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CALGARY, Alberta/LINCOLN, Neb. (Reuters) - A major oil spill on the Keystone pipeline in South Dakota helped push U.S. crude prices higher on Friday, while fueling opposition to another pipeline project by owner TransCanada Corp that faces a crunch decision in Nebraska next week. The climb in U.S crude futures and slide in Canadian heavy crude prices, as well as TransCanada Corp shares, came the day after the 5,000 barrel spill, tied for this year's largest pipeline leak in the United States. No date has been set for reopening Keystone, TransCanada said, adding that a media report that had identified a restart date was incorrect.
Energy stocks are finally starting to improve, but is this signaling an end to the multi-year malaise or is it just another trick? Read Sheraz Mian's breakdown of the sector.
Most of the world’s commodity trading is denominated in U.S. dollars, but the Chinese yuan, also known as renminbi, threatens to make some inroads.
Venezuela's crude exports to the United States recovered in October from the previous month but were still the third lowest in 2017, according to Thomson Reuters trade flows data. The South American country sent 541,130 barrels per day (bpd) to customers in the United States in October, 11 percent more than September, as a result of greater volumes of diluted crude and upgraded oil from the country's Orinoco Belt region. Sanctions imposed by the United States on Venezuela and its state-run company PDVSA have contributed to weaker exports this year.
Investing.com – Gold prices rose sharply on Friday amid an uptick in geopolitical uncertainty after North Korea ruled out negotiations with Washington on curbing its nuclear weapons programme.
Categories: Europe Value Analsysis Yahoo FinanceClick here to see latest analysis Capitalcube gives Faroe Petroleum Plc a score of 28. Our analysis is based on comparing Faroe Petroleum Plc with the following peers – Regal Petroleum plc, Cabot Energy Plc, Premier Oil plc, JKX Oil & Gas plc, SOCO International plc, Serica Energy PLC, Cairn Energy Plc, EnQuest PLC, Amryt ... Read more (Read more...)
The Organization of the Petroleum Exporting Countries and its oil-producing allies are widely expected to extend their production-cut agreement when they meet later this month, but deciding on when to ...
CALGARY, Alberta/LINCOLN, Nebraska Nov 17 (Reuters) - C anadian heavy crude prices and TransCanada Corp shares slid on Friday, the day after the Keystone pipeline spilled 5,000 barrels of oil in South Dakota as officials in Nebraska mulled whether to approve another pipeline proposed by the company. It was unclear when exports could resume on Keystone, and the leak gave ammunition to environmental groups and other U.S. opponents of another pipeline proposed by TransCanada, the long-delayed Keystone XL.
A drop in Venezuela's critical energy imports has some analysts worried state oil giant PDVSA is struggling to fund its operations.
Chinese crude oil inventories have fallen for the first time in over a year due to lower imports and higher processing rates at local refineries
The correlation coefficient between crude oil prices and Patterson-UTI Energy (PTEN) from November 14, 2016, to November 14, 2017, was 0.63.
Canada's main stock index rose on Friday as higher commodity prices helped resource shares, but losses from earlier in the week meant the index ended the week lower than it started it for the first time in more than two months. The Toronto Stock Exchange's S&P/TSX composite index ended up 63.20 points, or 0.40 percent, at 15,998.57. It lost 0.25 percent over the course of the week.
India's imports of African crude oil in October plunged to their lowest in over four years, with the world's No.3 oil consumer increasingly turning to cheaper supplies from the United States and heavier Middle Eastern grades, ship tracking data showed. U.S. crude production has soared more than 14 percent since mid-2016 to 9.65 million barrels per day (bpd), altering trade routes as its relatively cheap and light grades become a viable import option for Asian refiners. "Earlier in Asia, West African oil was competing with Middle East grades, but now it has a new competitor: the U.S.," said Ehsan Ul-Haq, director of crude oil and refined products at consultancy Resource Economist.
MUMBAI/NEW DELHI (Reuters) - India's state oil refiners are planning an aggressive push into natural gas in coming years to meet Prime Minister Narendra Modi's goal of making the fuel a bigger part of the country's energy mix. State-owned oil companies - Indian Oil, Bharat Petroleum and Hindustan Petroleum - are planning to raise gas contributions to between 5 and 15 percent of their incomes over the next few years, up from nearly none now, company executives said. This in line with a government target to raise the natural gas portion of India's primary energy mix to 15 percent by 2030, up from 6.5 percent now, to help meet climate targets and rein in rampant pollution.
(Corrects company official's title in paragraph 2) KUALA LUMPUR, Nov 16 (Reuters) - Sime Darby Bhd, the world's largest oil palm planter by land size, sees crude palm oil prices holding at 2,600 ringgit ...
MELBOURNE/SINGAPORE (Reuters) - Takeover interest in Australia's Santos (STO.AX), a company that not long ago was drowning in debt, shines a spotlight on a burgeoning hotspot for oil and gas producers: Papua New Guinea. The South Pacific nation, one of the world's least explored countries but known for corruption and violence, has become a key source of growth for two of the world's biggest energy companies - ExxonMobil Corp (XOM.N) and Total SA (TOTF.PA) - looking to expand their liquefied natural gas (LNG) businesses. With oil (LCOc1) and gas (LNG-AS) prices recovering this year and LNG demand especially in China skyrocketing, investors are scouring the globe for juicy investments, and Papua New Guinea has landed on their radar.
Takeover interest in Australia's Santos, a company that not long ago was drowning in debt, shines a spotlight on a burgeoning hotspot for oil and gas producers: Papua New Guinea. The South Pacific nation, ...
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures rose on Thursday after five consecutive sessions of declines ...
After three years of naivety, oil markets now see the geopolitical risk premium go up significantly as tensions in the Middle East spike
Crews are responding to an oil spill along the Keystone pipeline route in Amherst, South Dakota, according to TransCanada, the company that operates the pipeline. At least 210,000 gallons of crude oil derived from oil sands—a thicker, sticker type of oil than conventional crude—spilled from the pipeline into an agricultural area, according to South Dakota’s…
Sunset Pacific Petroleum Ltd (TSXV:SPK), a CADCA$1.48M small-cap, operates in the oil and gas industry which has endured a continued decline in oil prices since 2014. However, energy-sector analysts areRead More...