"Despite the 'energy emergency' claims, the US is producing energy in record quantities," JPMorgan Asset Management wrote.

Major Wall Street banks lifted their oil-price forecast for the year amid growing uncertainties over the impact of U.S. trade ...

and these wells become unprofitable at around $40 per barrel. Other high-cost oil comes from Canada’s tar sands and the United Kingdom’s North Sea oil fields; these become unprofitable around ...

"End of the day, there is no shortage of oil out there," Mizuho analyst Robert Yawger said, noting that U.S. oil production ...

Several independent oil refineries in eastern China have halted operations, or plan to do so, for indefinite maintenance ...

Canada's Industry Minister, Tony Clement, has given PetroChina the go-ahead for a 1.7 billion US dollars acquisition of two oil sand projects. The deal gives the Chinese company 60% control of ...

For years, Canada’s booming oil fields have had few choices but to funnel the country’s thick, tar-like crude oil through ... existing pipeline to 890,000 barrels a day, promises to give ...

No wonder they're smug. The tar-sand deposits here and elsewhere in Alberta hold the equivalent of more than 1.6 trillion barrels of oil—an amount that may exceed the world's remaining reserves ...

Today it costs around $10 to produce a barrel of oil from tar-sands, down 300% from three decades ago. At the forefront of this trend is Lexington Energy Services Inc., one of Canada’s fastest ...