Growth in Canadian crude oil production has outpaced expansions in pipeline takeaway capacity and, along with past pipeline outages, has driven Canadian crude oil prices lower and increased Canadian crude Continue Reading
Summary of Weekly Petroleum Data for the Week Ending April 27, 2018 U.S. crude oil refinery inputs averaged about 16.6 million barrels per day during the week ending April 27, Continue Reading
As global oil markets shift their attention from U.S. shale oil production back to a resurgent Saudi Arabia and Russia and geopolitical concerns bearing down on oil prices, Citigroup said Continue Reading
New shale oil well productivity drove U.S. production higher in the last few years, with the average daily rate for the first month of operation rising from less than 100 Continue Reading
Suncor Energy Inc. is barreling ahead on the ramp-ups of the Fort Hills and Hebron oil megaprojects as its refining operations protect it from the pipeline shortages and lower prices Continue Reading
The US government forecasts that summertime gasoline prices this year will be at their highest level since 2014, when Taylor Swift’s “Shake It Off” was at the top of all Continue Reading
There’s a good chance you’ll soon see regular gas selling for $3 a gallon. Concerns that President Donald Trump is about to impose new sanctions on Iran have sent oil Continue Reading
Southeast Europe should prepare for heatwaves later in May Coldest winter since 2012 has depleted European gas stores Germany is headed for record solar power generation next week as forecasters Continue Reading
Russia’s oil production held onto an 11-month high in April, flat compared to March and above its quota under the OPEC/non-OPEC deal for a second consecutive month, according to data Continue Reading
Crude rose after Israeli intelligence about Iranian nuclear ambitions heightened concern an international accord may unravel. Futures in New York rose 0.7 percent on Monday to settle just pennies shy Continue Reading
