Energy firms are cutting back development of Canadian oil sands, the world’s biggest energy reserves outside Saudi Arabia, as crude prices plunge and processing costs become prohibitive. For full story, click here
Continue reading "Oil-Sands Spending to decline 20%"
Monday, September 1, 2008
Iran is finally shipping the last load of heavy oil stored in Persian Gulf to the Suez Canal for delivery to buyers, as reported by an oil ministry official. An official was quoted as saying: Most of it (crude) is gone. In Khark Island, we have no oil left. The last of it is in a [...]
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Tuesday, November 11, 2008