Oil Sands Producer Cenovus Energy Posts Wider Quarterly Loss

Cenovus Energy's quarterly loss widened, but the oil sands producer said the impact of output cuts will be more than offset by an improvement in Canadian crude prices this year.

Venezuelan Oil Exports To US Still A Primary Source Of Cash

Venezuela’s oil exports to the United States remain the primary cash resource for its state-owned oil company, and efforts by the U.S.to cut off that revenue would likely force it to send crude to China, India or other Asian countries.

Saudi Crown Prince Says OPEC Working To Keep Oil Prices Down

OPEC and its allies have been responding to requests from the U.S. for increased oil production and doing what they can to prevent prices rising, Saudi Arabia’s Crown Prince Mohammed bin Salman said.

Denmark Swings To Net Oil Importer After North Sea Production Decline

A 25-year period for Denmark as a net oil exporter is set to end this year following output declines in the North Sea, the country’s energy agency said on Aug.30 after slashing its long-term oil production forecast.