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  • Oilprice.com5 hours ago

    OPEC Out Of Moves As Goldman Sachs Expects Another Oil Glut In 2018

    Despite having taken more than 1 million barrels per day off the oil market, OPEC has not succeeded in reversing a bearish trend for inventories

  • Reuters5 hours ago

    Canada federal budget grants aid for Alberta 'orphan' oil wells

    The oil-rich Canadian province of Alberta has obtained federal aid to help clean up the rising number of oil wells whose owners have gone bankrupt, the province's premier said after the release of the federal budget on Wednesday. The budget allocated C$30 million to Alberta to stimulate economic activity and employment in the resource sector, which Premier Rachel Notley said will be used to clean up the so-called "orphan" wells that are normally a provincial responsibility. The number of so-called orphan wells in Canada spiked after the 2014 oil price crash as layoffs swept the oil patch and companies went bankrupt.

  • Reuters7 hours ago

    Colombia to produce 95 mln tonnes of coal in 2017 - vice-minister

    Colombia could produce at least 95 million tonnes of coal in 2017, below an initial target of 102 million tonnes, the mining vice-minister said on Wednesday. "The country's great potential in coal is reflected in the close to 6 billion tonnes of reserves and a potential of 16 billion tonnes," Carlos Cante, vice-minister of mining and energy, told a coal conference in the Caribbean city of Cartagena.