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Oil Prices Rebound After EIA Reports Another Large Crude Draw

Amid emerging doubts that OPEC and Russia have outdone themselves with the oil production cuts and are starting to suffer the consequences, the Energy Information Administration reported another large draw in oil inventories this week.  At 6.9 million …

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Kinder Morgan Delays Trans Mountain Launch Again

Kinder Morgan said it would have to delay the start of the expansion of its Trans Mountain pipeline by another three months, to December 2020, its chief executive Steve Kean said at the presentation of the company’s fourth-quarter results. The US$5.95-…