China appears to be stockpiling crude oil at a faster pace than the market had expected, taking advantage of low prices but perhaps also pulling forward its demand for imported Continue Reading
Dave Van Assche didn’t fret too much when oil prices started to slide in late 2014. The postal services business he had built over three short years was thriving, catering Continue Reading
U.S. crude oil stockpiles rose unexpectedly last week even as gasoline and distillate inventories fell more than expected, data from the Energy Information Administration showed on Wednesday. Crude inventories USOILC=ECI Continue Reading
Continental Resources boasted of record performance at a shale well on Oklahoma that it said was performing near the lowest costs ever for the company. Continental said it completed an Continue Reading
A US congressman who has been advising Donald Trump on energy policy is leading a plan to investigate Opec, the oil producers’ cartel, for unfair trade practices. Kevin Cramer, a Continue Reading
Alberta Wildfires A massive wildfire raging through the northern part of Alberta has swelled in size and surged north of Fort McMurray, destroying an evacuated oil sands camp on Tuesday Continue Reading
Federal Reserve officials felt the U.S. economy could be ready for another interest rate increase in June, according to the minutes from the central bank’s April policy meeting released on Continue Reading
Albertans who fled the wildfire devastation in the oil-sands community of Fort McMurray can tentatively expect to return in a couple of weeks, while the blaze still rages elsewhere in Continue Reading
Two major oil services companies have agreed to a $13bn merger as they consolidate and cut costs to cope with the effects of a prolonged low oil price. Technip, which Continue Reading
Electric Transport The recent launch of the Tesla Model 3 has proven a massive global demand for electric vehicles . Thus, it is no longer the question if the electrification Continue Reading
