Tag: Crude Prices
Oil prices rebound, banks rise: US stocks higher midday
Oil prices make strong rebound Friday morning A strong rebound in oil prices and an encouraging report on retail sales helped lift the U.S. stock market in afternoon trading Friday, putting it on course for its first gain in a week. Financial and energy companies were among the biggest gainers. Oil was up more than […]
Oil sands cost reductions illustrated by Syncrude 2016 budget
“Syncrude’s success in reducing its cost structure is exceeding market expectations.” – Kubik Canadian Oil Sands Limited (“COS”) today announced its budget for 2016, demonstrating Syncrude’s competitiveness and resilience in a lower oil price environment; operating and capital costs in 2016 will be down significantly from prior years while still enabling production growth. Syncrude Canada Ltd. […]
Oil prices up: Air strikes in Yemen lead supply disruption fears
Oil prices up 5 per cent Oil prices rose sharply on Thursday as mounting tensions in Yemen got traders worried that the flow of crude from the Persian Gulf region could be disrupted. Saudi Arabia and other Gulf states launched strikes on key military installations in Yemen. They aim to oust Shiite rebels who forced […]
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