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Energy & Resources News

Suncor Energy cuts spending again on weak oil, boosts payout
The oil sands giant says it's reviving plans to buy back as much as $500 million worth of its own stock amid depressed energy markets.
Posted on 7-30-2015 at 12:44 AM
Canadian dairy farmers head to Maui in last ditch effort against TPP
For Canadian dairy farmers such as Jayne MacDonald of Newtown Cross, PEI, the far-reaching Pacific Rim trade talks entering the final stretch in Hawaii this week are a giant question mark hanging over their future.
Posted on 7-28-2015 at 11:51 AM
TransAlta timed outages to drive up prices, Alberta regulator says
The Alberta Utilities Commission says TransAlta intentionally shut down six of its coal-fired power plants during peak usage hours on four occasions during the winter of 2010 and 2011.
Posted on 7-28-2015 at 9:47 AM
Husky Energy profit drops 81% on lower oil prices
Husky Energy Inc., Canada’s No.3 integrated oil company, reported a nearly 81 per cent fall in quarterly profit as it struggles to cope with weak oil and gas prices.
Posted on 7-28-2015 at 8:28 AM
Oil hits four-month low on China stocks rout, supply glut
Oil hit four-month lows after a steep drop in Chinese stocks spread concerns about the economic health of the world’s biggest energy consumer and more evidence emerged of a global supply glut.
Posted on 7-27-2015 at 10:08 AM
Oil industry shelves $200B in spending as oil sands face 2 more years of austerity
A major global energy consultant says Canada’s oil sands won’t see a snap back in spending on new projects until 2017.
Posted on 7-27-2015 at 11:00 AM
The problem with gold prices? No more fear factor: JP Morgan
“All the catalysts supporting gold are gone,” J.P. Morgan's Anastasia Amoroso tells BNN and the headwinds are showing no signs of weakening.
Posted on 7-24-2015 at 12:36 PM
Gold hits 5-1/2-year low, heads for worst week since October
Gold slid more than 1 per cent on Friday to its lowest since early 2010 as fresh strength in the dollar prompted another wave of selling, putting the metal on course for its biggest weekly loss in nine months.
Posted on 7-24-2015 at 8:35 AM

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