Vallari Srivastava

6 days ago | marketscreener.com | Amanda Stephenson |Vallari Srivastava

(Reuters) - Canadian Natural Resources Ltd, the country's largest oil producer, reported a better-than-expected first-quarter profit and record production on Thursday, helped by a narrow discount on Canadian heavy crude that the company expects will persist. Producers in Canada have benefited this spring from a historically tight price discount on heavy oil versus U.S. benchmark crude, helping cushion the blow from a significant fall in global oil prices.

1 week ago | gurutrade.com | Vallari Srivastava |Shilpi Majumdar |Krishna Eluri

May 1 (Reuters) - U.S. refiner HF Sinclair posted a smaller-than-expected loss in the first quarter on Thursday, supported by sequential improvement in refining margins. The 3-2-1 crack spread , a key indicator of U.S. refining margins, rebounded in early 2025 from multi-year lows as nationwide refinery maintenance tightened fuel supply.

2 weeks ago | ca.marketscreener.com | Vallari Srivastava |Nicole Jao

(Reuters) -Phillips 66 reported a bigger-than-expected loss for the first quarter on Friday, hurt by lower refining margins amid heavy turnaround activities across the U.S. refining sector. U.S. refineries typically undergo seasonal maintenance and turnaround activities in preparation for the summer driving season, when fuel demand significantly increases. The scheduled downtime temporarily reduces refinery utilization, and the ability to capture revenue from margins.

3 weeks ago | gurutrade.com | Vallari Srivastava |Shinjini Ganguli |Krishna Eluri

April 22 (Reuters) - Canada's Barrick Gold said on Tuesday it will exit the Donlin gold Project in Alaska by selling its 50% stake to billionaire John Paulson and NovaGold Resources for up to $1.1 billion. The Donlin Gold project is a proposed mine which holds roughly 39 million ounces of gold. It was jointly owned by Barrick Gold and NovaGold, holding a 50% stake each. U.S.-listed shares of Barrick Gold were up 1.7% before the bell, which were also supported by higher prices of the bullion.

1 month ago | today.westlaw.com | Shinjini Ganguli |Clara Denina |Jane Merriman |Vallari Srivastava

LONDON (Reuters) -Peabody Energy is reviewing all options related to its $3.78 billion acquisition agreement with Anglo American for some of its Australian steelmaking coal assets after a fire halted production at a mine included in the deal.