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Enbridge, which wants to change the contract terms on the largest Canadian oil pipeline network, believes that Canadian producers who have opposed that change may want to stall a review…
The world’s largest oil exporter, Saudi Arabia, significantly raised its crude sales to the world’s largest oil importer, China, in 2019, boosting its exports to China by 47 percent and…
Chevron Corporation (NYSE: CVX) posted a fourth-quarter loss of $6.6 billion versus earnings of $3.7 billion for the same period of 2018, on the back of massive write-offs of $10.4…
Russian oil firm Tatneft could strike a deal with Zimbabwe to supply fuel to the crisis-stricken African country in exchange for diamonds, the Zimbabwe Independent reported on Friday, describing the…
The oil market is “troubled by both rising demand worries and rising fuel stocks,” said Ole Sloth Hansen, head of commodities strategy at Saxo Bank A/S in Copenhagen. “It’s going…
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower on Friday, however, momentum is clearly to the downside as traders continue to worry about the coronavirus’…
The Fed met this week, and there were really no surprises. They left interest rates unchanged as expected, and the statement and press conference that accompanied their decision reiterated their…
Friday January 31, 2020 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…
Market Movers The biggest thing moving the market this week continues to be the China-originating coronavirus as flight cancellations pick up momentum, cutting down massively on jet fuel demand, while…
What we’re most likely to see as anti-US and anti-Iranian protests continue to consume Iraq is a compromise that allows U.S. influence to remain under the guise of NATO, or…