Canada has one of the most ambitious climate commitments in the world. It is also the world’s fourth-largest oil producer, with oil revenues accounting for 5 percent of GDP. It is not an easy situation […]
ADNOC has announced an investment of nearly $1billion to extend the life of the Umm Shaif oil field which started up 60 years ago. The first oil field to be discovered in waters off Abu Dhabi, […]
(Bloomberg) -Oil was poised for a third weekly gain as demand remained resilient while supplies are frayed across the OPEC+ coalition and beyond. Futures increased again on Friday to trade near $80 a barrel in […]
(Bloomberg) –Russia failed to boost oil output last month despite a generous ramp-up quota in its OPEC+ agreement, indicating the country has deployed all of its current available production capacity. With OPEC+ meeting in two […]
ENB Publishers Note: We covered this story last year when Saudi Arabia produced their budgets for the next several years. It is clear they are not wanting to lower prices. In fact, if you look […]
Oil rose for a third straight week as demand remained resilient, while supplies are frayed across the OPEC+ coalition and beyond. West Texas Intermediate crude in New York climbed 5% this week, despite closing down 0.7% […]
Skip to sub-navigation January 4, 2022 Source: Graph by the U.S. Energy Information Administration, based on data from Refinitiv Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a […]
The West Texas Intermediate (WTI) crude oil price will be between $70 per barrel and $74.99 per barrel at the end of next year. That was the most popular response in a poll asking where […]
Europe shares advance; Chinese technology stocks retreat S&P 500 index hit 69th record close; iron ore extends the decline. Stocks in Europe advanced along with U.S. equity futures as traders evaluated the resilience of the […]
US shale expenditure is set to surge nearly 20 percent next year as the industry recovers from the unprecedented volatility caused by the Covid-19 pandemic. Expenditure will leap to a predicted $83.4 billion in 2022, […]
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