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Energy and Resources News

Eldorado Gold agrees to sell stakes in two mines to China's Yintai Resources for $600M
Canadian miner Eldorado Gold Corp said on Monday it has reached agreement to sell its stakes in two mines and one development project in China to Yintai Resources Co Ltd for $600 million in cash.
Posted on 5-16-2016 at 12:35 PM
Pig farmers face crisis amid fears over deadly U.S. virus
Pig producers in Manitoba, Saskatchewan and Alberta fear their farms could be devastated after a move by the CFIA to require hog transport trailers be cleaned at U.S. wash facilities, that experts believe are contaminated with the disease.
Posted on 5-16-2016 at 9:29 AM
Ontario to spend $7-billion on sweeping climate change plan: Globe and Mail
The Ontario government will spend more than $7-billion over four years on a sweeping climate change plan that will affect every aspect of life – from what people drive to how they heat their homes and workplaces – in a bid to slash the province’s carbon footprint, according to a report from the Globe and Mail.
Posted on 5-16-2016 at 7:59 AM
Oil hits six-month highs on supply outages, Goldman forecast
Oil prices hit six-month highs on Monday on worries about global supply outages and as long-time bear Goldman Sachs sounded more positive on the market, although a stockpile build at the U.S. storage hub for crude futures limited gains.
Posted on 5-16-2016 at 3:34 PM
Penn West shares plunge nearly 22% after revealing it’s close to debt default
Canadian oil and gas producer Penn West Petroleum Ltd. said on Monday it may be in default on its financial covenants at the end of the second quarter and raised doubts about its ability to continue as a going concern.
Posted on 5-16-2016 at 1:10 PM
Oil slips on stronger dollar; gains on the week on supply outages
Oil slipped on Friday on a stronger dollar and as investors cashed in on a three-day rally, but prices still ended the week higher after production in Nigeria fell to its lowest in two decades and wildfires slashed output from Canada's oil sands.
Posted on 5-13-2016 at 2:25 PM
OPEC signals greater oil glut in 2016 as its output surges
OPEC said the global oil market is oversupplied and signalled the glut may increase this year, as surging output from its members makes up for losses from other countries whose production ha been hit by a price fall.
Posted on 5-13-2016 at 10:51 AM
'Not like turning on a tap': Enbridge CEO cautious on pipeline ramp-up amid wildfire recovery
The chief executive of Canada’s largest pipeline company is waiting for wildfire-stricken oil producers to resume production before he can return to full pipeline capacity.
Posted on 5-13-2016 at 10:11 AM

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