Energy risk in all shapes, all sizes
Geopolitics may be bullish or bearish. But it will almost certainly bring volatility to the oil market
The beverage options in Calgary restaurants just narrowed. On 6 February, Alberta's premier Rachel Notley announced that her province was now banning imports of wine from British Columbia (BC). It is the first shot in a budding trade war between the neighbouring provinces. BC is blocking the expansion of a pipeline from the oil sands to the Pacific Coast. Notley now says that unless BC lifts its objections, Alberta might stop trading electricity across the border. For Alberta, the BC foot-dragging over Kinder Morgan's C$7.4bn ($5.8bn) plan to almost treble capacity of the Trans Mountain pipeline, to 890,000 barrels a day, is serious stuff. Evacuation capacity from the oil sands will be insuf
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19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
