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Shell Pares Down Canadian Operations with a $1 Billion Sale

Royal Dutch Shell said on Thursday it is selling $1.03 billion worth of non-core oil and gas properties in western Canada to Tourmaline Oil, the latest example of the global oil major trimming its operations in the region. 369 more words


China's Major Oil Producers Continue Record-Setting Output Cuts

China’s crude oil output fell 9.8% in September from a year earlier in the second-biggest year-on-year decline on record, government data showed, with major producers continuing to shut high-cost wells to rein in spending. 379 more words


Oil Prices Slip as Investors Wonder Whether OPEC Deal Will Be Enough

Oil prices slipped on Thursday as investors questioned whether an OPEC agreement to curb oil production – the group’s first such deal since 2008 – would be enough to rebalance a heavily over-supplied world market. 359 more words


OPEC Agrees to Curb Oil Output in the First Deal Since 2008

OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group’s leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. 763 more words


Saudi Arabia Reportedly Offers to Cut Oil If Iran Freezes Output

Saudi Arabia has offered to lower its own oil production if rival Iran agrees to cap its output this year, in a major compromise ahead of talks in Algeria next week, three sources familiar with the discussions told Reuters. 100 more words


ARAMCO - The awakening of a "sleeping giant"

*Reminder: [French version at the end / Version française vers la fin de la page]

This year crude oil markets are going through a turbulent process. 3,420 more words

Energy Markets

Oil Prices Slip As the Hopes for Saudi-Russian Action Wane

Oil slipped towards $47 a barrel on Tuesday, falling further from the previous session’s one-week high on receding hopes for imminent action to tackle a supply glut. 318 more words