Bloomberg Chevron Corp will spend about half its capital budget on projects that yield quick returns over the next three years, underscoring the importance of shale as it prepares for growing uncertainty in how the world consumes energy. The US oil giant will spend about $9 billion to $10 billion a year on “short-cycle investments” through 2022, primarily focussed on ...

Bloomberg Alberta’s government maintained its mandated oil curtailment in February at the same level as January even as Canadian heavy oil prices surged. The province’s oil producers collectively must cut February output by 325,000 barrels a day, according to an email from Mike McKinnon, an energy ministry spokesman. The baseline for the cuts is the highest single month of production ...

Bloomberg As Poland added to the global scrutiny of Huawei Technologies Co with the arrest of a company employee and a local former security agent, the country’s authorities also exposed the division in Europe over policy towards the Chinese technology giant. Huawei is facing increasing pressure across the European Union amid growing concerns that Beijing could use the company’s equipment ...