The U.S. presence in the Middle East, which for years provided some control over one of the world's most volatile regions, appears to have dissolved into chaos.
Oilsands Mining News
While the sharp decline in crude prices has saved crude consuming nations hundreds of billions of dollars, the loss in revenues has caused crude exporting countries intense economic and financial pain.
Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totaled 31.2 million barrels per day (b/d) in September, down 60,000 b/d from August as Saudi Arabia further reined in supply, according to a just-released Platts survey of OPEC and oil industry officials and analysts.
New report on top 100 junior mining companies says "waiting it out no longer a viable strategy"
Copper miner up nearly 7% after announcing cuts to its board and an "alternative course" oil and gas business acquired only three years ago.
It appears as if oil prices could be on the verge of a rebound, with new data showing that the U.S. oil patch is hitting an inflection point.
A chart by the Wall Street Journal shows that capital expenditures by the big oil companies are exceeding cash flow at a higher rate than the major miners.
Shell Canada told employees last week it will cut up to 10 per cent of 3,000 jobs at the Athabasca Oil Sands Project mining operations it manages north of Fort McMurray in an effort to improve efficiency.
When it takes up to four million pounds of sand to frack a single well, it’s no wonder that demand is outpacing supply and frack sand producers are becoming the biggest behind-the-scenes beneficiaries of the American oil and gas boom.
It always seems prices at the pumps rise much faster when oil prices increase, but they move much slower when oil prices decline. I guess that’s big oil for you.
At a stop in New Brunswick last week, Liberal Party of Canada leader Justin Trudeau said more scientific study is required before Canada expands natural gas exploration and drilling.
21 of 80 Utah Tar Sands Resistance members arrested during physical confrontation.
The lofty US stock markets have stalled out, looking more and more top-heavy with each passing day. This is spawning growing unease among prudent investors, who sense the long-overdue major selloff is nearing.
The worst place to be right now is bonds. The second worst place is the Dow and the S&P. The safest place to be is resources.
Canada contributes about 2% to the global GHG emissions, of which 0.1% is emitted from the Canadian oil sands.
Tom Steyer has been dubbed the liberal version of the Koch brothers.
A spike in the global oil price and a rapidly narrowing discount has sent oil sands crude soaring to $89.25 a barrel from five-year lows of $45 in December.
The first European colonial empire to be established, Portugal’s overseas territories were some of the last to attain independence, leaving aftershocks which reverberate to this day, particularly in Mozambique.
The Canadian government says science is on its side when assessing tar sands pipelines.
Canadian heavy oil is falling further behind US crude and global prices.
How the mighty have fallen.
The price oil sands producers receive surged to $77 a barrel, up from $45 in December.
Saudis get $110.
Natural gas bulls keep pointing to the declining gas rig count in the US as a reason for a near-term turnaround to the upside in prices.
Crude oil production and capex absolutely control the energy space right now.