Focus on Oil
US oilfield firms slash prices as mega-mergers shrink customer base
A wave of mega-mergers among oil producers is forcing the US service companies to slash their prices, merge, or risk bankruptcy
Russia considering ban on diesel exports, Kommersant reports
The Russian government is considering a ban on exports of diesel due to rising domestic prices, the Kommersant daily reported on Wednesday
Britain’s Labour government must ‘make up lost ground’ to hit UK climate goals: CCC
The UK’s new Labour government must urgently reinstate the net-zero plans shelved by its predecessor in order to “limit the damage” caused by Conservative policy...
Canadian oil output steady amid growing wildfire threat, Goldman Sachs says
Production is currently in line with expectations, although the worst of the wildfire season is likely yet to come.
CN Rail fined $8M for crude oil spills related to 2015 train derailments
CN Railway fined $8M for 2015 derailments releasing 3.6M liters of oil into Ontario’s environment, violating the federal Fisheries Act.
Canada’s Trans Mountain Pipeline weighs debt deal ahead of potential sale: report
Trans Mountain plans bond market refinancing to manage its C$25.3 billion debt ahead of the Canadian government's sale of the pipeline.
Climate-related extreme weather puts oil and gas assets, production at risk
The oil and gas sector, like all industries, is exposed to climate risk from events like fires and extreme weather
