Two Alberta Oil Sand Sites Evacuated due to Wildfire
Mining.com reported that a wildfire in northeastern Alberta has forced the evacuation of staff at two oil sands facilities, which together represent about 9 percent of Alberta's oil production.Continue...
View ArticleOil Trading Up, Gold Down as India’s Seasonal Buying Ends
ShareCast reported that oil benchmarks began trading marginally up in Asia on Tuesday, while gold took a dip following the end of India's seasonal gold buying season.Continue reading...
View ArticleWildfire in Canada Spreads Closer to Oil Sands
Mining.com reported that a massive wildfire has spread in northern Alberta and has spread into the oil sands area, severely impacting the production.Continue reading...
View ArticleUS Crude Oil Price Manipulation Lawsuit Settled for $16.5 Million
Reuters reported that a $16.5 million settlement has been reached in the US class action lawsuit accusing Arcadia Petroleum Ltd., Parnon Energy and two traders of illegally manipulating the price of...
View ArticleSaudi Arabia Raises Benchmark Crude Oil Price to Asia
Reuters reported that Saudi Arabia has raised its official selling price for benchmark Arab Light to Asia next month in response to increased demand for its crude there and because of higher...
View ArticleG7 Calls for Low-Carbon Footing from Energy Sectors by 2050, Harper Agrees
The Financial Post reported that Prime Minister Stephen Harper said that Canada's energy sector will be required transform itself to lower greenhouse gas emissions in the long term following a G7...
View ArticleCanada’s Investment in Oil Sands Falls by More than 30%
Mining.com reported that Capital investment in Canada’s oil sands has dropped by 30% since last year to hit $23 billion this year, due to about lower oil prices and stalled multibillion-dollar pipeline...
View ArticleOil Prices Gets a Boost Ahead of US Inventory Data
The Wall Street Journal reported that the oil price rose on Wednesday as the upcoming weekly US inventory data is expected to reflect a strong refiner demand for oil and consumer demand for...
View ArticleAlberta NDP Plans to Increase Carbon Fees
The Globe and Mail reported that the Alberta NDP plans to increase carbon fees and toughen its climate strategy, adding further pressure to an already struggling industry.Continue reading...
View ArticleOil Price Falls on US Inventory Data
The Wall Street Journal reported that oil prices took a negative turn Wednesday following US inventory data that showed an unexpected increase in crude supplies.Continue reading...
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