The Harper government’s June 17th approval for Enbridge’s construction of their Northern Gateway pipeline has been the centerpiece of Canadian political controversy in the past month. Analysts and investors are simultaneously rejoicing and lamenting the landmark decision as the energy industry turns its eye on Enbridge’s response to the approval. With 209 conditions prescribed by […]
After the wallop of the polar vortex earlier this month that sent US gas demand and US Northeast gas prices soaring to all-time highs, one would think that the worst is over, no? That would be a negative. As the Platts natural gas team has repeatedly pointed out in market commentaries, analysis stories and a […]
In the last 20 years, demand for oil and natural gas in Turkey has increased exponentially, and the country has developed into a significant consumer within the energy markets; however, the demand conditions coupled with insufficient natural resources have spiked Turkey’s energy import bill to alarming levels. The International Energy Agency (IEA) anticipates Turkey’s energy […]
Since Canada has one of the world’s largest oil sands projects (after Saudi Arabia and Venezuela), expected to pump out three million barrels a day by 2018 according to the western province of Alberta’s Government, it might come as a surprise that it is also a large importer of OPEC oil. In fact, Canada exports […]