- Oil price loses steam despite Alberta wildfires
May 05, 2016
Oil prices were volatile after two days of losses as investors weighed potential production outages in Canada against data showing another increase in US crude stocks.
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- Canada oil prices surge as fire hits Shell, Suncor output
May 05, 2016
The worst wildfire in Alberta history is boosting Canadian crude prices as oil companies evacuate workers and shut in as much as a million barrels a day of output.
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- 250 kb/d of Venezuela oil production at risk as electricity crisis and economic depression persist
May 05, 2016
Venezuela is stuck in an economic and political crisis, and its rapidly dwindling fiscal resources could start cutting into the country’s oil production.
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- RPT-China's first private-led mega-refinery planned off east coast
May 02, 2016
A private-led Chinese group is planning to build a $15 billion mega-petrochemical complex on an island near Shanghai, in what would be the country's first and largest energy installation to be built by a non-state investor, industry sources said.
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- Oil declines second day after Iraq exports approach record high
May 02, 2016
Oil fell a second day after Iraq's oil exports approached a record high in April, adding barrels to a worldwide supply glut.
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