Asian shares rose to fresh seven-month highs on Wednesday as investors cheered signs of progress in U.S.-China trade talks and brisk economic data, while oil approached the key $70 per barrel mark. 275 more words
CALGARY — Cenovus Energy Inc. has tripled its contracted space on the proposed Keystone XL pipeline, but remains concerned by reports that suspected foreign influences are using social media to constrain new pipeline projects in the country. 676 more words
- Both U.S. and Brent crude futures slipped.
- In the United States, energy firms last week increased the number of oil rigs operating for the second time in three weeks, a weekly report by Baker Hughes said on Friday.
The shale boom has created a world awash with crude, putting a lid on prices and markedly reducing U.S. dependence on imported energy. But there’s a growing problem: America is producing the wrong kind of oil. 854 more words
In their quest to make one of the most expensive methods of producing crude more profitable, Canada’s oilsands companies have been ramping up efforts to get their peanut-butter-like bitumen to flow through pipelines more easily and cheaply. 631 more words