Canada’s gross domestic product contracted at the fastest pace in more than seven years in May as wildfires curbed Alberta oil production. Canada’s gross domestic product contracted at the fastest Continue Reading
US crude exports jumped to their highest level on record in May, coming in at 662,000 b/d, monthly data from the US Energy Information Administration showed Friday. Exports are up Continue Reading
WTI oil pared losses on Friday morning, breaking with a 6 day streak of losses. U.S. oil production also saw a slight increase, mainly due to higher output in Alaska Continue Reading
ExxonMobil reported on Friday earnings of US$1.7 billion for the second quarter, a 59-percent tumble on the year, amid sharply lower commodity prices and weaker refining margins. Earnings per share Continue Reading
The U.S. oil and gas rig count was up only one rig this week, defying a significantly higher upwards trend reported by Baker Hughes for multiple weeks running. U.S. oil Continue Reading
It is looking like another lost year for the world’s biggest oil companies, as profits shrank dramatically during the second quarter and they now face a volatile end to 2016 Continue Reading
Estimated quarterly earnings for Exxon Mobil Corp. were down about 60 percent from last year, the company said, pointing to sharply lower energy prices. Exxon reported second quarter earnings at Continue Reading
Chevron Corp ( CVX.N ) posted its worst quarterly loss since 2001 on Friday and Exxon Mobil Corp ( XOM.N ) reported a 59 percent slide in quarterly profit, both Continue Reading
One system has 50 percent chance of development over 5 days System may drift into Gulf after drenching Puerto Rico It’s time to start watching the Atlantic Ocean for storms Continue Reading
Energy companies’ lifeline during the rout in oil prices – refining and downstream – has withered but the fall in margins is hardly a surprise for European refiners, which are Continue Reading
