Bloomberg Record low prices for heavy Canadian crude have prompted one of the biggest operators in the oil sands to take the rare step of shutting production. Motivated by the “extremely low” prices, Suncor Energy Inc. announced on March 24 that it will shut in one of its two so-called trains at its two-year-old, 194,000 barrel a day Fort Hills ...

Bloomberg Green forms of liquefied methane could be a viable fuel for ships to help the industry meet greenhouse-gas emission reduction targets, a study showed. Bio-methane, produced from biomass, and synthetic methane made using renewable energy could emulate liquefied natural gas as a marine fuel, according to a study conducted by Dutch researcher CE Delft and commissioned by industry group ...

Bloomberg Oil refiners across the US are being forced to throttle back operations amid a historic plunge in gasoline demand and prices. Plants representing more than 10% of US fuel-making capacity have cut back. Exxon Mobil Corp has slowed rates at facilities in Texas and Louisiana, while others around Los Angeles and Philadelphia are taking similar action to stem a ...