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Brent crude drops below $56 on larger-than-expected oil inventory in US

2015-03-19 01:00:00| Offshore Technology

The price of Brent crude fell below $56 a barrel on Thursday, due to greater increase in oil stocks than expected in the US.

Tags: in us oil inventory

 

Job cuts at Talisman, ConocoPhillips in Calgary as crude doldrums continue

2015-03-18 23:00:08| Oil & Gas - Topix.net

Talisman, which is set to be taken over by Spain's Repsol SA in the coming months, is reducing its workforce by 10 to 15 per cent, mostly at its Calgary head office. That amounts to between 150 and 200 jobs - both contractors and employees.

Tags: continue job cuts calgary

 
 

Oil falls further on record US crude stocks

2015-03-18 01:00:00| Offshore Technology

The price of Brent crude oil fell towards $53 a barrel, as US crude stocks surged to a new record high.

Tags: record oil falls stocks

 

Brent crude oil drops below $54 on supply glut concerns

2015-03-17 01:00:00| Offshore Technology

The price of Brent crude oil fell below $54 a barrel on Tuesday, after concerns over an increasing supply glut.

Tags: supply oil concerns drops

 

Turlock leaders concerned with crude oil train safety

2015-03-11 06:07:14| Railroads - Topix.net

Since mid-February, four trains hauling crude oil have derailed in the United States and Canada; rupturing tank cars, spilling their contents, polluting waterways and igniting fires that burned for days. The derailments have deepened safety concerns in cities such as Turlock, where city leaders said if an oil train accident were to take place, the results could be disastrous.

Tags: safety oil leaders train

 

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