Oil prices rose Monday on the prospect of increased demand from China after data showed an improvement in manufacturing.Benchmark U.S. oil for July delivery was up 58 cents to US$103.29 a barrel at 2:30 a.m. ET in electronic trading on the New York Mercantile Exchange. The contract fell 87 cents to close at $102.71 on Friday.Chinese data showed Sunday that manufacturing grew for the third consecutive month in May, suggesting a slowdown in the world's second-largest economy is stabilizing.The [Read more]
Not a ‘know-all:’ Tutu says he won’t tell Canadians what to do about environment
FORT MCMURRAY, Alta. - South African Archbishop Desmond Tutu says he has come to northern Alberta not as an expert on climate change, but hoping to bring people together on an issue that he says is crucial to the future of all creation."I don't come as a know-all who is going to pontificate and tell you Canadians what you must do," he told reporters Friday before opening a two-day conference on oilsands development and First Nations treaties in Fort McMurray."I think I can almost say, without [Read more]
Desmond Tutu goes to Fort McMurray, calls oilsands “filth” created by greed
FORT MCMURRAY, Alta. - Anglican archbishop Desmond Tutu has called Alberta's oilsands "filth" created by greed, and has urged all sides to work together to protect the environment and aboriginal rights."The fact that this filth is being created now, when the link between carbon emissions and global warming is so obvious, reflects negligence and greed," Tutu told more than 200 rapt attendees at a conference on oilsands development and treaty rights in Fort McMurray on Saturday."The oilsands are [Read more]
Quebec OKs initial surveys on Anticosti Island to see if it’s worth exploring
QUEBEC - The Quebec government has given the green light to go ahead with environmental assessments to see if it is possible to explore for oil on Anticosti Island.Natural Resources Minister Pierre Arcand said Friday about 15 surveys will be conducted on the island's soil this summer.More extensive work, including the drilling of three wells, will be done in the summer of 2015 if the results of a strategic environmental assessment on Anticosti Island are favourable.The activity is in conformity [Read more]
Crude oil falls below US$103 barrel; down 1.6% for the week on amble supplies
The price of oil fell below US$103 per barrel Friday on ample supplies of crude and fuels.Benchmark West Texas Intermediate crude for July delivery fell 87 cents to close at US$102.71 a barrel on the New York Mercantile Exchange. The contract closed down 1.6 per cent for the week, though it finished the month up nearly three per cent.Brent crude, a benchmark for international oil used by many U.S. refineries, fell 56 cents to close at US$109.41 a barrel in London.The price of crude was pulled [Read more]
Desmond Tutu heads to Fort McMurray
FORT MCMURRAY, Alta. - South African Anglican Archbishop Desmond Tutu is expected to open a two-day conference on aboriginal treaties and the oilsands today by answering questions from reporters and taking an aerial tour of the massive industrial development. He is scheduled to appear with industry, aboriginal and political leaders in Fort McMurray. Tutu is to deliver the keynote address on Saturday. Tutu, who won the Nobel Peace Prize for his role in the fight against apartheid, has [Read more]
Oil rises above US$103 a barrel after fall in supplies at key trading hub
The price of oil rose above US$103 barrel Thursday on a drop in supplies at the main U.S. oil trading hub and signs of growing gasoline demand in the United States. Benchmark West Texas Intermediate crude for July delivery rose 86 cents to close at US$103.58 a barrel on the New York Mercantile Exchange. On Wednesday, the Nymex contract dropped $1.39 to close at US$102.72. Brent crude, a benchmark for international oil used by many U.S. refineries, rose 16 cents to close at US$109.97 a [Read more]
Escalating costs causing Total E&P Canada to shelve Joslyn oilsands project
CALGARY - Total E&P Canada is putting its Joslyn oilsands project northwest of Fort McMurray, Alta., on hold indefinitely, saying Thursday that the economics aren't good enough to move ahead. The decision means 150 jobs will be cut by the end of this year, but CEO Andre Goffart said some of those workers may be moved to other parts of the French energy giant's global operations. On a conference call with reporters, Goffart said the challenges Joslyn is facing aren't confined to that [Read more]
PrairieSky surges in TSX debut
CALGARY - Encana Corp. spinoff PrairieSky Royalty Ltd. (TSX:PSK) is making quite a debut on the Toronto Stock Exchange.PrairieSky shares are trading about 30 per cent higher than their initial public offering price of $28 per share, surging above $36 on the TSX.As part of a sweeping new strategy unveiled last fall, Calgary-based energy producer Encana (TSX:ECA) decided to separate a big chunk of its Alberta royalty lands into a new publicly traded company.As of the IPO's closing on Thursday, [Read more]
Crude oil falls below $103 a barrel on expectation of increase in US supply
The price of oil fell below US$103 barrel Wednesday as traders expected the Energy Department to report an increase in U.S. supplies.Benchmark West Texas Intermediate crude for July delivery dropped $1.39 to close at US$102.72 a barrel on the New York Mercantile Exchange.Brent crude, a benchmark for international oils, fell 21 cents to US$109.81 on the ICE exchange in London.Traders were waiting for the latest information on U.S. supplies of crude and refined products.Data for the week ended May [Read more]
- « Previous Page
- 1
- …
- 474
- 475
- 476
- 477
- 478
- …
- 547
- Next Page »