Thursday, 6 February 2025

Focus on Oil

FILE PHOTO: Scott Sheffield, CEO of Pioneer Resources, speaks during the IHS CERAWeek 2015 energy conference in Houston, Texas April 21, 2015.  REUTERS/Daniel Kramer/File Photo
AnalysisBusinessEconomyIn-DepthOilPolitics

U.S. oil executive censure puts spotlight on shale-OPEC meetings

A U.S. regulator's censure of a top U.S. oil executive over private meetings with the Organization of the Petroleum Exporting Countries (OPEC) group...

Fuel retailer Parkland Corp. says the 157 Canadian fuel and convenience store locations it has put up for sale are generating a great deal of interest from prospective buyers. A person prepares to fill up at a gas station in Mississauga, Ont., Tuesday, Feb. 13, 2024. THE CANADIAN PRESS/Christopher Katsarov
AutomotiveBusinessFuelNewsOilTransport

Parkland: Lots of buyer interest in fuel, convenience store locations

Fuel retailer Parkland Corp. said Thursday the 157 Canadian fuel and convenience store locations it has put up for sale are generating a...

da's latest greenhouse gas emissions report shows progress toward meeting its next target in 2030 but there is still a very long way to go. A man fills up his truck with gas in Toronto, on Monday, April 1, 2019. THE CANADIAN PRESS/Christopher Katsarov
ClimateCoalElectricityEmissionsNatural GasNewsOilPoliticsTransport

Latest national emissions report shows signs of progress toward Canada’s 2030 goal

Canada's latest greenhouse-gas emissions report shows the country making progress toward meeting its next target in 2030, but there is still a very...

FILE PHOTO: A mural of the image with "Super Bigote" (Super Mustache) superhero inspired by Venezuelan President Nicolas Maduro is pictured in Caracas, Venezuela April 17, 2024. REUTERS/Leonardo Fernandez Viloria/File Photo
EconomyElectionsNewsOilPolitics

Venezuela looks to increase tax take after renewed sanctions, ahead of election

The Venezuelan government is aiming to make up for the return of U.S. oil sanctions by raising tax revenues so it can increase...

The Canadian Natural Resources logo is shown at the company's annual meeting in Calgary, Thursday, May 4, 2017. THE CANADIAN PRESS/Jeff McIntosh
BusinessFinanceNatural GasNewsOil

Canadian Natural Resources sees path to hike Horizon oilsands output by 76%

Canadian Natural Resources Ltd. said it believes the output of its Horizon oilsands mine could be increased by 195,000 barrels per day of...

FILE PHOTO: A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk/File Photo
NewsOilPoliticsTrade

Russia is shipping oil to North Korea above mandated levels – US official

US poised to initiate new sanctions as Russian oil is reportedly sent to North Korea far in excess of UN limits, according to...

FILE PHOTO: ExxonMobil and Pioneer Natural Resources logos are seen in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNewsOil

Exxon-Pioneer deal greenlit by US FTC, Pioneer exec barred from board

Pioneer CEO Scott Sheffield prevented from taking a seat on the board of Exxon Mobil by FTC order.

The logo of American oil and natural gas exploration and production company ConocoPhillips is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/ File Photo
BusinessNewsOil

ConocoPhillips misses Q1 profit estimates

Milder-than-expected winter that hurt demand for fuel sees ConocoPhillips Q1 profits falling below expectations.

FILE PHOTO: A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeger/File Photo
BusinessNewsOil

OPEC+ could extend oil cuts, formal talks yet to start, sources say

OPEC+ has implemented a series of output cuts since late 2022, which could continue if demand fails to pick up.

Shell's earnings fell as gas prices dropped (AFP)
BusinessNewsOil

Shell logs ‘strong’ quarter as earnings fall but top expectations

The energy major insisted it remained on track to become a net zero company by 2050, but its results sparked fresh anger from...

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