CBC.caOPEC cuts, while the US turns on the oil tapsCBC.caSince the OPEC deal was first floated, crude oil production in the United States has increased by nearly half a million barrels per day, with no signs of slowing down. Exports of crude out of the U.S …
Financial TimesOil in retreat towards $55 as bullish bets stallFinancial TimesOil prices slid towards $55 a barrel on Monday as fears mounted that funds betting on a price rally have started to pare back positions, with traders waiting for more evidence th …
CBC.caWith Alberta still in a slump, some oil industry players have an idea to get people back to workCBC.caIt's now 2½ years into the oil price downturn and, by most measures, Alberta is still in a rut. The economy is expected to come out of recession …
Alaska Dispatch NewsState's new method for predicting oil production could mean lower forecastsAlaska Dispatch NewsBasically, the division's geologists and engineers used only publicly available information on producing fields, available through pl …
Alaska Dispatch NewsAlaska oil pipeline volumes usually decrease each year. But 2016 was different.Alaska Dispatch NewsLast year, oil transport through the line had dropped to the lowest point since 1977, its first year of operation. Legacy fields such as …
Financial TimesPalm oil deal embroiled in Malaysian politics - Financial TimesFinancial TimesThe Malaysian opposition has attacked a state company's investment in a palm oil project in Indonesia, saying it is a costly handout to a foreign businessman&n …
BloombergSaudi Arabia's Energy Minister Sees Oil Recovering on OPEC CutsBloombergOil prices are set to recover next year as OPEC fulfills its agreement to cut output, halting the slump that battered the global oil industry, Saudi Arabia's energy mi …
Russian Oil: Cutting Against Projected GrowthOilPrice.comRussia has pledged to OPEC and other Non-OPEC countries to cut its oil output by 300,000 bpd in the first six months of 2017 in a joint effort to reduce the global oil glut by almost 1.8 million barr …
CBC.ca1000 unionized oil sands camp jobs lost and more to come: Trade unionCBC.caOil sands companies have cut about 1,000 camp jobs, including 170 workers at a lodge just north of Fort McMurray, the day after Christmas, trade unions said. "It's re …