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Energy and Resources News

With crude at $50, oil firms fear deeper crisis than in 1980s
After slashing spending by $180-billion to deal with one of the worst industry downturns in decades, oil companies are still bleeding cash and slipping further into debt to maintain dividends to shareholders.
Posted on 8-05-2015 at 11:44 AM
Oil at risk of sliding to $42 a barrel: TD Securities
“The global oil market will be in a surplus for the next 12 months, with the market only starting to re-establish balance in the second half of 2016,” Bart Melek, the head of commodity strategy at TD Securities.
Posted on 8-04-2015 at 4:13 PM
Bulgarian authorities detain former Centerra Gold CEO
Authorities in Bulgaria have detained Centerra Gold Inc.’s former chief executive officer in a move the company says was apparently related to the restructuring of its Kumtor project in Kyrgyzstan more than a decade ago.
Posted on 8-04-2015 at 10:36 AM

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