Geopolitics has taken over the oil market, driving oil prices up to three-year highs.
Oil Mining News
Once the deal closes, Shell's only involvement in Canada's oil sands will be through its 10% stake in the Athabasca Oil Sands Project, majority owned by CNR and Chevron.
The most recent data available from the Alberta Energy Regulator — for December 2017 — shows Fort Hills at 11,525 bbls/d.
Pierre Andurand said the current reluctance of energy companies to invest in new production meant $300 a barrel was "not impossible" within a few years.
Aluminum remains in focus almost a month after the U.S. introduced sanctions against United Co. Rusal, then eased off.
While Cenovus and Husky both billed their output slowdowns as temporary, the first-quarter hiccups foreshadow shrinking gains in oil-sands production.
Oil and gas producer Cenovus Energy Inc expects Canada’s railways to be able to carry more oil in the second half of this year.
If the commodity sector keeps the pace for the rest of 2018, this will be the best year for the asset class since 2003.
China already actively seeking opportunities.
Since the commodities supercycle unwound nearly 10 years ago, many investors have been waiting for the right conditions to trigger mean reversion and lift prices.
Even though Russia has nearly five times as many residents as Texas, the Lone Star State's economy is more than $40 billion larger.
The Central African oil producer reached an agreement in principle to restructure its more than $1 billion debt to Glencore and four banks.
The project, being considered by the federal government, may cost as much as A$5 billion ($3.9 billion), according to one industry estimate.
The world’s 50 biggest investment banks made revenue of $1.6 billion from trading, selling derivatives and other activities in metals last year.
Mining mogul Bob Murray offered a passionate defense of coal, asserting that we’d all “die in the dark” without it.
The miner is withdrawing from the World Coal Association over a clash of views on how to fight climate change, with BHP saying it’ll reap little benefit from staying on as a member.
Company now owns 90% of Compañía Minera Teck Quebrada Blanca, which main asset is the namesake copper project in Northern Chile.
The blowout in the price spread between Canadian heavy and U.S. light crude isn't narrowing substantially any time soon.
Geopolitical pressure is only able to influence oil prices to such a degree because the market is fundamentally getting tighter.
An onslaught of recent policies from Premier John Horgan's government has weakened B.C.'s investment climate, sending all the wrong signals to investors.
BC drivers might be hit with more than gasoline price spikes should Alberta decide to play hardball.
Eight-week maintenance project at Syncrude that had been scheduled to start in April will start Thursday.
The National Mining Association (NMA) and the American Exploration and Mining Association (AEMA) have filed petitions asking the court to reverse the 2012 ban.
Company expects to lose about 200,000 tonnes in steelmaking coal output.
Outside of the US, there is a deterioration of stability in many oil-producing regions, aggravating risks for both oil companies and the oil market.