CALGARY (Bloomberg) --Exxon Mobil is looking to sell its Canadian shale assets to focus on Alberta’s oil sands. Exxon and its majority-owned Imperial Oil Ltd. unit will start marketing XTO Energy Canada, which produces 9,000 barrels a day of crude and 140 million cubic feet a day of natural gas in the Montney and Duvernay shale formations of A...

(Bloomberg) --Libya’s oil production is rising gradually after a blockade of its western fields ended and ports in the east re-opened, according to the OPEC member’s energy minister. Output is 963,000 barrels a day, Mohammed Oun said in a response to questions from Bloomberg on Thursday. Production has fluctuated significantly since mid-D...

SINGAPORE (Bloomberg) --The world’s physical oil market is running hot, offering a boost to bulls. Prices for cargoes reaching oil refineries in Asia in two or three months’ time have been rallying strongly all over the world so far this year. The time lag between when those shipments are purchased and when they’ll reach the world’s t...

(Bloomberg) --Just weeks after Royal Dutch Shell Plc was forced by a court to suspend a seismic survey seeking hydrocarbons in South African waters, activists are looking to block another such program. The groups, which include fishing communities, have warned Searcher Seismic, a company planning to collect data off the west coast of the country...

CALGARY (Bloomberg) --Canada will face challenges in retaining its status as a global oil and gas power in a world transitioning toward net zero carbon emissions by mid-century, the International Energy Agency said. The country seeks to remain “a major global oil and gas supplier” beyond 2050 even as countries, including Canada itself, push...