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WTI Crude Hits $80 Despite Disappointing Growth Plans From China

West Texas Intermediate crude oil prices have broken above the $80 barrier despite disappointing growth plans coming out of China Monday ....

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Natural Gas Plunges over 12% As Extreme Volatility Continues

Forecasts for milder weather and lower heating demand have seen natural gas prices plummeting by over 12% on Monday, after a strong rally on Friday to five-week high ....

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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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