Forecast
News
November 23, 2015
Canada’s oil sands are about to be put on a carbon diet as the country strives to overcome the “dirty oil” label used by President Barack Obama in rejecting the Keystone XL pipeline.
News
November 23, 2015
Oil fell after briefly climbing on Saudi Arabia’s repeated pledge to work with OPEC and other producers to stabilize global oil markets.
News
November 23, 2015
Hedge funds are betting OPEC won’t do anything next month to keep crude oil above $40/bbl.
News
November 23, 2015
The number of Norwegian offshore vessels with nothing to do has gone from zero to 100 in just a year. And the woes are far from over, the industry’s top lobbyist said.
News
November 20, 2015
Oil below $50 has made more than two out of three investment projects on the continent non-viable.
News
November 20, 2015
The cost-cutting campaign among European energy companies is paying off: Investors are buying up their shares even as oil prices drop.
News
November 19, 2015
Canada plans to outline changes to pipeline reviews in the coming weeks and months as the Liberal government seeks to restore confidence in its regulators.
News
November 18, 2015
Oil rose from the lowest close in more than two months as U.S. industry data showed crude supplies fell in the world’s biggest consumer.
News
November 17, 2015
Oil tycoon T. Boone Pickens reversed course in the third-quarter by slimming down his energy holdings and selling several companies he’d bought just three months earlier as the worst crude market downturn in decades drags on.
News
November 10, 2015
Anadarko Petroleum Corp. approached Apache Corp. about a combination that would be the largest for an independent U.S. oil and gas producer this year and would create an explorer that pumps more crude than OPEC member Ecuador.
News
November 06, 2015
U.S. crude explorers pulled back drilling rigs for a 10th straight week as conviction grows that the worst oil downturn in decades is nearing its bottom.
News
November 05, 2015
In a record downturn for the oil industry, cash is everything to companies and dividends are everything to their investors.
News
November 04, 2015
Mexico isn’t breaking up with U.S. oil refiners, but it sure seems like it wants to see other people.
News
November 04, 2015
An unusually high number of rigs are competing for a Det Norske Oljeselskap ASA drilling contract on the Alvheim oil field in the North Sea, an illustration of how companies are desperate for business as producers slash spending amid a crude-price slump.
News
November 02, 2015
Crude declined from its highest closing level in two weeks as a measure of manufacturing activity signaled contraction for a third straight month in China, the world’s second-biggest oil consumer.
News
October 30, 2015
Iran may roil global oil markets with plans to sell about 45 MMbbl of fuel stored in tankers in the Persian Gulf within three months of the removal of sanctions on its economy, according to analysts.
News
October 30, 2015
Chevron Corp. said its cutting about 10% of its workforce and scaled back its long-term production target amid the worst oil-market slump since the 1980s, even as the company posted third-quarter profit that surpassed analysts’ expectations.
News
October 30, 2015
Husky Energy Inc. plans to keep cutting jobs after eliminating 1,400 positions, the most disclosed by a Canadian energy company in the oil-price slump.
News
October 28, 2015
The decline in international oil prices handed Petroleos Mexicanos its biggest quarterly loss in company history.
News
October 28, 2015
The biggest oil explorers to post earnings so far are bracing for another year of deep spending cuts as the slump in energy markets shows no signs of abating.
News
October 28, 2015
Hess Corp. plans to cut spending by about 27% next year after its oil and natural gas business lost more than $2 million a day during the third quarter.
