Canada’s lingering crude glut isn’t hindering the country’s growing oil output, according to the National Energy Board’s most recent forecast. The country’s oil production will average 4.59 million barrels a Continue Reading
Flying cars were thought to be coming as soon as four years from now , but actually commercial models are coming up sooner than what had been thought. Air taxi Continue Reading
Home sales are slowing as interest rates rise. David Zalubowski/Associated Press WASHINGTON — Emerging signs of weakness in major economic sectors, including auto manufacturing, agriculture and home building, are prompting Continue Reading
When the price of crude oil goes through one of its periodic downturns, as it is doing now, it sends a shiver through the oil industry. History promises that higher Continue Reading
Canada’s Alberta is in talks to buy rail cars to transport 120,000 barrels per day (bpd) of crude oil and expects a deal to conclude within weeks, Premier Rachel Notley Continue Reading
The Trump Administration has temporarily frozen a program meant to exempt small oil refineries in financial distress from the U.S. biofuels law, as it reviews the scoring system to evaluate Continue Reading
Energy Transfer LP ( ET.N ) and its Sunoco pipeline subsidiary have racked up more than 800 state and federal permit violations while racing to build two of the nation’s Continue Reading
Summary of Weekly Petroleum Data for the week ending November 23, 2018 U.S. crude oil refinery inputs averaged 17.6 million barrels per day during the week ending November 23, 2018, Continue Reading
The spending plans of oil majors BP and Equinor are unaffected by the more than 25 percent drop in oil prices since early October, their CEOs said on Wednesday. Oil Continue Reading
The oil price plunge of the past weeks has had OPEC considering a fresh production cut to prevent the next oil glut and steer Brent Crude prices back up closer Continue Reading
