Friday, May 30, 2025

Canadian Crude Oil Exports Up from 2015

Information from the Canadian National Energy Board shows Canadian crude oil exports increased 16 MBOPD Canadian crude oil exports are up 16 MBOPD in the first seven months of the year compared to the same time period in 2015, according to information released by Canada’s National Energy Board. Total export volumes reached 3,018 MBOPD in the through July of 2016,

Iran, OPEC

No Production Deal as Iran Looks to Outlast Saudi Arabia

Oil prices down: Iran and Saudi Arabia say no production deal in Algeria this week Oil prices erased gains from last week on Tuesday as Iran and Saudi Arabia confirmed that there would not be a definitive agreement on OPEC production coming out of the group’s meeting in Algeria this week. “This is a consultative meeting,” Saudi Energy Minister Khalid

Rice Energy Makes a $2.7 Billion Acquisition in the Dry Marcellus

Rice Energy expands dry gas Marcellus position by 85,000 net acres with Vantage Energy acquisition Rice Energy (ticker: RICE) announced that it will acquire Vantage Energy for approximately $2.7 billion total consideration. The deal consists of $1.02 billion in cash, the assumption and retirement of assumed net debt of approximately $700 million, and the issuance of 39.1 million shares of