Oil sands producers including MEG Energy Corp. and Imperial Oil Ltd. are reconsidering oil sands expansions as new export pipelines are delayed and the provincial government limits production. MEG had Continue Reading
“Blatant disrespect” for Russia’s government can now land you in jail, under a new law the country’s legislature has passed. Worried that Russians are increasingly inclined to criticize the state Continue Reading
Volkswagen AG plans to cut as many as 7,000 administrative positions over the next five years amid an industrywide scramble to slash costs and make room on the balance sheet Continue Reading
The group building the Nord Stream 2 pipeline to import Russian gas into Germany is exploring plans to hive off its last 50km into a separate company, a move that Continue Reading
Crude oil futures were higher during mid-morning trade in Asia Wednesday after latest weekly data showed an unexpected drawdown in US crude stocks, while OPEC producers were expected to keep Continue Reading
The American Petroleum Institute (API) reported a surprise draw in crude oil inventories of 2.6 million barrels for the week ending March 8, coming in significantly under analyst predictions that Continue Reading
Oil prices rose early on Tuesday to their highest level this month, supported by the Saudi pledge to continue cutting deeper and a blackout in Venezuela that disrupted its oil Continue Reading
Bullish news from Saudi Arabia sent oil prices higher on Tuesday morning, but market uncertainty still remains. Oil and Gas Prices (Click to enlarge) Rigs Per Basin (Click to enlarge) Continue Reading
The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 2.6 million barrels for the week ended March 8, according to sources. The API also reportedly showed Continue Reading
Oil prices edged slightly higher on Tuesday, supported by signs of tightening global supply after a Saudi official said the kingdom plans to cut oil exports in April, while the Continue Reading
