Canadian energy sector in sharp decline
An energy group in Canada said it estimated the two-year spending trends in the oil and gas sector were at their lowest level in more than 60 years. The Canadian Continue Reading
More oil, gas layoffs expected, Dallas Fed says
Energy companies may start adopting tighter policies as the immediate pressure from lower oil prices increases, a report from the Dallas Federal Reserve said. The Houston Chronicle confirmed reports U.S. Continue Reading
Worst yet to come for diesel, casting refinery profits in doubt
Oil refineries are shifting into high gear to produce as much gasoline as possible for the world’s fuel-hungry drivers – kicking the problem of a worsening diesel glut further down Continue Reading
Shell under pressure to reduce spending
Royal Dutch Shell is under pressure from shareholders to cut annual spending below $30 billion after buying BG Group to ensure it can maintain its dividend given the slow oil Continue Reading
Goldman Sees Russia Oil Output Rising Amid Doha Freeze Talks
Oil and the Doha Meeting Russian oil and condensate production will rise through 2017, even as the nation prepares for talks on an output freeze with other producers, according to Continue Reading
World Bank taking bolder climate steps
The World Bank said it was standing ready to offer its unique leverage on the global stage to help address the growing challenges of climate change. Laura Tuck, a vice Continue Reading
Oil Set for Weekly Gain as U.S. Output Falls Before Freeze Talks
Oil is poised for a weekly gain as U.S. crude output continues to drop before a meeting between suppliers to discuss freezing production. Futures climbed as much as 3.8 percent Continue Reading
Oil Market `Fooled’ by Freeze Talks Seen Better Off Gauging U.S.
Oil investors looking for signs of a sustained price recovery would do well to assess U.S. supplies rather than the banter between major producers on freezing output, according to Saxo Continue Reading
Oil rises on firm U.S., German growth but traders warn of ongoing glut
Oil prices rose on Friday, lifted by firm economic indicators from the United States and Germany which could support fuel demand, but analysts warned that crude markets were threatened by Continue Reading
Oil Prices Slip in Volatile Trade
Oil prices wavered in volatile trade Thursday, as investors weighed an unexpected decline in U.S. crude inventories against growing doubts that major oil producers will agree to curb their output. Continue Reading