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Energy & Resources News

Canadian refiners set to buy more U.S. oil with wider discount
Cheaper North American oil is poised to replace West African and Middle East cargoes at eastern Canadian refineries with U.S. crude prices at the lowest level compared with the international benchmark in 14 months.
Posted on 3-19-2015 at 8:24 AM
Potash Corp. shares sink as Saskatchewan tax changes threaten profit outlook
Chief executive officer Jochen Tilk slammed the Saskatchewan government in the wake of yesterday’s provincial budget and announcement of a review of how producers are taxed.
Posted on 3-19-2015 at 8:11 AM
Job cuts, again: ConocoPhillips slashes 7% of Canadian workforce
Another round of oil job cuts is rolling through downtown Calgary this week with three producers eliminating at least 650 positions in Canada as they wrestle with prices near a six-year low.
Posted on 3-18-2015 at 4:25 PM
Pacific Rubiales halts dividends as oil rout spurs record loss
Pacific Rubiales Energy reported a quarterly loss that exceeded analysts’ estimates and suspended dividends amid the lowest crude prices in six years.
Posted on 3-18-2015 at 9:06 AM
Nexen cuts 340 jobs in North America, 60 in U.K. on weak oil
Nexen, the Canadian oil company owned by China’s state-owned CNOOC Ltd., is cutting 400 jobs to cope with the collapse in oil prices.
Posted on 3-17-2015 at 11:53 AM
Investors sell gold holdings ahead of the Fed
Investors sold holdings in gold-backed funds for a 14th day, the longest run in more than a year, as the Federal Reserve began a two-day meeting. Platinum reached the lowest since 2009.
Posted on 3-17-2015 at 8:39 AM
Speculators least bullish on oil since 2013 as stockpiles swell
Speculators cut bullish oil wagers to the lowest level in more than two years amid warnings the U.S. supply glut may soon strain storage capacity.
Posted on 3-17-2015 at 11:15 AM
Oil heading for new lows despite industry concessions
A skid in crude prices to a six-year low is fuelling worry that the industry has entered a new phase of its downturn.
Posted on 3-17-2015 at 8:30 AM

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