Quebec: New Oil Discoveries from North of the Border

In today’s climate of low commodity prices, massive layoffs and precipitously declining rig counts, one positive bit of industry news relatively close to home has gone largely under the radar. Quebec, our French-speaking, non-producing neighbor to the north, is poised to join the ranks of hydrocarbon producers. The eastern Canadian…

Chinese Oil Imports: the New Bull in the Oil Shop

Although data opacity makes objective analysis difficult, market observers reported in April that China has surpassed the United States as the world’s largest oil importer. This statistical inflection point needs context to understand global consumption trends. While oil bulls are anxious about China’s reduced crude growth appetite, fundamental shifts in…