oil production

After weeks of speculation, OPEC made it official this weekend, announcing they will restore oil production at a faster clip than expected.  Patrick DeHaan with Gasbuddy.com said the increased production will start in June.   “Raising production by over 400,000 barrels a day," DeHaan noted.  "OPEC has really b...

In less than a year of full operation, Canada’s Trans Mountain Pipeline to the Pacific has opened and expanded oil markets into Asia while reducing Canadian crude to the U.S. Gulf Coast.  The biggest buyer, China, is importing record amounts of Canadian crude after slashing its purchases of American oil by nearly 90% recently due to escalating trade and tariff tensions.   C...