Oil

Alberta may have finally found the right level for its oil curtailment program that has sent local oil prices on a roller coaster for the last few months.

When the lease on an Alberta Health Services office in Calgary came due for renegotiation two years ago. the rental market was so bad that trying to keep the tenants wasn’t worth it.

OPEC is close to reaching an agreement to extend the production cut deal beyond June.

Saudi Arabia and Russia. the two largest producers in the OPEC coalition. voiced concerns that falling oil demand could send prices below $40 bbl as they met in Moscow.

Oil bulls thought 2020 would be their year.

U.S. crude explorers reduced drilling to a 15-month low as oil dipped into bear-market territory.

After a prolonged oil price plunge. pushing price levels down to around $59 Brent per barrel. signs are showing that the market believes the downward trend has overshot its target.

This new center is being established to bring Achimovsky reserves—which are categorized as hard-to-recover reserves—into development.

Imports stood at 2.119 tons worth $1.46 million. down 21.04% and 64% in tonnage and value respectively YOY.

Tehran is resolute to put an end to its economy’s reliance on revenues from crude exports. adding that trade and the capacities of the country’s countless ports can be tapped into more seriouly.