Fifteen to 20 nuclear units in US ‘at risk’ of shutdown:
Some 15 to 20 nuclear power units in the US are “at risk” of being shut over the next five to 10 years due to economic challenges such as low Continue Reading
Alberta Firefighters Defend Oil Sites as Rain Brings Relief
Alberta firefighters successfully defended Suncor Energy Inc. and Syncrude Canada Ltd.’s oil-sands sites from wildfires as rain brought some relief and the blaze that shut more than a million barrels Continue Reading
Canadian firefighters make progress against fire in oil sands region
Firefighters made progress against a wildfire in the Fort McMurray region of northern Alberta on Thursday as a shift in winds pushed it away from communities and oil sands facilities. Continue Reading
Gazprom trimming plans for eastward pipeline
Russian energy company Gazprom said Thursday it was trimming its construction plans on a natural gas pipeline to the Far East in order to save capital. With a European economy Continue Reading
Oil Extends Drop as Unexpected Stockpile Gain Expands U.S. Glut
Oil extended its decline for a second day as U.S. crude stockpiles unexpectedly increased, keeping supplies at the highest level in more than eight decades. Futures slid as much as Continue Reading
Oil Rally Seen Having More to Go as Millions of Barrels Are Lost
Oil prices are yet to reflect all of the millions of barrels of crude lost to supply disruptions, according to Australia & New Zealand Banking Group Ltd. Almost 2.5 million Continue Reading
Oil drops on surging dollar, rising U.S. crude stocks, jump in Iran exports
Oil prices fell on Thursday, pulled down by rising U.S. crude inventories, a stronger dollar and surging output from Iran to Europe and Asia. Brent crude futures LCOc1 were down Continue Reading
Oil Slips After EIA Reports 1.3M Barrel Build
After a deluge of economic data overnight, and ahead of the weekly EIA inventory report, crude is edging higher, but traders were slightly disappointed by the EIA reported crude barrel Continue Reading
Oil demand strong, year end too early for rebalancing: Total CEO
Oil demand in 2016 will stay strong, supporting prices, but the market is unlikely to rebalance by the year end, the Chief Executive of French oil and gas major Total, Continue Reading
Goldman Upgrades Commodity Outlook on Constrained Oil Supplies
Goldman Sachs Group Inc. upgraded its outlook for commodities for the next three months because of disruptions to oil supply, while staying bearish on industrial metals and gold. Supply constraints Continue Reading