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Tag Archives: energy markets

Canada’s Alberta to introduce economy-wide carbon tax in 2017

CALGARY – The Canadian province of Alberta, home to the country’s controversial oil sands, said on Sunday it will implement an economy-wide tax on carbon emissions in 2017, addressing long-standing criticism it is not doing enough to combat climate change. The provincial government estimated the plan, including a pledge to phase out pollution from coal-fired electricity generation by 2030 and ...

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Despite oil bust, Texas prepares more students for oil jobs

HOUSTON — The oil industry is mired in its latest bust, with thousands of jobs evaporating like flares flaming out over natural gas wells. But in Texas, education officials are preparing more young people for the oil patch, showing the state’s unshakeable commitment to the energy sector despite the employment uncertainties. The Houston school district is planning to expand its ...

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Canada inflation rate steady in Oct, energy prices weigh

OTTAWA – Canada’s annual inflation rate held at 1.0 percent in October, remaining at the lower end of the central bank’s target range as it was held down by cheaper energy prices, data from Statistics Canada showed on Friday. The figures were in line with economists’ expectations that inflation would match September’s reading. Prices were higher in seven of the ...

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Upcoming nuclear plant closure could roil New England markets

HARTFORD, Conn. — The impending retirement of Massachusetts’ only nuclear power plant could roil energy markets across New England, leading to greater reliance on natural gas, driving up carbon emissions and putting more pressure on pipelines already facing bottlenecks. Pilgrim Nuclear Power Station, the only nuclear power plant in Massachusetts, announced last week it will close by June 2019 because ...

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Oil to stay lower for longer; Chinese demand growth to slow – Goldman

LONDON – Oil prices will stay lower for longer after more than halving since June, Goldman Sachs’ <GS.N> chief commodity analyst said, arguing in his latest research note that demand growth in China and other emerging economies is set to slow. Goldman’s Jeff Currie, who rose to prominence forecasting oil’s spike above $100 a barrel last decade, said the rise ...

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New Orleans to host TMS conference amidst low oil prices

The oil and gas industry in Louisiana and the surrounding region will kick off February with the 3rd Tuscaloosa Marine Shale Development Summit and Exhibit in New Orleans. The conference, hosted by Information Forecast (Infocast), is slated for February 3-5. Infocast is one of the leading hosts of energy industry conferences, with five events set for February alone. Although low ...

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EIA predicts the ambiguous future of petroleum

Perhaps serendipitous to those looking for credible predictions on what’s to come for the world of energy, the U.S. Energy Information Administration (EIA) just released their latest edition of the Short-Term Energy Outlook. This is the first version to include forecasts for 2016. Where oil prices will crawl is on the minds of most. Crude oil markets continue to search ...

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Low prices put 10,000 out of work in Mexico

mexico

As low oil prices begin to effect global energy markets, one company is taking drastic steps to cut losses, and it means cutting jobs. Petróleos Mexicanos (PEMEX) cut company contracts this week, resulting in a lay-off wave of 10,000 workers with more cuts are expected in coming weeks, according to Bloomberg. PEMEX informed most of the companies it partners with ...

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