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Friday Rout in Global Equities Sends U.S. Stocks Lower for Week

2015-04-18 04:34:07| Railroads - Topix.net

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Tags: week friday global lower

 

Splattering of red ink in the oilpatch as crude rout weighs on quarterly results

2015-02-13 07:09:35| Oil & Gas - Topix.net

There was a splattering of red ink in the oilpatch Thursday, as the steep drop in oil prices weighed on the bottom lines of some of the energy sector's biggest names in the last three months of 2014. Oilsands producer Cenovus Energy Inc. said it's cutting its headcount by 15 per cent, mostly contractors, amounting to 800 positions.

Tags: on results red quarterly

 
 

OPEC Cuts Forecast for US Oil-Supply Growth After Price Rout

2015-02-09 16:17:00| Oil & Gas - Topix.net

OPEC cut forecasts for global oil-supply growth in 2015 as U.S. drillers lead a slowdown in drilling after last year's price collapse. The Organization of Petroleum Exporting Countries lowered its estimate for non-OPEC supply growth by about 400,000 barrels a day, led by a reduction of 130,000 a day in the U.S. Estimates for Colombia, Canada and Yemen were also trimmed.

Tags: price growth cuts forecast

 

OPEC Cuts Forecast for US Oil-Supply Growth After Price Rout

2015-02-09 16:00:44| Energy - Topix.net

OPEC cut forecasts for global oil-supply growth in 2015 as U.S. drillers lead a slowdown in drilling after last year's price collapse. The Organization of Petroleum Exporting Countries lowered its estimate for non-OPEC supply growth by about 400,000 barrels a day, led by a reduction of 130,000 a day in the U.S. Estimates for Colombia, Canada and Yemen were also trimmed.

Tags: price growth cuts forecast

 

Crude rout drives Suncor earnings lower

2015-02-05 08:56:36| Oil & Gas - Topix.net

The steep drop in crude prices was evident in the fourth-quarter earnings of Suncor Energy Inc., Canada's biggest oil and gas company. The Calgary-based oilsands giant says its net earnings shrank to $84 million, down 81 per cent from the $443 million it posted a year earlier.

Tags: lower drives earnings crude

 

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