Focus on Oil
Expanded Trans Mountain pipeline capacity fails to lift Canadian heavy oil price
Rather than shrinking the discount on Canadian oil versus US crude with TMX, oil prices have a wider difference than before.
Saudi Arabia’s Aramco reports lower half-year profits
Overall revenue up at $220bn, but Aramco half-year profits show a fall of $5bn since last year amid global worries.
Chevron removes personnel from Gulf of Mexico as Debby approaches
Non-essential personnel evacuated from facilities but for Chevron, Debby has not yet affected production.
Oil hovers at 8-month lows as U.S. fears offset Mideast tensions
With weak July payroll figures sparking fear of US recession, oil futures drop in trading.
New Zealand scraps clean, green policies to boost economy
Centre-right New Zealand coalition set to reverse fossil fuel exploration ban and agricultural emissions policy, with campaigners fearing for 2030 climate targets.
Petrobras’ bid for Galp’s Namibia prospect to include at least one partner: sources
Petrobras seeks a partner for its bid on a 40% stake in Namibia's Mopane oil prospect, aiming to share risk in this key...
Citgo auction pits Icahn-backed oil refiner, creditor group
Icahn and creditors battle in final bids for Citgo, aiming to claim stakes in $21.3B Venezuelan debt auction.
Imperial Oil takes $1.13bn in net income, up from $675m a year ago
Income nearly doubles in Imperial Oil Q2 results, with production up.
Exxon delivers $9.2 billion second-quarter profit, raises output target
Rising oil prices and a boost from buying Pioneer lead Exxon Mobil to bumper Q2 profits.
