March 4, 2016

From The New York Times: On a recent frigid night, anxious residents, many in “Protect Our Coast” sweatshirts, packed the town hall here, spilled onto the lawn, and then erupted in cheers as their town government gaveled in a resolution urging President Obama to block oil drilling off their shoreline. “Some things are just too precious to risk,” Mayor Emilie

From Reuters: Alberta, March 3 Canadian Natural Resources Ltd slashed its capital expenditure plan for 2016 and targeted further cuts in 2017 and 2018 in response to the slump in oil prices which has hit its profits. Canada’s second-biggest oil and gas producer reported an 89 percent fall in quarterly profit and lowered its estimated 2016 capital spending to between

From Reuters: Some members of OPEC plan to meet other oil producers in Russia around March 20 for new talks on an oil output freeze, Nigeria’s petroleum minister said on Thursday, forecasting the meeting would spark a dramatic reaction in crude prices. Nigeria has been pushing for action by the Organization of the Petroleum Exporting Countries because the slump in