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Oil glut pinch may trump pipeline opposition in Canada

Location:

CANADA

Meanwhile, the National Energy Board (NEB) is preparing final approval of two large pipeline projects -- Energy East and Trans Mountain -- to carry Alberta and Saskatchewan crude…

Oklahoma investment will drive up US shale growth

Location:

UNITED STATES

Oklahoma’s STACK and SCOOP shale play.

Saudi Aramco will seek to manage rapid industry change

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SAUDI ARABIA

Yet this follows a government directive that the company cancel increases in its maximum sustainable capacity (MSC) of crude oil production from 12 million barrels per day (b/d…

Prospects for fossil fuels to end-2016

Location:

PROSPECTS H2 2016

Prospects for fossil fuels to end-2016.

Gulf economies are on a stable track despite risks

Location:

GULF STATES

The IMF has revised downwards its forecast for Saudi GDP growth in 2024 to 2.7% but raised its 2025 forecast to 5.5%. This reflects a positive medium-term outlook for the Gulf…

Any recovery of Mexico’s Pemex will be slow

Location:

MEXICO

According to preliminary figures, Pemex lost 333 billion pesos (17.8 billion dollars) in 2017, an increase of 74% on the 2016 shortfall. Oil production reached its planned target…

Argentina energy doubts mount as Vaca Muerta stalls

Location:

ARGENTINA

On December 15, President Alberto Fernandez's government awarded supply contracts under the Gas.Ar plan, seeking to address short-term supply challenges and energy trade balance…

Prospects for the Russian economy to end-2023

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PROSPECTS H2 2023

Despite recent economic stabilisation, future growth prospects are severely limited owing to Russia’s international isolation. A prolonged war in Ukraine would threaten the…

Russia’s budget deficit may exceed official target

Location:

RUSSIA

The federal budget deficit target for 2023, set at RUB2.9tn (USD35.8bn), is likely to be exceeded for the second year in a row. Federal expenditure is showing no signs of slowing…

Inflation adds to Brazil’s multiple economic woes

Location:

BRAZIL

This is close to the ceiling of the target band of 2.25-5.25% set for this year. In response, the Central Bank last week raised its benchmark interest rate from a record low of…