Insights

Shale is Everyone’s Best Friend (they just may not know it) Shale gas has replaced coal with a clean-burning fuel faster than activists could have dreamed. Declining supply costs and an ability to provide consistent baseload power, perfectly positioned natural gas for this victory. All oil...

Maybe the Quality Problem Isn’t a Problem Global crude qualities have shifted significantly in recent years. Global demand has shifted towards heavier crude while the makeup of global supply has shifted lighter. This global shift in crude quality supply is already impacting end markets. We are...

The Alberta Production Cuts On Sunday night Rachel Notley announced a mandated production cut in Alberta, for crude oil and bitumen, of 325,000 bbls/d (representing ~8.7% of production). This short-term course of action was also supported by Jason Kenney and the UCP. At Validere, we always...

The Shanghai Crude Contract The rapid adoption of the Chinese crude contract represents a significant change in global crude markets. Already representing 16% of global market share, the contract has pulled liquidity from Brent and WTI contracts and may have been a factor in the recent...