Oil report Headlines

S&P downgrades Canadian province of Alberta two notches

Ratings agency Standard & Poor's downgraded the Canadian crude-producing province of Alberta two notches to A+ from AA on Friday, citing high budget deficits and growing levels of debt as the province struggles with depressed global oil prices.

Kuwaiti envoy meets Qatar's emir amid Gulf dispute

Kuwait's foreign minister met Qatar's ruler on Friday for talks that appeared aimed at trying to ease renewed tensions between Qatar and fellow Gulf Arabs over its policy towards Iran and regional Islamist groups.