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Energy & Resources News

Hedge funds cut bullish oil bets as global glut expands
Hedge funds cut bullish holdings in crude as record U.S. output added to a global supply glut, spurring the longest losing streak in prices in six years.
Posted on 11-03-2014 at 10:46 AM
Slumping gold prices drag down the bonds of Canadian miners
Investors are losing confidence Canadian gold miners will be able to weather the worst price slump in four years without damage to their credit ratings.
Posted on 11-03-2014 at 10:19 AM
Oil sands crude will reach Gulf Coast without Keystone XL: Jim Prentice
Oil-sands crude will supply Gulf Coast refineries regardless of how President Barack Obama rules on the Keystone XL pipeline, Alberta Premier Jim Prentice said.
Posted on 11-03-2014 at 7:45 AM
Exxon, Chevron results boosted by refining as oil prices slip
A surge in refining profits boosted quarterly results at Exxon Mobil Corp. and Chevron Corp., helping to offset declining oil and gas production and falling crude oil prices.
Posted on 10-31-2014 at 11:50 AM
Brent oil set for longest run of weekly losses since 2002
Brent crude headed for a sixth weekly loss, the longest decline since 2002, as OPEC boosted production to a 14-month high amid a global surplus. West Texas Intermediate was on track for its biggest monthly decline in more than two years.
Posted on 10-31-2014 at 8:19 AM
Everything you need to know about Energy East
Not that it was easy to get to this point. The application TransCanada filed with Canada’s National Energy Board on Thursday was jam packed with geotechnical studies, market analyses and notes from discussions with hundreds of communities, First Nations groups and landowners who might be affected by the project. All told, the document is more than 30,000 pages long, requiring some unfortunate courier to deliver 11 fully-laden boxes to the NEB’s new Calgary headquarters.
Posted on 10-30-2014 at 2:15 PM
Suncor profit drops on prices, weaker production
Suncor Energy Inc., Canada's largest oil and gas company, said on Wednesday its third-quarter profit fell by nearly half on lower production and weaker commodity prices.
Posted on 10-30-2014 at 8:29 AM
Canadian stocks fall as gold producers tumble after Fed decision
Canadian stocks fell, after climbing to a three-week high, as financial shares and gold producers slipped after the U.S. Federal Reserve ended its asset-purchase program.
Posted on 10-29-2014 at 4:50 PM

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