Oil & Gas News Archives

Oil companies should use some of their record profits to lower high retail fuel prices, Britain's largest trade union and its Automobile Association said on Thursday in response to Royal Dutch Shell's results.

Oil prices slid more than $2 a barrel Thursday amid economic worries and a report that U.S. crude stockpiles rose last week.

Iraq's Oil Minister Hussein al-Shahristani said Thursday he saw "no need" for OPEC nations to increase production pointing to the latest information which showed there was no shortage of oil supplies.

VANCOUVER _ Canada depends on Alberta's oil-rich economy to fuel prosperity and any shut down in the province's oil industry would be felt across the country, says Alberta Premier Ed Stelmach.

Suncor Energy Inc. has reached a new agreement with the Alberta government to pay up to 20 per cent more royalties starting in 2010.

Oil prices dropped Monday as new declines in stock markets in Asia and Europe prompted traders to sell crude futures contracts amid worries about the potential fallout from a weakening U.S. economy.

News Video _ Author James Kunstler discusses his latest book, The Long Emergency, which explores the transformation of urban society as a result of a coming global oil crisis.

Oil futures rose Friday as a rebound on Wall Street allowed investors to relinquish some of their fears of a severe economic slowdown.

News Video_ Washington Protesters Target Alberta - Oil Sands Trade Show Coverage - Aux Sable, Dow Strike Petrochemical Deal - TransAlta Responds to Report - Iran Disputes Need to Add Oil Supply...

NEW YORK _ Oil futures dropped sharply Tuesday as a dismal U.S. retail sales report confirmed a growing view among investors that the economy is slowing and that demand for energy is likely to fall. Investors who have already been selling heavily...

News video: New Canadian Production, Export Figures - Burnaby Pipeline Leak Lawsuit - AltaGas Issues Acquisition Update - Petro Rubiales Awards Contract - Talisman's North Sea Troubles - New Iraq Bidding...

Breaking News Video: Oilpatch Consolidation - TransCanada Wins Contract - NuVista, Rider Merge - Newalta '08 Spending - Canetic Special Dist. - New Alberta Land Policy - Carbon Tax Tabled - Talisman Closure - Connacher Increases Capacity...

Oil prices fell Monday as a report of growing unemployment in the United States raised concerns of an economic downturn that could curb oil demand.

News video - Q4 Rig Count - Talisman Workers Injured - Oil Prices Fall - Shawcor Wins Deep Panuke Contract - Tristone Capital Expands Coverage - Ivanhoe New Exploration - PetroChina Stock Rating Changes...

VIENNA, Austria _ Oil prices edged up Thursday, moving closer to the record US$100 a barrel that was reached briefly a day earlier on escalating violence in Nigeria, a weaker U.S. dollar and a view that global ...

Oil prices jumped sharply Wednesday, setting a new trading record and once again approaching US$100 a barrel on supply concerns sparked by renewed violence in Nigeria and a warning that OPEC may not be able to meet its share of global oil demand by 2024.

SINGAPORE - Oil prices rose Wednesday amid expectations a midweek report will show U.S. crude stockpiles fell last week to post the seventh straight decline in inventories for the world's largest energy ...