The Traderszone Network

Published in TZ Latest News 3 September, 2015 by The TZ Newswire Staff

Saudi Arabia, Tar Sands And The Global Price War On Oil

Prices for Canada’s tar sands crude rose Thursday after penalties imposed by Canadian regulators led to the shutdown of the Nexen tar sands oil plant that China’s CNOOC (CEO) acquired for $15 billion in 2013. That production loss compounded the shutdown of a Canada Oil Sands plant after a fire last weekend, which culled 200,000 barrels per day of oil sands output.

read more