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Canadian Oil Sands Back On Track With More Record Profits

The last of Canada’s big oil sands producers has reported record 2022 profits, bringing the total profit for last year of the big five to over $25.7 billion as they rode the tailwinds of a Chinese COVID crisis and Russia’s invasion of Ukraine

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U S Oil Drilling Activity Retreats For Third Week In A Row

The U.S. oil rig count saw another major decrease this week as drilling activity declined for the third week in a row

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Oil Ticks Up On Improved U S Economic Data

Oil prices were ticking slightly upward on Thursday following U.S. economic data showing a 1.7% increase in Q2 2022 nonfarm business sector labor productivity

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Turkish Imports Of Russian Oil Hit Four-Month High In February

Amid an embargo on Russian seaborne crude to the European Union, NATO-member Turkey’s imports of Urals crude from Russia hit a four-month high in February thanks to resumption of purchases by Azerbaijan-owned STAR refinery in Turkey

Saudi arabiaGazprom neftDeutsche bank tightens lending criteriaRussian oil outputRussia oil exports still strong despiteUs crude oil inventories continue toMexico oil major hasa flaring problemOil prices dip as traders waitArgentina oil industry needs toWorld energyGoldman sees oil price spikeChinese major strikes oil in bohai seaNuclear power plants at riskMexico oil giant reports staggering lossesRussian oil hitBiden offers

SpaceX Is Leading The Private Space Race

SpaceX has quickly become the de facto leader in the private space race, with 61 rockets launched into orbit last year

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