/d y-o-y, unchanged from the previous MOMR. Oil sands projects in Canada, which are already invested and sanctioned, wil...
Husky Energy Approves New Heavy Oil Thermal Project
11/18/2015 - Husky Energy (HSE) has sanctioned Rush Lake 2, a new 10,000 barrels per day (bbls/day) heavy oil thermal development in Saskatchewan, as it continues to advance its resilient portfolio of low sustaini...
Canada and Mexico Oil Supply - October 2015
Canada and Mexico Oil Supply - October 2015 10/24/2015 - Oil supply in Canada is expected to grow by 0.05 mb/d in 2015 to average 4.36 mb/d y-o-y, a downward revision of 40 tb/d from the previous month. Final June data shows conventional output fell in Ju...
Sea Dragon Closed Its Business with Petrogas, Its Name Change to Sdx Energy
9/2/2015 - SDX Energy Inc. (formerly Sea Dragon Energy Inc.) is pleased to announce that it has closed its previously announced strategic business combination with Madison PetroGas Ltd., a private, arm’s length,...
Canada and Mexico Oil Supply - July 2015
Canada and Mexico Oil Supply - July 2015 8/1/2015 - Canada’s oil supply is expected to grow by 80 tb/d to average 4.39 mb/d in 2015 y-o-y, a downward revision of 0.06 mb/d from the previous month. Canadian oil output was revised up by 0.14 mb/d in 1Q15...
Canada and Mexico Oil Supply Estimate for 2014- June 2015
Canada and Mexico Oil Supply Estimate for 2014-  June 2015 6/13/2015 - Oil supply in Canada increased by 0.28 mb/d in 2014 to average 4.31 mb/d, unchanged over the previous month. ...
Canada Oil Supply in March 2015
Canada Oil Supply in March 2015 4/7/2015 - Canada’s oil output is forecast to average 4.37 mb/d in 2015, revised up by 20 tb/d due to a base change in 2014, a proposed increase of 0.14 mb/d over the previous year and unchanged from the previou...
Canada and Mexico Oil Supply in February 2015
Canada and Mexico Oil Supply in February 2015 3/2/2015 - Canada’s oil supply is estimated to increase by 0.21 mb/d over the previous year to average 4.21 mb/d in 2014, indicating an upward revision of 30 tb/d compared with the previous MOMR. The upward revi...
Canada and Mexico Oil Supply in January 2015
Canada and Mexico Oil Supply in January 2015 2/8/2015 - Oil supply in Canada registered growth of 0.18 mb/d in 2014 to average 4.18 mb/d, unchanged compared to the previous month. Canadian oil output was revised down by 10 tb/d and 14 tb/d in 2Q14 and 4Q14...
Canada and Mexico Oil Supply in December 2014
Canada and Mexico Oil Supply in December 2014 12/23/2014 - Canada’s oil output is expected to grow by 0.18 mb/d in 2014 to average 4.18 mb/d, a downward revision of 10 tb/d from the previous MOMR. Canada’s supply growth remained the second-largest among all n...
Canada Oil Demand in November 2014
Canada Oil Demand in November 2014 12/2/2014 - In Canada, August 2014 demand came up slightly increasing y-o-y. Gains in gasoline, gasoil, jet fuel and fuel oil have been largely offset by sharp declines in LPG requirements. Canadian oil demand in...
Canada and Mexico Oil Supply in November 2014
Canada and Mexico Oil Supply in November 2014 11/19/2014 - Canada’s overall supply is projected to increase by 0.18 mb/d in 2014 to average 4.19 mb/d, lower expected growth than in 2013. Preliminary data indicate that output dropped more in September, mainly ...
Canada and Mexico Oil Supply in October 2014
11/11/2014 - Oil production from Canada is forecast to increase by 0.18 mb/d in 2014 to average 4.19 mb/d, a downward revision by 60 tb/d from the previous assessment. The second and third quarters were revised do...

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