Oil prices rose on Friday by well over one per cent after reports of a drop in Libyan production and OPEC’s Energy Minister Khalid al-Falih (left) said, while in India, “the oil markets, its clear, [Read more]
Encana RAB Davidson is spread over 16 acres and is made up of over 1 million pounds of drilling rigs, bulldozers, tanker trucks and other oilfield equipment. Encana photo. “Cube development” by Encana taps multiple [Read more]
US oil prices rose nearly two per cent on Thursday after US Energy Information Administration data showed US crude stocks fell by 1.6 million barrels last week. Phillips 66 photo. Oil prices rally on Thursday [Read more]
In their scholarly article published in Trends in Cognitive Sciences, Jay J. Van Bavel and Andrea Pereira focus on the role of ideology and political partisanship in the United States, but many of the same arguments [Read more]
BNI Energy Savings Program sees expanded funding, additional rebates and process improvements. Shutterstock photo by Tyler McKay. Notley government boosts benefits of BNI Energy Savings Program On Wednesday, the Alberta government introduced changes to the [Read more]
Last November, Elon Musk unveiled the Tesla Semi, an electric heavy duty truck that the upstart automaker said would be in production and set for delivery by 2019. Daimler AG is doubtful that Tesla can [Read more]
“The impacts and benefits of the Trans Mountain expansion project reach beyond the borders of any single province. It stands to benefit Canadians across the country, just as the existing Trans Mountain pipeline has done [Read more]
Oil prices were down slightly in trading on Wednesday as the US dollar recovered from last week’s three-year lows and expectations that US crude stocks rose again last week. Repsol photo. US dollar a “trading [Read more]
OPEC data shows oil inventories in developed OECD economies are now 74 million barrels over their five-year average. In January 2017, crude stocks were 340 million barrels over the five-year average. Financial Tribune photo. Participants [Read more]
The Toyota EV motor magnet will use lanthanum and cerium which are cheaper than neodymium, demand of which is expected to exceed supply after 2025. Toyota EV magnet development expected to be in use in [Read more]
Luis Almagro, head of the Organization of American States, says Venezuelan sanctions targeting oil industry would be in response to the South American country’s repressive political climate. El Comercio photo. Proposed Venezuelan sanctions on oil [Read more]
Oil prices were mixed on Tuesday with Brent slightly down and US WTI up by over 1 per cent. The discount between the two futures contracts is now at a six-month low. Statoil photo. Canadian [Read more]
US refiners exported more than 1.1 billion barrels of finished petroleum products in the first 11 months of 2017, an increase of almost 12 per cent compared with the same period in 2016. Valero photo. [Read more]
Oil prices rise, but concerns over higher US production tempered Monday gains. Apache photo. Oil prices rise as border incidents in Syria bring Israel and Iran closer to direct confrontation Oil prices rose slightly in [Read more]
Strong fundamentals have discouraged aggressive short-selling and convinced many managers of hedge funds to retain (most of) their existing long positions despite the recent pull back in crude prices. Apache photo. Hedge funds hold over [Read more]
A Russian self driving car took on icy roads during recent snowstorm to gather data to help autonomous vehicles travel in wintery conditions. Getty Images photo by Mikhail Svetlov. Russian self driving car test part of [Read more]
Last year, Enbridge identified non-core assets worth US$8 billion that it could sell to reduce its debt load. Enbridge accumulated more debt in merger with Spectra Energy in February 2017 The Globe and Mail reports [Read more]
Oil prices rose on Friday. Benchmark Brent was on track to end the week up over 3 per cent after a drop of over 8 per cent last week. Oil prices up as US dollar [Read more]
Harsh winter conditions as well as Canadian railways’ recent volume growth have stranded some Alberta oil shipments. CP Rail photo. Stranded Alberta oil shipments have led to plummeting crude prices Bloomberg reports a shortage of [Read more]
Trump offshore drilling plan announced in late January would see federal waters off nearly every state opened to oil and gas drilling. Getty Images photo by David McNew. Trump offshore drilling plan not “in the [Read more]
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