Industry - Oil latest news

Ottawa is sticking to its plan to tax income trusts like corporations starting in 2011, Finance Minister Jim Flaherty said Wednesday in Calgary - the energy industry home to many of the policy's most ardent ...

CARACAS, Venezuela : Venezuela's CITGO Petroleum Corp. is handing out energy efficient light bulbs across the U.S., despite political tensions between the two nations.

London (Platts) -- 18Jul2008 -- European physical copper trade was heard thin this week as the hefty cash-to-three months backwardation distorted premiums and accelerated destocking among consumers and producers. This backwardation was...

Chinese oil giant Sinopec says its first-half profit will fall more than 50 percent from the same period last year due to government controls that limit its ability to pass on record-high crude costs to ...

New York (Platts) -- 18Jul2008 -- World crude steel production was 118.8 million mt in June, the International Iron and Steel Institute reported Friday. That was 5.9% higher than the same month last year. Total world crude steel...

Oilfield services provider Schlumberger Ltd. said Friday its second-quarter profit increased nearly 13 percent as high oil and natural gas prices prompted heavier spending among customers to find more fossil ...

"We were the only Canadian company to successfully pre-qualify in a group that contains a number of the world's major oil and gas companies," Charlie Fischer, Nexen's president and chief executive officer, said ...

Russian authorities on Friday renewed until July 29 a visa for the head of embattled British-Russian oil firm TNK-BP, a day before he would have been forced to leave Russia, an immigration official said.