Thailand’s state-run oil company is reviving blueprints for a major oil sands project in the latest sign the industry is shedding caution after more than two years of contraction.
Global oil prices have fallen sharply in recent weeks as doubts grow over a proposed deal led by the Organization of Petroleum Exporting Countries to tackle a global glut. But some companies are resuscitating growth projects that in many cases won’t produce any crude for years.Report Typo/Error
- Amec Foster Wheeler PLC$6.82-0.14(-2.01%)
- Canadian Natural Resources Ltd$41.03-0.25(-0.61%)
- Canadian Natural Resources Ltd$30.56+0.01(+0.03%)
- Crude Oil Front Month Futures$51.27-0.20(-0.39%)
- Cenovus Energy Inc$12.86-0.15(-1.15%)
- Cenovus Energy Inc$9.57-0.04(-0.42%)
- Updated May 24 4:00 PM EDT. Delayed by at least 15 minutes.