Jan 15, 2017

Trudeau says Canada's oil sands must be phased out

Canada must “phase out” Alberta’s oil sands and end the country’s dependence on hydrocarbons, Prime Minister Justin Trudeau said on Friday. “We can’t shut down the oil sands tomorrow. We need to phase them out,” he said. “We need to manage the transition off ...

Jan 12, 2017

British Columbia OKs Trans Mountain pipeline to Alberta oil sands area

Canada’s Pacific Coast province of British Columbia on Wednesday approved the expansion of Kinder Morgan’s Trans Mountain pipeline from the Alberta oil sands that will allow oil exports to Asia. British Columbia Premier Christy Clark announced the conditions her government placed on the project ...

Japan logged ¥152.51 billion trade surplus in November

Dec 19, 2016

Japan logged ¥152.51 billion trade surplus in November

Japan posted a goods trade surplus of ¥152.51 billion ($1.30 billion) in November after imports fell more than exports on cheaper crude oil prices and the yen’s strength, the government said in a preliminary report Monday. A breakdown of the third consecutive monthly surplus ...

Idemitsu Kosan, Showa Shell mull tie-up prior to merger

Dec 7, 2016

Idemitsu Kosan, Showa Shell mull tie-up prior to merger

Oil distributors Idemitsu Kosan Co. and Showa Shell Sekiyu K.K. are in talks for a capital and business tie-up ahead of their planned merger, sources close to the matter said Wednesday. They are considering taking an estimated 20 percent stake in each other and ...