Oilsands Mining News

VW says last generation of combustion engines to be launched in 2026

The German carmaker is now committed to radical steps to stop global warming.

Oil bulls best hope nothing messes with Texas: Liam Denning

Oil bulls should pause, because when it comes to growth in demand, Texas is pretty much the whole story.

MGX Minerals close to processing first oil & gas wastewater

This development is part of the company' s quest to move forward with a rapid lithium extraction technology.

MGX minerals announces deployment of first rapid lithium extraction system

MGX Minerals Inc. is pleased to report that engineering subsidiary PurLucid Treatment Solutions is shipping the first petro-lithium and advanced wastewater treatment system on Monday, October 8th.

BP pays $10.5 bln for BHP shale assets to beef up U.S. business

A unit of British oil major BP PLC will acquire BHP's unit which holds the Eagle Ford, Haynesville and Permian assets for $10.5 billion.

Nigeria to offer 12.7 bln naira mining contract to eight firms

Nigeria will offer a 12.7 billion naira ($41.6 million) mining contract to eight companies in exploration and consultancy, its junior mining minister said on Wednesday.

What to watch in commodities: aluminum, shale, Ag giants, China

Aluminum remains in focus almost a month after the U.S. introduced sanctions against United Co. Rusal, then eased off.

CHART: Hedge funds have never been this bullish about the oil price

Large scale speculators in West Texas Intermediate and Brent crude oil futures have built up bullish positions equivalent to a staggering 1 billion barrels.

Oil-rich Venezuela is out of gas

"In Venezuela, we are out of gas. In Venezuela, there is no gas oil. In Venezuela, there are no lube oils."

The next oil price spike may cripple the industry

How it is possible for the price of oil to go both up and not up, and what would that mean for the oil industry?

Good and bad news from Japan-China oil sands projects in Canada

On the bright side, the companies have started production of ultra-heavy crude oil at their Hangingstone Oil Sands Project in Alberta

This oil price rally has reached its limit

Last week, crude oil rallied the most so far this year, gaining more than 8 percent, or $4 per barrel.

'Dirty, difficult, and dangerous': Why millennials won't work in oil

Like many industries today, the oil industry is trying to sell its many job opportunities to the fastest growing portion of the global workforce: Millennials.

Don't hold your breath for deeper OPEC cuts

The rally in oil prices over the past two weeks came to a halt on Wednesday on news that OPEC is actually exporting more oil than previously thought.

Top 50 mining companies reshuffle as Chinese, lithium firms climb rankings

Combined worth of 50 largest mining companies grow to $768 billion during first half of 2017, but a few big names drop down rankings.

Today's stunted oil prices could cause oil price shock in 2020

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil's immediate future.

U.S. shale is immune to an oil price crash in 2017

Since OPEC announced the production cut deal at the end of November, industry analysts have been warning that rising production from producers outside the deal—U.S. shale in particular—is effectively capping the oil price gains from that agreement.

Iron ore, copper price plunge brings carnage to mining stocks

Worries about Chinese economy and rising tension surrounding North Korea brings fear trade to mining and industrial metals.

There is no such thing as peak oil demand

If oil demand were to reach an actual peak, then the top might be easier to predict. As it stands, the forecast models of demand are likely predicting peak demand far later than it will be.

Why new Canadian pipelines make sense

One thing is being largely left out of the pro- vs anti-pipeline discussions of late – the plain and simple fact that we need them.

Energy stocks are shifting from Fort McMurray to Fort St. John

Canadian energy guru Peter Tertzakian addressed the CFA Society Vancouver last week.

Oil majors' costs have risen 66% since 2011

The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead

Oil poised to reach $80

We've been bullish on oil prices and published a piece last April predicting an energy shortage. I continue to think that is where we're headed.

Trump inauguration: The Trump cabinet picks who may shift US policy

President Donald Trump's picks for his Cabinet appear to back up his campaign pledges to boost US oil and gas production and streamline infrastructure approvals.

Of Presidents and prices: How commodities compare under Trump, Obama

As the book closes Friday, January 20, 2017, on President Barack Obama’s two terms, here are the price averages during his tenure for some key commodity benchmarks, as well as the latest price.