Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Tamarack Valley Energy Ltd T.TVE

Alternate Symbol(s):  TNEYF

Tamarack Valley Energy Ltd. is a Canada-based oil and gas exploration and production company. The Company's asset portfolio is comprised of oil plays in Alberta, including Charlie Lake, Clearwater and several enhanced oil recovery (EOR) opportunities. The Company has an inventory of low-risk, oil development drilling locations. Its Clearwater oil play is located in north-central Alberta. Its Charlie Lake oil play is located in northwestern Alberta. Its EOR portfolio includes a set of assets across Alberta representing a range of formations and production types. The Company’s subsidiary is Tamarack Ridge Resources Inc.


TSX:TVE - Post by User

Post by swale13on Oct 13, 2022 7:11pm
289 Views
Post# 35023741

Bloomberg OCT 12 re Heating Oil

Bloomberg OCT 12 re Heating Oil

In the US, inventories are perilously low ahead of the winter season. It’s the same story for independent stockpiles held in Amsterdam-Rotterdam-Antwerp, northwest Europe’s oil trading hub. Consumption of heating oil -- a diesel-type fuel -- typically rises in winter.

Supply is also being hit by refineries undergoing seasonal maintenance, while some European nations are also starting to claw back the stockpiles they released to curb prices earlier in the year.

See also: France Asks Traders to Return Millions of Barrels of Diesel Soon

The high prices and low inventories are fast becoming a political flashpoint. 

In recent weeks US Energy Secretary Jennifer Granholm and other administration officials chastised oil refining executives for low diesel stockpiles, floating the possibility of export limits and a requirement for companies to hold minimum inventories inside the US. 

The French government is threatening to take control of some of the country’s biggest refineries that have been halted by strikes, with almost a third of the country’s fuel stations suffering supply shortfalls. 

Last month, Switzerland said industrial users should burn heating oil instead of natural gas in dual-fuel power plants from Oct. 1, and that households should start filling their heating oil tanks immediately.

Approaching Winter

“We are approaching the Northern Hemisphere winter, which boosts heating oil demand,” said Jonathan Leitch, an oil analyst at Turner, Mason & Co. “There are also expectations of fuel switching, which means more diesel could be used in power generation if there is not enough natural gas available.”

<< Previous
Bullboard Posts
Next >>