How oil’s most boring CEO found himself atop 10 billion barrels
As crude prices have fallen about 60 percent since their most recent peak, in June 2014, investors have seen $1 trillion in value vanish. More than 40 oil-related companies have sought bankruptcy protection, and more filings are expected. Lenders are setting aside billions of dollars to cover losses. But over the last seven calendar years, […]
Oil prices steady as return of Canadian output offsets tighter global market
Oil prices were steady on Thursday, weighed by the gradual return of Canadian oil sands output but supported by a surprise drop in U.S. crude inventories and a tightening global market. International Brent crude futures were trading at $47.63 per barrel at 0712 GMT on Thursday, up 3 cents from their last settlement. U.S. West […]
