U.S. Crude Hits $75 as Oil Supply Risks Mount
U.S. crude oil prices rose above $75 a barrel for the first time since 2014 on Tuesday after Iran appeared to threaten to disrupt oil shipments from the Middle East Gulf…
Oil Climbs on Libya Force Majeure, Canada Outage
Libyan disruption cuts 850,000 bpd of oil from market; Canada outage drains U.S. crude, product inventories. Oil prices rose on Tuesday after Libya declared force majeure on some of its crude exports…
Oil Falls as OPEC Output Rises
Brent crude fell Monday as supplies from Saudi Arabia and Russia rose while economic growth stumbled in Asia amid escalating trade disputes with the United States. At the same time, U.S.
Suncor to Apply to Build New Oil Sands Project
Suncor Energy Inc , Canada's largest oil and gas producer, said on Monday it plans to submit an application to regulators for a new thermal oil sands project later this year…
Workers Return to Alberta Oil Sands after Fire
The "vast majority" of workers at Syncrude's oil sands plant in northern Alberta had returned to work on Wednesday after a fire the previous day, said a company spokesman…
Canadian Natural Resources: 2017 production to rise 6 pct
Canadian Natural Resources Ltd said on Thursday that it expected production to rise by 6 percent and set its 2017 capital budget at C$3.89 billion ($2.92 billion), a slight increase from last year.
Canada's Q3 Capacity Utilization sees Record Increase
Canada's industrial capacity saw its biggest gain on record in the third quarter as oil and gas production resumed following wildfires in northern Alberta, data from Statistics Canada showed on Thursday.
Imperial Oil Posts Loss Due to Impact of Alberta Wildfires
Imperial Oil Ltd, Canada's No.2 integrated oil producer and refiner, reported a quarterly loss due to the impact of wildfires in Fort McMurray, Alberta. Imperial, in which…
Oil Falls on Oversupply Concerns
Brent, WTI still on track for first weekly gain in 3 weeks; Nigeria, Canada production ramping up. Oil prices eased on Friday as the market's focus returned to oversupply…
ConocoPhillips Says 73% of Wells at Surmont Project Online
ConocoPhillips said on Wednesday that 73 percent of wells at its Surmont oil sands project in northern Alberta are back in production or injecting steam, with no unexpected…
Eight Alberta Oil Work Camps Reopening
Authorities in Canada have announced the reopening of eight shuttered work camps south of the wildfire-ravaged oil town of Fort McMurray, paving the way for energy firms to restart production.
Milder Weather Welcomed in Canada's Fire-stricken Energy Heartland
Firefighters battling a massive blaze in Canada's energy heartland could see a second day of rainfall and winds on Friday, expected to beat flames back from key oil sands facilities…
Latest Evacuations Threaten Oil Sands Restart
The sudden surge north of the massive wildfire burning in Canada's oil sands region has dealt a new setback to producers, triggering a second round of evacuations and threatening…
Canadian Oil Exports Drop, Supply Hunt on Amid Wildfires
In a sign the massive Alberta wildfire is taking a toll on oil transport, Canadian crude exports to the United States dropped 12 percent last week, while another blend of…
Canada Producers Disrupted as Wildfire Shifts
Canadian energy producers were hit with fresh disruptions on Tuesday after a massive wildfire burning around the oil sands hub of Fort McMurray, Alberta, shifted north, forcing the evacuation of about 4…
Connacher Files for Creditor Protection
Junior oil sands producer Connacher Oil and Gas Ltd filed for protection from creditors at an Alberta court on Monday, making it the latest Canadian victim of the two-year slump in global crude prices.
Canada Oil Prices Ease as Wildfire Moves Away from Oil Sands
Canadian crude prices slipped on Tuesday as oil companies moved towards restarting output and assessing damage as the raging wildfire in northern Alberta shifted direction away from key production facilities.
Canadian Oil Prices Jump as Traders Brace for Supply Constraint
Canadian crude prices climbed further on Monday as a raging wildfire in northern Alberta entered a second week and traders braced for possible supply constraints as the…
Statoil Suspends Production at Leismer Oil Sands Project
Statoil ASA is suspending all production at its Leismer oil sands project in northern Alberta due to a massive wildfire that destroyed parts of nearby Fort McMurray, the company said on Monday.
Canada: Oil Facilities Largely Okay, Restart a Challenge
The mass evacuation of residents from the wildfire-devastated Canadian oil town of Fort McMurray is likely to significantly delay the restart of production, even though…
