This discovery confirms the Company's ongoing evaluation of this zone ("Heavy Oil Zone”), which occurs repeatedly over the Company's 53,000-acre (~83 square miles) Worsley land base as a potential ...

In contrast, hedging was much higher in previous downturns, such as 51.7% in 2020, which provided crucial support during the ...

Russia’s “shadow fleet” of aging oil tankers helps fund the ongoing war but puts the region at risk of more environmental ...

US President Donald Trump’s trade wars and sanctions are tightening the market for heavy crude, boosting prices for the ...

Canadian province touts benefit of heavy oil royalties, as government and industry eye mothballed east-west pipeline projects ...

Oil is a global commodity. It also has different chemistries throughout the world, depending on how it is matured, sourced, originated, and stored in the reservoirs below the surface.

The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) ...

Mexico's state oil company Pemex expects to continue diverting barrels of heavy crude away from U.S. Gulf Coast refiners as ...

The Alberta government says Premier Danielle Smith has been in talks with a multinational oil and petrochemical player about ...

United States President Donald Trump’s trade wars and sanctions are tightening the market for heavy crude, boosting prices ...

Venezuela's PDVSA has formulated three operational plans to maintain heavy oil production with Chevron following the expiration of the current U.S. license. The national company aims to produce up to ...