Exxon has removed almost all Canadian oil-sands crude from its books

News

Bloomberg with the piece on moves at Exxon to drop 98% of thick Albertan crude from its reserves list 

Bloomberg cite a regulatory filing on Wednesday:

  • Exxon counted the equivalent of 15.2 billion barrels of reserves as of Dec. 31, down from 22.44 billion a year earlier

And notes that Canada can be brought back onto its books as crude prices rise.

Invest in yourself. See our forex education hub.

Articles You May Like

Oil falls on White House spat, tariffs, Iraq exports
AUD/USD slides near 0.6200 after US PCE data, tariffs
Fed’s favorite core inflation measure hits 2.6% in January, as expected
China February PMIs: Manufacturing 50.2 (expected 50.0) Services 50.4 (expected 50.3)
Nasdaq index bounces after a successful test of the 200 day MA

Leave a Reply

Your email address will not be published. Required fields are marked *