With the global oil market in a situation where futures contract prices are higher than prevailing prices – known by traders as contango – there is an incentive to purchase crude now and hold it until oil prices recover. Indeed, the world’s largest trading houses have been chartering tankers and shares of oil tanker companies… Keep reading →
Oil sands producers have been through oil price declines before and some are hoping economies of scale, along with innovation, can reduce costs enough to make it through the current market cycle. “Syncrude forecasts operating costs at C$45.69 ($38.07) per barrel in 2015. Oil sands crude trades at a discount to the West Texas Intermediate… Keep reading →
