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The light, sweet crude oil price for February rose for a ninth consecutive day on Jan 10, settling above $52/bbl. That was a 4-week high on the New York futures market and the longest gain in 9 years, which analysts attributed to lessening concerns about oil oversupply amid weaker demand.

Husky Energy Inc. is undertaking a strategic review that could result in the potential sale of its Canadian retail and commercial fuels business, which includes the 12,000-b/d refinery in Prince George, BC.

The Federal Reserve Bank of Kansas City’s fourth-quarter Energy Survey revealed that Tenth District energy activity declined moderately, and expectations for future activity also turned negative.

Saudi Arabia reported that it now holds 268.5 billion bbl of proved crude oil reserves—a figure higher than the previously reported 266.3 billion bbl. Saudi Arabia’s Energy Ministry also revised upward the country’s natural gas reserves to 325.1 tscf as of yearend 2017.

Canada has added 108 rigs for the week ended Jan. 11, according to Baker Hughes data. While the large jump puts the total number of rigs running at 184, the count is less than the 276 units drilling this week a year ago.


RT @energizeWV: Bob Orndorff @DominionEnergy discusses the tremendous 434% growth in WV pipeline construction jobs between 2017-18 on today…

Total direct industry wages rose from just over $1 billion in 2016 to more than $1.5 billion in 2017. For the firs… https://t.co/7vz7w16fj2

While fluctuating depending on the time of year, pipeline worker employment increased by 434% between the first qua… https://t.co/Yjlb8ewn8y

According to data recently released by WorkForceWV: 22,514 workers were directly employed in the state’s oil and na… https://t.co/ZAfKPhrsLf