A Joint Review Panel may have recommended that Canada's federal government approve the Northern Gateway Project, but British Columbians have not been so accepting of the pipeline. On Saturday, residents of Kitimat voted against Enbridge’s project in a non-binding plebiscite.
Articles Tagged "Oil Articles"
Galveston Bay in Texas has averaged 285 oil spills per year since the late 90s, but the one that took place last month garnered extra media attention as the first one over 10,000 gallons in three years and the second-biggest spill off the coast of Texas since 1998.
Brent crude gained on Friday, but was down for the week. Meanwhile, the International Energy Agency increased its estimate for 2014 oil demand.
On Tuesday, crude oil lost 1.39% as concerns over a slowdown in China and rising U.S. stockpiles weighed on the price. Because of these circumstances, light crude declined below the psychological barrier of $100 per barrel for the first time since mid-February
In the absence of pipelines, US oil producers transport their wares on "virtual pipelines," about 200 train lines that accommodate oil trains of up to 100 tank cars.
How applying new technologies to old oil fields has changed America.
February 12 to April 22 is crude oil's seasonal "sweet spot." Here are two ETFs worth taking a look at the market enters that period.
Keith Schaefer, editor and publisher of Oil & Gas Investments Bulletin, has built an impressive track record of foreseeing structural changes in the energy industry. Schaefer knows when to take or refuse opportunities in the volatile ethanol industry, as he demonstrates in this interview with The Energy Report. And he knows how to bide his time while waiting for catalytic moments—the singular events that can make all the difference between survival and extinction for a junior oil and gas company struggling to raise above the fray in the fracking fields.
Demand and production increases are common themes in the outlook for oil in 2014.
Colombia, once the domain of guerillas and drug traffickers, has opened up to investment and is now poised to add reserves through an aggressive exploration program, having recently surpassed 1 million barrels a day.