Tuesday, May 20, 2025
Suncor, Fort McKay First Nation partner on prospective oil sands development on Canadian reservation land- oil and gas 360

Suncor, Fort McKay First Nation partner on prospective oil sands development on Canadian reservation land

World Oil (WO) – Fort McKay First Nation and Suncor signed a Memorandum of Understanding (MOU) on a prospective oil sands lease development opportunity on Fort McKay reserve lands in the Regional Municipality of Wood Buffalo and respectively Fort McKay First Nation Traditional Territory. “With this agreement, we are creating the conditions for sustainable prosperity, growth and health for our

OPEC+ production cut extension supports oil prices- oil and gas 360

OPEC+ production cut extension supports oil prices

Oil Price OPEC+ on Sunday agreed to extend its production cuts for another quarter, but the reaction from oil markets was relatively muted as the agreement had already been priced in. Early on Monday morning, Brent crude was trading at $83.72, while West Texas Intermediate was sitting at $80 per barrel. The extension of the 2.2-million-bpd production cuts from OPEC+ was anything but a