OPEC crude output rose for the first time in six months as rising Libyan production outpaced a cut by Saudi Arabia, which has implemented a program aimed at curbing excess supply and supporting prices, a Bloomberg survey showed.
The port of Vancouver, Canada’s busiest, may issue debt to help finance the largest expansion in its history as the country’s resource companies move to boost shipments amid escalating Asian demand for coal, grain and oil.
Chevron Corp. (CVX) and Genel Energy Plc (GENL) are hunting for elephants in Morocco. Not the animal, rather the giant oil fields that send explorers’ market values soaring when they’re discovered in the frontier.
Chevron Corp. (CVX) reaped the most among the five largest oil companies drilling on U.S. deep water leases that mistakenly omitted drilling-fee provisions, according to a report produced by a Democratic lawmaker.
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