Suncor Energy Inc. declared that production at its oil sands facility during July averaged approximately 304,000 barrels per day (bpd). Year-to-date oil sands production at the end of July averaged approximately 292,000 bpd. Suncor is targeting average oil sands production of 300,000 bpd (+5%/-10%) in 2009. For full story, click here
China will eliminate outdated refining capacity over the next few years in order to promote an industry upgrade, the National Development and Reform Commission declared over the weekend. For full story, click here
Seeing beyond the blind curves of bailouts and meltdowns takes the keen vision of a veteran market observer, Roger Wiegand, Editor of Trader Tracks gives us his latest thoughts on the bumpy road ahead and where he sees opportunities in the energy sector. For full story, click here
Extraction and refining of heavy oil from Canada’s oil sands threatens to kill as many as 166 million migratory birds over the next 30 to 50 years, according to a report released. For full story, click here
Venezuelan President Hugo Chavez plans to enter into a strategic alliance with Russia aimed at developing his country’s oil industry, according to a senior government minister. For full story, click here
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