Weekly Energy Charts
May 20, 2022
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Featured Stories
Calgary’s Path to Net Zero
Erica Beattie
ENMAX and the City of Calgary have partnered up to fund the Community Solar Fund and its first installation is now underway. The $5-million fund will support solar energy installations in select community halls throughout the city, benefiting local neighbourhoods.
Alberta has some of the best solar resources, and the sunny city of Calgary sees 2,390 hours of sunshine each year. This makes it an ideal place for solar energy to shine.
Maps from Solar Alberta
Research shows that energy choices can be socially influenced. If this is the case, perhaps this project will inspire other municipalities to follow suit.
The Community Solar Fund will help lower Calgary’s emissions, and grow Alberta’s renewable energy sector, thereby advancing the country in its path to net zero by 2050.
A boost to oil exports?
Marc Vermette
Alberta Premier Jason Kenney told a US Senate committee that technical improvements to existing pipelines and increased crude-by-rail shipments could boost Canada’s oil export capacity to the US by up to 900,000 barrels per day (BPD).
Winter Pipeline, image courtesy of Robzor/Pixabay
As Europe wants to minimize its dependency on Russian oil,
Alberta, Canada’s largest oil-producing province, has explored ways to
boost pipeline utilization to increase crude exports.
Canada’s government has already announced that it plans to increase oil exports by 300,000 BPD through pipelines by the end of this year.
Additional information:
900,000 BPD would represent a 25% increase from recent export levels
300,000 BPD would represent approximately an 8% increase from recent export levels.
Light crude oil makes up ~29% of all crude oil exports, while the balance (~71%) is heavy crude oil.
See more details on Canadian crude exports in our new charts section today!
Wind power windfall!
Andrew Leach
This past week, Sara Hastings-Simon, Blake Shaffer, Tim Weis and
I finished a working paper on Alberta’s Reneable Electricity Program
(REP). One conclusion of the analysis that stood out to me is the
current value of the REP contracts signed to bring more wind power onto
the grid. To date, if you count both the energy and the carbon credit
value of those contracts, they have produced a net gain of $100 million
so far to the Government of Alberta and the AESO. That’s a far cry from
the $10
million per year loss that was forecast by the AESO when the program
began.
There are still many years to go on those contracts, but so far so good.
Bitcoin basis gasoline prices
Andrew Leach
I decided to have a little bit of fun this week and see what
Canadian gasoline prices look like when measured in Bitcoin. Not much
protection from inflation to be seen.
Oil
Weekly Crude Prices
Feature Crude
Alberta Crude
US Crude
Global Crude
Oil Price Differentials
Brent-WTI
WTI-WCS
Maya-WCS
WTI Cushing vs MEH
Forward Curves
WTI
Brent
Canadian Crude Supply and Disposition
Crude Oil Production
Crude Oil Imports
Crude Oil Exports
Crude by Rail Exports
EIA Petroleum Status Report
Crude Oil Production
Net Crude Oil Imports
Net Imports of Crude Oil and Products
Crude Inventories
Refined Products
Canadian Gasoline Prices
Map
Historic Gasoline Prices
Historic Diesel Prices
Canadian Refinery Runs
Canadian Refinery Runs
Western Canada Refinery Runs
Natural Gas
Natural Gas Market Summary
Feature Gas
Global Gas
North American Gas Hubs
Forward Prices
Henry Hub
Alberta (NIT) ($CAD)
Alberta (NIT)
BC (Stn 2)
Ontario (Dawn)
EIA US Natural Gas Storage
Power
AESO Market Summary
Supply Mix
Prices and Loads
Wind Forecast
AESO Forward Prices
