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Indian Oil Corp became India's first state-refiner to buy Canadian oil, further evidence that trade routes have been redrawn by the U.S. shale oil boom. IOC joined private Indian refiners Reliance Industries and Essar Oil in buying Canadian oil.
Energy Mining trucks sit parked at the delayed Barrick Gold Pascua-Lama project in northern Chile. After its second major writedown in just six months, Barrick is trying to wooing back shaken investors by focusing on assets closer to home...Market
Oil sands imported from Canada into the United States have a lighter environmental footprint than often assumed, a consulting company said. IHS Cambridge Energy Research Associates said oil sands are the largest source of U.S. oil imports.
For The Globe and Mail Market View Video Energy In announcing the Fort Hills project, Suncor chief executive Steve Williams said the company's Montreal refinery could be a destination for at least some of the company's bitumen production. For that
Royal Dutch Shell said Thursday it was moving ahead with a project in Alberta, Canada, expected to produce 80,000 barrels of oil per day. "I'm pleased we're moving ahead with this important project," Lorraine Mitchelmore, a vice president in charge
Crude oil deliveries by rail are expected to increase, Canadian Pacific Executive Vice President Jane O'Hagan said in a third-quarter statement. "Over time we will see increasing volumes of heavy crude moving with different economics and drivers of
Energy Commodities CP Video Real Estate Canadian heavy oil is sold at a discount to other North American and world crudes both because of the additional processing requirements for bitumen, and because of the congestion in the routes used to get
Maine A proposed ordinance designed to block tar sands oil from being transported to South Portland has set off a fiery debate over what impact it will have on the community and the city's bustling waterfront. Opponents of the thick, gooey oil
Ohio A refinery in northwest Ohio is seeking state approval for a $300 million upgrade to refine tar sands from Alberta, Canada. Spokesman Mel Duvall with Canada-based Husky Energy Co. said the type of heavy crude most likely to be refined in Lima (
Provincial officials have called on Canadian Natural Resources Ltd. to stem the environmental impact from a heavy oil seep in Alberta. Canadian Natural Resources Ltd. reported in May oil was seeping to the surface at locations near the Cold Lake Air