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Mar 12, 2019 · The majors are making more money now with oil in the $60s than they were when oil traded above $100 prior to 2014. The world’s eight largest integrated oil and gas companies spent $118 billion ...
Feb 11, 2022 · The Energy Information Administration, for instance, recently projected that U.S. crude oil production should rise to 12 million bpd this year and 12.6 million bpd—a record-high—in 2023. At ...
Jan 24, 2024 · 1 day Oil Prices Climb on a U.S. Inventory Draw and Inflation Optimism 1 day China’s Coal Country to Boost Output 2 days Texas Freeport LNG Reportedly Operating At Full Capacity
Feb 27, 2024 · The Red Sea shipping crisis and OPEC+ output cuts have tightened oil markets. U.S. benchmark oil prices are also supported by higher demand for American crude in Europe due to the Red Sea ...
Apr 23, 2019 · Breaking News: Oil Jumps on Significant Crude Inventory Draw ... Canada’s oil industry survived the 2014 oil price crisis only to face a pipeline capacity shortage that has forced non-integrated ...
May 17, 2024 · The price of oil is set in the global marketplace. Oil is traded globally and can move from one market to another easily by ship, pipeline, or barge. As a result, the supply/demand balance determines the price for crude oil around the world. Prices vary globally to reflect the cost of transporting crude oil to that market and the quality ...
Western Canadian Select (WCS) and West Texas Intermediate (WTI) Crude Prices. WCS is among the cheapest crude oils in the world. On average, WCS traded with a discount of US$17.2 relative to the WTI. In November 2018, WCS discount relative to WTI reached a record of US$46/bbl. This significant discount pushed the Alberta provincial government ...
