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energy and resources
Oil falls nearly 2% on U.S. debt deal struggles, OPEC+ talks uncertainty
FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. REUTERS/Stringer
energy and resources
Saudi diesel imports from Russia, exports to Singapore hit records
FILE PHOTO: Surfers wait to catch a wave along a beach surrounded by tankers in Singapore January 14, 2021. REUTERS/Edgar Su
energy and resources
Oil ticks up as markets weigh U.S. debt deal, rate hike possibility
MIDLAND, TEXAS - MARCH 11: An oil pumpjack works in the Permian Basin oil field on March 11, 2022 in Midland, Texas. United States President Joe Biden imposed a ban on Russian oil, the world’s third-largest oil producer, which may mean that oil producers in the Permian Basin will need to pump more oil to meet demand. The Permian Basin is the largest petroleum-producing basin in the United States. (Photo by Joe Raedle/Getty Images)
energy and resources
Russia leaning toward leaving oil output unchanged ahead of OPEC+ meeting, sources say
FILE PHOTO: A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/File Photo
energy and resources
Oil prices rise as U.S. closes in on debt deal
Oil pumpjacks are seen along a section of Highway 33 known as the Petroleum Highway north of McKittrick in Kern County, California on September 28, 2022. - Oil prices are rising due to an unexpected drop in US crude. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)
energy and resources
Russian Deputy PM Alexander Novak says he doesn’t expect new steps from OPEC+ meeting
FILE PHOTO: Deputy Prime Minister of Russia Alexander Novak walks at the Organisation of the Petroleum Exporting Countries (OPEC) headquarters in Vienna, Austria October 5, 2022. REUTERS/Lisa Leutner
energy and resources
Oil settles lower as Russia downplays additional OPEC+ cuts
FILE - Pumpjacks work in a field near Lovington, N.M., on April 24, 2015. Land managers in one of the top oil and gas producing states in the U.S. have plugged more than 200 inactive wells on state trust lands. New Mexico officials announced Wednesday, April 19, 2023, that the cleanup costs are being shouldered by the industry as part of the State Land Office's accountability and enforcement program. (AP Photo/Charlie Riedel, File)
energy and resources
U.S. crude stockpiles post massive surprise drawdown, EIA says
FILE PHOTO: A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant
energy and resources
Oil prices gain 2% on falling U.S. stockpiles, Saudi warning
An array of pumpjacks operate Thursday, July 7, 2022, in Odessa, Texas. (Eli Hartman/Odessa American via AP)
energy and resources
Saudi Arabia warns speculators of more pain as OPEC+ meeting looms
FILE PHOTO: Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks at the Future Investment Initiative conference, in Riyadh, Saudi Arabia, October 25, 2022. REUTERS/ Ahmed Yosri/File Photo
energy and resources
Oil prices rise after Saudi Arabia warns short-sellers
FILE - A flare burns off methane and other hydrocarbons as oil pumpjacks operate in the Permian Basin in Midland, Texas, Tuesday, Oct. 12, 2021. Under the Biden administration's Inflation Reduction Act, companies must start producing precise measurements of their methane emissions next year or face fines. (AP Photo/David Goldman, File)
energy and resources
Oil rises 1 per cent as supplies shrink, demand seen higher
FILE - In this April 24, 2015, file photo, pumpjacks work in a field in the Permian Basin near Lovington, N.M. Top officials with the largest Native American tribe in the United States are renewing a request for congressional leaders to hold a field hearing before deciding on federal legislation aimed at limiting oil and gas development around Chaco Culture National Historical Park. The Navajo Nation has struggled for years with high poverty rates and joblessness, and the tribe’s legislative leaders say individual Navajo allottees stand to lose an important source of income if a 10-mile buffer is created around the park. (AP Photo/Charlie Riedel, File)
report on business
Gas prices could rise for long weekend and into summer amid fires, economic worries
Experts say a shifting group of factors including wildfires in Alberta, a slowing economy and potential pressures on supply will all have an effect on gas prices as the long weekend heralds the start of the summer. A person pumps fuel in Toronto on Wednesday, September 12, 2012. THE CANADIAN PRESS/Michelle Siu
international business
New Mexico’s oil output gains top Texas in 2022, delivering half of U.S. growth
FILE PHOTO: Drilling rigs operate in the Permian Basin oil and natural gas production area in Lea County, New Mexico, U.S., February 10, 2019. Picture taken February 10, 2019. REUTERS/Nick Oxford/File Photo
report on business
Judge not inclined to shut down pipeline, pleads with Wisconsin tribe to work with oil company
Fresh nuts, bolts and fittings are ready to be added to the east leg of the pipeline near St. Ignace as Enbridge prepares to test the east and west sides of the Line 5 pipeline under the Straits of Mackinac in Mackinaw City, Mich. on June 8, 2017. North America’s existential debate about the virtues and dangers of oil and gas pipelines faces a critical test today in Wisconsin. THE CANADIAN PRESS/AP, Detroit News, Dale G Young
energy and resources
Oil slips as debt talks pause, Fed warns of high inflation
FILE - In this April 24, 2015, file photo, pumpjacks work in a field in the Permian Basin near Lovington, N.M. Top officials with the largest Native American tribe in the United States are renewing a request for congressional leaders to hold a field hearing before deciding on federal legislation aimed at limiting oil and gas development around Chaco Culture National Historical Park. The Navajo Nation has struggled for years with high poverty rates and joblessness, and the tribe’s legislative leaders say individual Navajo allottees stand to lose an important source of income if a 10-mile buffer is created around the park. (AP Photo/Charlie Riedel, File)
energy and resources
Oil prices settle down 1 per cent as strong U.S. data boosts dollar
FILE - In this April 24, 2015, file photo, pumpjacks work in a field in the Permian Basin near Lovington, N.M. Top officials with the largest Native American tribe in the United States are renewing a request for congressional leaders to hold a field hearing before deciding on federal legislation aimed at limiting oil and gas development around Chaco Culture National Historical Park. The Navajo Nation has struggled for years with high poverty rates and joblessness, and the tribe’s legislative leaders say individual Navajo allottees stand to lose an important source of income if a 10-mile buffer is created around the park. (AP Photo/Charlie Riedel, File)
international business
U.S. crude stockpiles soar amid SPR release; gasoline draws down on strong demand, EIA reports
FILE PHOTO: The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. REUTERS/Angus Mordant
report on business
Alberta oil sands May production under wildfire threat, Rystad Energy says
Hot and dry conditions are expected to continue as wildfires throughout western Canada have forced thousands of evacuations and air quality warnings due to smoke as far east as northern Ontario.The Bald Mountain Wildfire is shown in the Grande Prairie Forest Area on Friday May 12, 2023 this handout image provided by the Government of Alberta. THE CANADIAN PRESS/HO-Government of Alberta Fire Service **MANDATORY CREDIT **
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Scotia analyst’s top picks in the yield-heavy energy infrastructure sector
Wind turbines that make up a part of the Boralex Wind Farm in Lincoln Township, Niagara Peninsula in Ontario on Tuesday, July 17, 2018.