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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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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 ....

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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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Investors Fear Change Of Strategy At Brazil's Oil Giant

Petrobras saw its share price drop at the beginning of the week as investors are increasingly concerned that the energy policies of newly installed President Lula da Silva will lead to lower dividends and lower profitability ....

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