New Delhi: By Devika Krishna Kumar A production problem at one of Canada‘s largest oil sands facilities drove front-month U.S. crude futures to their steepest premium above second-month futures since 2014 on Monday. Canada is the world’s fourth-largest oil producer and could lose as much as 10 percent of its supply in July after a power outage last […]

MOSCOW: The Russian budgetwill get a boost of at least 1 trillion roubles ($16 billion) from changes to taxation in oil production and refining in the next six years, two government officials said on Thursday. They told a news brieing at the energy ministry that the government hopes to get as much as 1.3 trillion roubles in additional reveneus from […]