Tag: Oil

Virus in China Threatens Oil Market’s Top Source of Growth

(Bloomberg) — For the global oil market, the coronavirus epidemic couldn’t have hit a worse place.As the industry banks on strong demand growth to overcome abundant supply, China, the epicenter of the disease, has been cherished as the engine of that consumption. Last year, when it imported more oil
— Read on ca.finance.yahoo.com/news/virus-china-threatens-oil-market-102756404.html

‘Money is starting to come back:’ Investors look to Canada as shine comes off U.S. shale oil

CALGARY – Generalist investors have shunned the Canadian oil and gas sector for five long years, but experts say that could change because of a slowdown in the United States shale sector. Investors in recent months have become increasingly concerned that wells drilled in the top U.S. shale oil and gas formations have been less productive than advertised and that companies are spending too much capital on drilling programs.
— Read on www.msn.com/en-ca/money/topstories/money-is-starting-to-come-back-investors-look-to-canada-as-shine-comes-off-us-shale-oil/ar-BBYjqDL

Oil Boom Begins in Guyana as Exxon Lifts First Liza Field Crude

(Bloomberg) — Exxon Mobil Corp. and its partners lifted the first commercial crude from Guyana, setting the small South American nation on a path to potentially vast flows of oil revenues.Exxon has a 45% share in the Guyana project, while Hess Corp. has 30% and China’s CNOOC Ltd. 25%. Output from the
— Read on ca.finance.yahoo.com/news/oil-boom-begins-guyana-exxon-062155536.html