Republican Donald Trump surged ahead of Democratic Presidential Candidate Kamala Harris in one of the most highly anticipated US elections in the country’s history. Trump’s reelection as the 47th US President has already triggered a bullish wave in the US stock markets, as benchmark indices like the S&P 500, Nasdaq, and Dow Jones Futures gained … Read more
The volatility of international oil markets hit home again earlier this week, as crude prices tumbled to their lowest levels in more than a year. Just a couple of weeks ago, West Texas Intermediate (WTI) prices — North America’s benchmark for crude oil — were around $75 US a barrel. This week, prices skidded to … Read more
Photo: AFP The Kingdom of Saudi Arabia’s oil export revenues fell to their lowest level in three years, due to the decline in oil prices and the Kingdom’s decision to reduce production. Citing government data, Bloomberg reported on Thursday, August 23, that the sales of crude oil and refined products fell to 66.3 billion Saudi … Read more
For the first time, Alberta’s oil and gas industry has exceeded the province’s own regulatory limit for natural gas flaring. A tally by The Canadian Press of Alberta Energy Regulator data shows oil and gas companies in the province flared approximately 754 million cubic metres of natural gas last year, exceeding the annual provincial limit … Read more
As the urban centre at the heart of Canada’s oilsands industry, Fort McMurray has seen more than its share of ups and downs. A decade and a half ago, the northern Alberta community was this country’s most famous boom town. High oil prices helped to drive unprecedented demand for the thick, viscous bitumen that lies … Read more
The Chairman of the House of Representatives Special Committee on Oil Theft, Alhassan Doguwa, announced that the House is set to introduce legislation aimed at bolstering the role of private security firms in safeguarding the nation’s oil and gas facilities. The proposed legislation will establish a comprehensive framework to regulate the activities of such security … Read more
Alberta oil production hit an all-time record in November, as oilsands companies ramped up output to prepare for the imminent completion of the Trans Mountain pipeline expansion. The Alberta Energy Regulator says crude oil production in the province rose by 8.8 per cent in November to a new historic high of 4.2 million barrels per … Read more
Suncor Energy Inc.’s share price jumped Wednesday as the company reported its fourth quarter oil output was its second-highest quarter ever. The Calgary-based company announced upstream production in the fourth quarter of 2023 of 808,000 barrels per day. With the strong fourth-quarter output, Suncor said it has met its corporate forecast provided in November 2022 … Read more
On a warm, blustery December afternoon outside the De Laurentis olive oil-producing co-op in the white hilltop town of Ostuni, Puglia, Luigi D’Amico holds out his palm, revealing an olive picked earlier in the day. Instead of resembling the plump, gleaming green and black fruit overflowing in bins around him, this one is half-consumed, dry … Read more
Petrol prices have reached their lowest levels in two years, as reported by the RAC. The notable drop in fuel costs comes as a respite for drivers who have contended with fluctuating prices and economic uncertainties. The RAC’s Fuel Watch report reveals that the average price of petrol has plummeted to levels last witnessed on … Read more
