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Husky Energy 2016 capital budget assumes benchmark crude at US$40 a barrel
2015-12-08 15:48:12| Oil & Gas - Topix.net
Husky Energy is assuming oil will be worth US$40 a barrel next year and that future investments will be able to break even with West Texas Intermediate crude at US$30 per barrel - which is below the latest price. The Calgary-based company is projecting a 2016 capital budget between $2.9 billion and $3.1 billion - about in line with this year - including sustaining and maintenance costs in the range of $2.4 billion and $2.6 billion.
Tags: capital
energy
budget
assumes
Husky Energy 2016 capital budget assumes benchmark crude at US$40 a barrel
2015-12-08 15:32:53| Energy - Topix.net
Husky Energy is assuming oil will be worth US$40 a barrel next year and that future investments will be able to break even with West Texas Intermediate crude at US$30 per barrel - which is below the latest price. The Calgary-based company is projecting a 2016 capital budget between $2.9 billion and $3.1 billion - about in line with this year - including sustaining and maintenance costs in the range of $2.4 billion and $2.6 billion.
Tags: capital
energy
budget
assumes
Crude oil prices fall as OPEC fails to agree on oil production
2015-12-07 01:00:00| Offshore Technology
Crude oil prices have dropped after the Organization of the Petroleum Exporting Countries (OPEC) failed to agree on a production ceiling to cut oversupply.
Tags: prices
fall
production
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In debate over crude oil exports, jobs advocates clash with environmentalists
2015-12-05 23:39:00| Climate Ark Climate Change & Global Warming Newsfeed
LA Times: The story of the Arab oil embargo of 1973, with its high gasoline prices and long car lines at service stations, is a distant memory at best, a tale told by parents and aging relatives. Almost two-thirds of all Americans alive today were toddlers then or had not been born. The legacy of that all-but-forgotten episode in the nations history has triggered a new, little-noticed partisan political battle in Washington a fight to lift the 40-year-old restriction on U.S. crude oil exports imposed as...
US stocks open higher after another month of solid job gains; price of crude oil slides
2015-12-05 01:38:22| Oil & Gas - Topix.net
The healthy sign on the labour market Friday paved the way for the Federal Reserve to begin nudging interest rates higher at its policy meeting later this month. Energy stocks bucked the upward trend after the price of crude took another tumble.
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