| Minister Oliver Welcomes a Report Confirming that Bitumen is No More … Marketwire (press release) “We welcome the findings of this report on pipeline corrosivity, which concludes that diluted bitumen and synthetic crude oil are no more corrosive than comparable heavy crudes in transmission pipeline environments. These findings are in line with … See all stories on this topic » |
| Experts have warned of ‘bitumen bubble’ for years Global Edmonton EDMONTON – The Alberta government blames the “bitumen bubble” for the province’s current fiscal woes, but oil industry players have been warning about the phenomenon for more than a decade. A review of historical markets shows the gap between what … See all stories on this topic » |
Iran’s crude oil sales dived to just 800,000 barrels per day (bpd) in July, due to Western sanctions, but are likely to have bounced back last month, a senior Iranian legislator was quoted as saying on Sunday. Iranian officials usually play down the impact of U.S. and European restrictions on their oil industry, with Iran’s oil minister saying on Saturday production would hold ste
Iran’s oil exports have fallen by an estimated 40 per cent since the start of the year as Western sanctions tear into the country’s vital oil industry, the International Energy Agency said on Wednesday.