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TransCanada CEO says industry has lived through worse than latest crude downturn

2014-12-18 15:15:56| Oil & Gas - Topix.net

TransCanada's President and CEO Russ Girling says he doesn't see the oil industry's appetite for new pipelines faltering even though crude prices have skidded recently to the lowest in more than five-years. Girling is shown at a news conference in Toronto on Thursday, October 30, 2014.

Tags: latest industry lived ceo

 

API: CBO Confirms Economic Benefits Of Crude Exports

2014-12-18 01:35:10| oilandgasonline Home Page

A new report from the non-partisan Congressional Budget Office (CBO) confirms that removing export barriers for U.S. crude oil could incentivize higher domestic production, grow the economy, increase federal revenues, and put downward pressure on gasoline prices.

Tags: benefits economic api exports

 
 

GE executives: Oil & Gas business is doing OK despite falling crude prices

2014-12-17 23:53:23| Oil & Gas - Topix.net

Although almost a quarter of GE's industrial revenue is tied to the oil and gas industry, the company says it isn't concerned about the impact of plummeting crude prices. "We like this space," CEO Jeffrey Immelt told investors on a conference call on Tuesday.

Tags: business prices ok gas

 

Early slowdown signs emerge for U.S. oil states after crude slide

2014-12-15 10:53:25| Real Estate - Topix.net

After leading the U.S. economic recovery out of recession, some of the nation's top oil states are showing early signs of a slowdown as a result of the plunge in crude prices. In Houston, Texas, the first oil industry layoffs have been announced, with realtors there predicting a sharp decline, up to 12 percent, in home sales next year.

Tags: states early oil signs

 

US stocks slump as crude oil renews its slide

2014-12-11 10:57:13| Energy - Topix.net

" U.S. stock indexes fell Wednesday, weighed down by declines in energy companies as the price of oil resumed its slide. Investors are also speculating the Federal Reserve will signal that it intends to raise interest rates next year should the economy continue to strengthen.

Tags: oil slide stocks crude

 

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