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Oil increases above $62 a barrel as more energy companies cut investments
2014-12-18 01:00:00| Offshore Technology
The price of Brent crude oil increased 2% to above $62 a barrel on Thursday as more energy companies cut investments worldwide.
Tags: companies
energy
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Penn West Petroleum to slash quarterly dividend by 78%, cut 2015 capital budget
2014-12-17 17:31:16| Energy - Topix.net
Penn West Petroleum Ltd. is reducing its 2015 capital budget and slashing its dividend by 78.6 per cent in response to the current price environment, in which the price of crude has plunged globally to five-year lows. The Calgary-based company says its dividend will drop to three cents per share, starting with the April 15 payout to shareholders, from 14 cents per share.
Union Pacific Price Target Cut to $132.00
2014-12-17 15:25:11| Railroads - Topix.net
The firm currently has a "buy" rating on the stock. Bank of America's price objective suggests a potential upside of 17.50% from the stock's previous close.
Petrol, diesel rates cut by Rs 2 per litre
2014-12-16 01:50:26| Energy - Topix.net
Petrol and diesel prices were on Monday cut by Rs 2 per litre each as international oil prices slumped to five-year low. This is the eighth straight reduction in petrol prices since August, and fourth in diesel since October.
VIDEO: 'Biggest battery' could cut energy bills
2014-12-16 01:14:07| BBC News | Business | UK Edition
Scientists have built the biggest battery in Europe, to see if it can store power locally, rather than rely on the national grid. It could cut consumer's energy bills.
Tags: video
energy
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