Oil Mining News

Where will oil prices go after Algiers?

The outcome of negotiations in Algeria this week may not do much to rescue oil prices.

If Trump wins, he'll scrap Clean Power Plan and go after EPA 

In a nutshell: Less rules, more drilling and more digging.

Frack Sand: The unsung hero of the OPEC oil war

The late-2014, Saudi-initiated oil-price war may have taken the 'boom' out of the US shale industry as it seriously threatened OPEC market share, but Saudi victory has been elusive: US shale has proven amazingly resilient. The industry has adapted quickly to the new playing field, and the unsung hero of a new uptick in drilling and investment isn't just true grit—it's sand.

Suncor to take $80 million hit after Nova Scotia project found non-commercial

The charge is related to the first exploration well of its joint venture in the Shelburne basin, south of Nova Scotia.

How oil is formed

Does the oil we use today originate from the remains of dead dinosaurs? No, but the actual answer is just as interesting.

Canada OK’s three new oil sands projects

The proposed operations, worth about $3 billion in potential investments, could add up to 95,000 barrels of oil per day to current output.

Mining threats UNESCO World Heritage Sites in Canada

Out of 75 documented threats against nine designated natural and cultural sites, 23 belong to the "physical resource extraction" category.

How North Dakota’s native protest against oil pipeline became an American movement

The 1,770 kilometre, $3.7-billion (U.S.) Dakota Access pipeline would carry oil from just north of the Standing Rock Sioux’s land in North Dakota to Illinois.

The next sector to recover from the oil price crash

A recent report by Arkansas Online says the energy industry's support sector could feel the effects of low oil prices for up to two years after the current bear market recovers.

How millennials could bring the oil industry to its knees

Maybe in better times, the staggering population of the millennial demographic would be a hurdle over which Big Oil could easily leap. But times are tough, and that isn’t our today.

Canada’s Enbridge drops Sandpiper crude oil pipeline

The $2.6 billion project for a pipeline from North Dakota to Wisconsin will be on hold until market conditions improve.

Why Wall Street is throwing billions at the Permian

The collapse of oil prices has ground shale drilling to a halt, but the one region where drilling is still active, and even increasing, is in West Texas.

Oil sands stoppages push Canadian GDP down to 2009 recession levels

The country’s economy shrank 1.6% in the April-to-June period, the largest quarterly decline in seven years.

Which countries are damaged most by low oil prices?

This week's chart looks at costs per barrel, exports, and total oil production.

Barrick signs on to Venezuela gold push as oil sinks economy

President Nicolas Maduro turns to mining as a way to boost one of the fastest-shrinking economies in the world.

Glencore posts worst half-yearly profit since listing in London

Despite a rebound in commodity prices and successful costs cuts, Glencore remained in the red in the six months to end-June.

Nailing the bottom of oil

Bob Moriarty points investors toward information that accurately captures movement in energy markets.

Saudis ramping up oil output to gain leverage in OPEC talks

Saudi Arabia suggests it may be increasing its August crude output to a new all-time high as it could give it more leverage to influence the September informal talks on a possible production freeze, Reuters reported on Wednesday, citing industry sources.

India to tap into Russia’s undeveloped coal, iron ore deposits

Cooperation agreements between the nations would guarantee India fresh supply of Russian coal, liquefied natural gas (LNG), diamonds and fertilizers.

World’s No. 1 miner BHP Billiton posts $6.4bn annual loss — its worst-ever

Not even counting the $7.7 billion in write-downs and charges, BHP’s underlying profit dropped by a painful 81% to $1.2 billion for the year to June.

Today's downturn sets markets up for a dramatic oil price spike

Oil and gas companies have gutted their capex budgets, necessary moves as drillers went deep into the red following the crash in oil prices. But the sharp cutback in investment means that huge volumes of oil that would have otherwise come online in five or ten years now will remain on the sidelines.

Did oil kill the dinosaurs?

What killed the dinosaurs? It's a question as old as – well the dinosaurs themselves, and one that everyone from school children to scientists have been asking for decades.

Enbridge to pay $61 million fine for 2010 oil spills in Michigan, Illinois

$177 million settlement announced Wednesday requires action to prevent future spills.

Canadians spent over $32bn in mining acquisitions in first half of 2016

Overall, Canadian deal-making in the first half of the year fell in line with the global cooling down trend that has followed the record valuations of 2015.

INFOGRAPHIC: The volatile history of crude oil markets

The infographic serves as the perfect primer for all the questions about oil that you had, yet were afraid to ask.