The new forecast is a response to OPEC's decision to limit production after a long period of unrestrained output.
Oil Mining News
He said he had intended to announce his retirement last year but chose to stay on while BHP dealt with the aftermath of the Samarco mine disaster in Brazil.
BHP is not the first major player to flag green shoots in the mining industry. Caterpillar, the world's largest heavy machinery maker, said the same last month.
The new API CK-4 oils deliver many benefits that directly address major issues with off-road equipment, including extended drain intervals, reduced engine wear, and ability to extend engine rebuild intervals.
There is a wealth of information to be explored in the modern era, and there’s no shortage of new ideas or contrary viewpoints to be discovered.
Not a day passes without OPEC making oil and gas headlines, and today is surely no exception.
The company believes the market is set to move back into balance in 2017, with demand to exceed global supply.
The Conference Board of Canada also expects the oil industry’s losing streak to last three years, from the last quarter of 2014 through to the second quarter of 2017.
The commodity research teams at Macquarie and Barclays, however, are not as optimistic when it comes to potash, aluminum and steel.
Cash from the sale will be used to proceed with the takeover of Spectra Energy and fund other growth projects.
Brent crude was up $2.76, or 6%, at $48.73 a barrel.
The outcome of negotiations in Algeria this week may not do much to rescue oil prices.
In a nutshell: Less rules, more drilling and more digging.
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.
The charge is related to the first exploration well of its joint venture in the Shelburne basin, south of Nova Scotia.
Does the oil we use today originate from the remains of dead dinosaurs? No, but the actual answer is just as interesting.
The proposed operations, worth about $3 billion in potential investments, could add up to 95,000 barrels of oil per day to current output.
Out of 75 documented threats against nine designated natural and cultural sites, 23 belong to the "physical resource extraction" category.
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.
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.
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.
The $2.6 billion project for a pipeline from North Dakota to Wisconsin will be on hold until market conditions improve.
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.
The country’s economy shrank 1.6% in the April-to-June period, the largest quarterly decline in seven years.
This week's chart looks at costs per barrel, exports, and total oil production.