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FILE - In this Sept. 6, 2013, file photo, Ingrid Forsmark kayaks on Kintla Lake in Glacier National Park, Mont. The Interior Department plans to cancel a long-suspended oil and gas drilling lease near Glacier National Park that's on land considered sacred to the Blackfoot tribes of the U.S. and Canada, according to court documents filed Monday, Nov. 23, 2015. (AP Photo/Matt Volz, File)

U.S. to cancel lease on land sacred to Blackfoot Indian tribes

Tribal leaders said such a move would make up for a wrong done to them in 1982, when the government issued the lease without consulting the tribes.
(AP Photo/The Tyler Morning Telegraph, Sarah A. Miller)

Keystone XL developer withdraws Nebraska route application

TransCanada made the announcement Wednesday, a day before it was scheduled to appear before the Nebraska Public Service Commission for a planning conference.
U.S. President Barack Obama, flanked by Vice President Joe Biden (L) and U.S. Secretary of State John Kerry (R), at the White House November 6, 2015 in Washington, DC. (Photo by Mark Wilson/Getty Images)

Obama rejects Keystone XL, saying pipeline wouldn’t create many jobs, lower gas prices or boost U.S. energy security

The move ends — for now — a seven-year saga over the proposed pipeline.

Fireworks in the crude complex ahead of key jobs report

Remember, remember the 5th November, for Guy Fawkes attempted to blow up the UK Houses of Parliament some 410 years ago. Onward to today, and bulls are trying to ignite a rally after prices exploded to the downside yesterday. Fireworks abound, for not only is it bonfire night, but it is also Nonfarm Friday Eve. […]
Categories: Crude oil
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Democratic presidential candidate Sen. Bernie Sanders, I-Vt., left, with Sen. Jeff Merkley, D-OR., right, points to the Capitol building during a news conference on Wednesday, Nov. 4, 2015. (AP Photo/Pablo Martinez Monsivais)

Sanders: Obama should reject Keystone XL before Paris climate talks

Democratic presidential candidate Bernie Sanders joined prominent environmentalists in urging Obama to reject Keystone XL now — weeks before international climate negotiations.
(Daniel Acker/Bloomberg)

Money flooding out of Canada at fastest pace in developed world

Crude oil, among the nation’s biggest exports, has collapsed to about half its 2014 peak.
Ben van Beurden, chief executive officer of Royal Dutch Shell Plc, pauses as the company announce their fourth-quarter results in London, U.K., on Thursday, Jan. 29, 2015. Van Beurden pledged to do all he can to maintain payments to shareholders of Europe's largest oil company after crude prices fell by more than half in the past six months. Photographer: Chris Ratcliffe/Bloomberg  *** Local Caption *** Ben van Beurden

Shell CEO: “We have to live within our means”

The oil bust has forced Shell and its rivals to recalibrate the timing and affordability of projects around the world.
(Norm Betts/Bloomberg)

Devon cuts 200 employees in Canada

The Devon cuts add to about 36,000 oil and natural gas jobs lost in the country since the price crash began more than a year ago, according to an estimate this month from the Canadian Association of Petroleum Producers.
Dump trucks loaded with oil sands drive through the Suncor Energy Inc. mine in this aerial photograph taken near Fort McMurray, Alberta, Canada, on Thursday, June 4, 2015. (Ben Nelms/Bloomberg

Oil sands pipelines may be running out of room

Environmental activism is a major reason no new pipelines — including Keystone XL — have been built to transport oil sands crude away from Alberta since 2010, according to a new report.
Russ Girling, President and CEO of TransCanada Corp., during CERA Week at the Hilton Americas on March 4, 2014, in Houston. (Mayra Beltran/Houston Chronicle)

TransCanada trims management jobs as layoffs continue

The Calgary-based pipeline has announced several rounds of cuts since oil prices first tanked last year.