It was almost a year ago, when having tumbled in early 2015, oil proceeded to rebound strongly into the summer, where it traded at about $60 for three months, before Continue Reading
Nigeria is suffering a worsening bout of oil disruption that has pushed production to the lowest in 20 years, as attacks against facilities in the energy-rich but impoverished nation increase Continue Reading
Militant group the Niger Delta Avengers said it’s knocked Chevron operations offline in the region after attacking oil and gas installations. Photo by Lilac Mountain/Shutterstock ABUJA, Nigeria, May 6 (UPI) Continue Reading
Halliburton Co. has joined rival Schlumberger Ltd. in curbing activity in Venezuela due to lack of payment during the oil industry’s worst financial crisis. “During the first quarter of 2016, Continue Reading
Canadian crude prices were little changed on Friday following a two-day rally as a wildfire in northern Alberta kept nearly one-half of Canadian oil sands production shuttered, forcing BP’s Canadian Continue Reading
Wildfires ravaging the center of Canada’s oil patch in northern Alberta and leading more than 80,000 to flee are set to double in size over the weekend. Phillips 66 declared Continue Reading
Canadian crude prices continued to rise Friday as oil production remained shut in because of a wildfire, although companies were in the process of returning output. The fire, which started Continue Reading
As a wildfire rages across Alberta’s oil-sands region, pipelines, tanks full of chemicals, buildings and equipment are more at risk than the thick, tar-like deposits that are mined from the Continue Reading
A slew of crude imports from Iraq, Angola and other countries has storage tanks in the eastern U.S. Gulf bulging, pressuring physical prices, causing port congestion and delaying deliveries into Continue Reading
Rigging equipment is pictured in a field outside of Sweetwater, Texas June 4, 2015. U.S. oil drillers cut rigs for a seventh week in a row to the lowest level Continue Reading
