Author: AEN Staff

Chief Jim Boucher named Canadian Energy Person of the Year

The Energy Council of Canada named Chief Jim Boucher of the Fort McKay First Nation, and Chairman of the Fort McKay Group of Companies, the 2018 Canadian Energy Person of the Year. The Globe and Mail photo by Shawn McCarthy. Chief Jim Boucher to be honoured on Thursday, November 15 in Calgary Chief Jim Boucher, the leader of the Fort McKay First Nation and Chairman of the Fort McKay Group of Companies has been named the Canadian Energy Person of the Year by the Energy Council of Canada (ECC). The ECC says Boucher is being recognized for his accomplishments...

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Oil prices steady on Iran concerns, slowing growth in China

Oil prices were steady on Tuesday with both Brent and US WTI rising slightly.  Analysts say concerns over US sanctions restricting Iranian crude exports buoyed oil prices, but concerns that China’s economic growth may be slowing capped gains.  Anadarko photo. Strong US dollar puts a lid on rising oil prices On Tuesday, oil prices retreated from over-three-year highs reached early in the session after data showed China’s economic growth may be slowing.  The rising US dollar also limited gains in crude prices recently supported by the reimposition of US sanctions against Iran which will restrict crude exports from the...

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Opinion: Rising oil prices boost U.S. economy

Senior market analyst, John Kemp says the impact of oil prices on the U.S. trade deficit and the exchange rate is becoming much less significant than before.  Statoil photo.   Higher oil prices will help US producers, but curb export growth of their customers By John Kemp LONDON, May 15 (Reuters) – US net petroleum imports have fallen to the lowest level in more than half a century as a result of the shale revolution, which is profoundly changing the impact higher oil prices have on the economy. Since the 1860s, the United States has been the world’s largest producer and...

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Oil prices rise on OPEC report showing global glut all but eliminated

Oil prices rose on Monday after OPEC released a report showing the global glut of crude oil has been virtually eliminated on dropping Venezuelan production along with the OPEC supply cut pact.  The Politician photo. Oil prices up on bullish OPEC report On Monday, oil prices rose after data from the Organization of Petroleum Exporting Countries showed the global glut of crude has been all but eliminated.  As well, US crude’s discount to benchmark Brent hit over $7, the deepest discount in five months. By 4:26 p.m., EDT, Brent crude was up $1.39 to $78.51 and US West Texas...

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Electrified road technology could cut EV battery size, range anxiety

Swedish researchers are testing an electrified road located near Stockholm’s Arlanda airport.  Project success could mean electric vehicles in the future would need smaller batteries which would cut down the cost of EVs.  eRoadArlanda photo by Erik Mårtensson. Electric road only 2 Km long, links Stockholm’s Arlanda airport to a nearby logistics site Researchers are testing out an electric road in Sweden.  According to project backers, Vattenfall and Elways, the 2 Kilometre long roadway is showing promise and, if successful, could help cut the cost of electric vehicles. The $USD5.82 million electric road project is called eRoadArlanda.  The tests are...

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