LONDON (Reuters) – Oil prices rose on Wednesday, supported by reports of a drop in U.S. commercial crude inventories and the loss of storage capacity in Libya, but under pressure ahead of a meeting of ...

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NEW YORK (Reuters) – Oil prices rose in volatile trade Monday as this week’s OPEC meeting raised the specter of production increases and as investors assessed the impact of a trade dispute between the ...

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Enbridge Inc on Friday endorsedeither an underwater tunnel or trench to replace a section ofits 65-year-old energy pipeline that travels under a stretch ofthe U.S. Great Lakes in Michigan. Some local ...

The crude oil glut in the Permian basin is likely to persist as regional producers show no signs of slowing production, which could drive regional price seven lower, Goldman Sachs said on Friday. Whil ...

Canada’s drilling rigs went up by 27 to the current count of 139 actively drilling rigs according to data collected by Baker Hughes for the week of June 15th. From one week ago, Alberta rig counts inc ...

CALGARY, June 14, 2018 /CNW/ -Strath Resources Ltd. (“Strath”) is pleased to announce that it has reached an agreement with Paramount Resources Ltd. (“Paramount”) for the acquisition of Paramount’s as ...

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VANCOUVER, B.C. – The Company is pleased to announce the appointment of Dale Miller to the position of Chief Operating Officer, effective immediately. Mr. Miller brings over 35 years of Canadian oil a ...