Oil prices down, gasoline prices rise On Thursday, oil prices dropped and gasoline prices rose amid concerns over crude demand as refineries in the US Gulf Coast region shut down operations in preparation for Hurricane Storm Harvey. By 4:54 p.m., Brent crude was trading at $52.13/barrel, down 44 cents and US WTI was down by […]
Oil prices fall on stronger US dollar, concerns over Hurricane Harvey Read More »
Oil prices up as crude stocks fall by 3.3 million barrels Oil prices rose over one per cent on Wednesday after the United States Energy Information Administration reported US crude stocks fell by over 3 million barrels last week. Brent crude futures were up by 57 cents to $52.54/barrel by 12:44 p.m. EDT and US
Oil prices up over 1% on US crude stocks draw, could rise much higher in the fall Read More »
Oil prices edge up Tuesday Oil prices rose slightly on Tuesday on expectations that US crude stocks will decline, but price gains were tamed on reports that the Sharara oil field in Libya has been reopened. Brent crude rose 35 cents to $52.01/barrel by 12:57 p.m. EDT and US WTI inched up 42 to $47.95/barrel.
Oil prices rise on expected US crude drawdown Read More »
Oil prices down almost 2 per cent Oil prices fell nearly 2 per cent on Monday, bringing to a halt last week’s rally that saw crude rise over 3 per cent on Friday. Brent crude fell $1.40 to $51.32/barrel by 2:10 p.m EDT and US WTI dropped by $1.41 to $47.10/barrel. Han van Clef, senior
Oil prices drop, decline shuts down late last week’s rally Read More »
Oil prices up over 3 per cent Oil prices rose over 3 per cent in trading Friday on Wall Street gains and a decline in the US dollar, despite investors concerns about the global crude glut. By 1:23 p.m. EDT, Brent crude was at $52.61/barrel, up $1.58 and US WTI rose by $1.34 to $48.43/barrel.
Oil prices up on stronger stock market, weaker US dollar Read More »
Pengrowth re-focuses on 100%-owned core areas, Birchcliffe reduces debt in order to fund capex Pengrowth closes significant asset sales Pengrowth Energy Corp.’s Q2 2017 financial report highlights asset sales, as well as reductions to outstanding debt and cost structures, the company announced in a press release. Since the start of 2017, Pengrowth closed $827
Alberta energy brief: Pengrowth sells $827 million of asset of assets to reduce debt Read More »
Oil prices pressured by high production, inventories On Tuesday, oil prices fell as investors already concerned about the global glut of crude struggled with a rising US dollar and weaker demand for petroleum in China. Brent crude was dow 13 cents to $50.60/barrel by 12:53 p.m. EDT and US WTI fell by 14 cents to
Oil prices fall as investors worry about oversupply, strong greenback, weak Asia demand Read More »
Transaction values TESCO common stock at $4.62 per share Tesco Corporation announced it entered an agreement Nabors Industries Ltd. to combine with Nabors in a stock-for-stock transaction, according to a press release. TESCO shareholders will be issued 0.68 common shares of Nabors for each outstanding share of common stock of TESCO. TESCO shareholders will own approximately 10 per cent of the outstanding shares
Calgary-based oil rig maker TESCO Corp. sold to USA competitor Nabors Industries Read More »
Oil prices down 2 per cent Monday Oil prices fell by 2 per cent on Monday in volatile trading as the US dollar rose and China posted weak domestic demand data. Earlier in the day, oil prices rose slightly on concerns over possible reductions in Libya’s crude supply after the country’s National Oil Corporation (NOC)
Oil prices drop on strong US dollar, weak China data Read More »
Oil prices impacted by Trump sabre-rattling Oil prices fell in trading on Friday after the International Energy Agency said weak compliance among participants in the OPEC supply cut pact was slowing the rebalancing of the oil market. Brent crude fell to $51.68/barrel by 12:20 p.m. EDT and US WTI was down 21 cents to $48.38/barrel. Oil
Oil prices fall after Trump North Korea threats, IEA report says OPEC compliance weak Read More »
