Oil Mining News

Crude falls as Canada to resume oil sands output after fires

Cooler weather is helping to control a blaze in Canada’s oil sands region and allowing Suncor Energy Inc. and Syncrude Canada Ltd. to start getting back to work.

What does the next OPEC meeting have in store?

The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran

Wildfire hitting Canada’s oil sands heart gets closer to major plants

Situation has forced some companies to abandon plans laid last week to restart production.

Double-digit yields from around the world

In this bulletin, Adrian Day reviews three companies with strong yields. All three are under some pressure, but equally all are solid companies with very attractive yields.

Canadian oil sands camps evacuated as wildfire shifts north

Forest fires in Northern Alberta have forced additional evacuations at several major operations.

Enbridge back in the black as oil shipments rise

Canada’s largest pipeline company's first-quarter profit rose as record volumes carried on its main pipeline system helped shield it from a sustained drop in oil prices.

BHP resumes expansion plans, says not waiting for prices to recover

Strategic shift comes as the world's biggest miner tries to regain investors' confidence.

Chart of the week: Oil bankruptcy mayhem

Total debt of newly bankrupted energy companies is soaring each month

Why China is really dictating the oil supply glut

The Chinese urgency points to two things. China believes that crude oil prices will not remain at the current levels for long, and that a disruption is possible due to geopolitical reasons, which can propel oil prices higher.

How the US is shunning Saudi oil imports

Over the last 15 years, America has been turning away from traditional oil suppliers in the Middle East to more trusted sources, closer to home.

Low prices for oil cure low prices for oil

Veteran investor Bob Moriarty discusses one company that is poised to benefit from the volatililty in the oil markets.

Global oil supply could face 4.5 million barrels shortfall — Wood Mackenzie

Current oil oversupply could reverse within 20 years as low oil prices have forced pricers to slash spending on exploration and production, a report by Wood Mackenzie shows.

Shell Pipeline Launches New Interactive Customer Tool

Shell Pipeline Company LP's new, interactive online map tool will help customers learn more about all Shell Pipeline assets and identify new business opportunities.

CAPP sees 62% decrease in oil and gas spending for Canada

This reduction according to the Canadian Association of Petroleum Producers, is the largest two-year decline since the start of tracking this data in 1947.

$85 crude oil by Christmas – an interview with Mike Rothman

Oil prices may be gyrating up and down, but Mr. Rothman provided some juicy clues for investors, highlighting some key near-term trends for crude oil.

De-carbonizing our energy sector

Nuclear energy currently provides around 11 percent of the world's electricity.

TransCanada shuts Keystone pipeline after leak in South Dakota

The Keystone pipeline carries oil south from Canada through eastern North Dakota, South Dakota and Nebraska.

US lifted the crude oil export ban, and exports went…down

Just over three months after the authorities lifted the four-decade ban on crude oil exports, the U.S. has actually exported less this year than it did over the same period the year before, when the ban was still in place.

Current oil price rally reaching its limits

Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily.

Sustained oil prices rout could hurt Canadian economy — report

The country's western provinces, especially Alberta, would be most affected if low oil prices were to persist over the next seven years.

Goldman rains on everyone's parade, says commodities rally won’t last

The recent surge in prices of gold, oil and other commodities has come prematurely, says the bank, arguing that lower prices are needed for markets to rebalance.

Why oil booms and busts happen

What if I told you that there was a period in history where oil demand declined by 5 million barrels per day and non-OPEC supply increased by 5 million barrels per day, yet oil price rallied more than 50 percent?

TransCanada's Energy East pipeline faces Quebec injunction

The provincial government asked the court to order a halt until the project has complied with the environmental laws in place.

Glencore swings to loss on write-downs and collapsing coal, metal prices

The Switzerland-based mining and energy giant lost $5 billion in 2015.

Greenfield exploration in Australia picks up

Total area drilled (in metres) climbed by 6.9% during the December quarter, with activity in areas of new deposits increasing by 29.6%.