The tar-like crude trades at a discount to lighter varieties. That wasn’t a problem in July, when benchmark oil prices climbed above $147 a barrel, but after prices slid by more than $100 a barrel in the months that followed, some heavy oil producers are beginning to feel squeezed. For full story, click here
Producing heavy oil in Canada, much of which comes from the big oil sands deposits of northern Alberta, is a tough business and it’s getting tougher. For full story, click here
Petroleo Brasileiro SA, Brazil’s state-controlled oil company, said the offshore pre-salt oil fields, including Tupi, the largest discovery in the Americas since 1976, remain viable even after crude prices plunged. For full story, click here
Genuity Capital lowered its commodity price assumptions and price targets on six oil sands stocks, citing a further deterioration in oil and natural gas prices caused by the continued negative economic environment. For full story, click here
Petroleo Brasileiro SA, Brazil’s state-controlled oil company, said the offshore pre-salt oil fields, including Tupi, the largest discovery in the Americas since 1976, remain viable even after crude prices plunged. 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
Here’s the threshold below which production from the extra heavy oil sand in Canada would not give a satisfactory return on Investment. For full story, click here
Connacher said that prices are so low it can no longer cover its costs and is unwilling to keep pumping out its reserves at a loss. For full story, click here
Producing heavy oil in Canada, much of which comes from the big oil sands deposits of northern Alberta, is a tough business and it’s getting tougher. For full story, click here
Dollar 90 per barrel is about the threshold below which production from the extra heavy oil sand in Canada would not give a satisfactory Return on Investment. For full story, click here
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