Energy risk in all shapes, all sizes
Geopolitics may be bullish or bearish. But it will almost certainly bring volatility to the oil market
The beverage options in Calgary restaurants just narrowed. On 6 February, Alberta's premier Rachel Notley announced that her province was now banning imports of wine from British Columbia (BC). It is the first shot in a budding trade war between the neighbouring provinces. BC is blocking the expansion of a pipeline from the oil sands to the Pacific Coast. Notley now says that unless BC lifts its objections, Alberta might stop trading electricity across the border. For Alberta, the BC foot-dragging over Kinder Morgan's C$7.4bn ($5.8bn) plan to almost treble capacity of the Trans Mountain pipeline, to 890,000 barrels a day, is serious stuff. Evacuation capacity from the oil sands will be insuf
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23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
