(Bloomberg) -- A hot spot for Canadian oil drillers is emerging in a tiny corner of eastern Alberta, drawing companies including Canadian Natural Resources...
Ongoing sell-off in bonds and worries about Isreal-Hamas war escalation are weighing on the market, as it waits for Big Tech earnings. -- A hot spot for Canadian oil drillers is emerging in a tiny corner of eastern Alberta, drawing companies including Canadian Natural Resources Ltd. and Baytex Energy Corp. in search of cheaper, lower-emissions heavy crude.
“The play is definitely taking off,” said Kendall Arthur, general manager of the Canadian heavy-oil business for Baytex, which has drilled two wells into the Waseca this year and plans to complete a total of five by year end. The Waseca is similar to Clearwater formation, which has been the most heavily drilled play in the province for the past several years in fields such as Marten Hills and Nipisi. Unlike Clearwater, Waseca is in its early days, Resnick said. A total of 69 wells have been drilled there so far this year in the formation versus 62 in all of last year and just 12 in 2021, Alberta Energy Regulator data show. Production from the formation totaled just over 5,000 barrels a day in August.
FRANKFURT, Germany — For months after Ukraine's Western allies limited sales of Russian oil to $60 per barrel, the price cap was still largely symbolic. Most of Moscow's crude — its main moneymaker — cost less than that. But the cap was there in case oil prices rose — and would keep the Kremlin from pocketing extra profits to fund its war in Ukraine. That time has now come, putting the price cap to its most serious test so far and underlining its weaknesses.
I was all set for my trip, or so I thought. That's when my friend told me to always keep a bread clip when traveling. The reason is quite clever.Princess Charlene of Monaco cheered for South Africa at the Rugby World Cup semi-final, rocking skinny jeans and a dramatic cape from Akris Former President Donald Trump claimed Sidney Powell was “never” his attorney in a social media post Sunday, three days after she pleaded guilty in the Georgia election subversion case.
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