Oil prices underpinned by OPEC cuts Oil prices were mixed in trading on Monday as rising tensions in the Middle East underpinned values but concerns about increasing US production impacted gains. By 1:27 p.m. EST, benchmark Brent had fallen 35 cents to $63.17/barrel, but remained close to two-year highs after rising about 14 per cent
Oil prices mixed as Middle East tensions support market Read More »
Mark Little led integration of Suncor and Petro-Canada corporate cultures following merger Steve Williams, chief executive officer of Suncor, announced the appointment of Mark Little, currently president, Upstream, as chief operating officer (COO), according to a press release. As Suncor’s COO, Little will be responsible for all of the operations and many of the corporate
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Oil prices on track to rise for week Despite expectations that OPEC will extend their supply cut pact to the end of 2018, oil prices fell on Friday on concerns that US crude production will continue to rise. By 1:46 p.m. EST, benchmark Brent was down 34 cents to $63.59/barrel and US WTI dipped 36
Oil prices dip as weekly US rig count rises most since June Read More »
Oil prices “may have reached a short-term peak”: Analyst Oil prices rose slightly on Thursday on Saudi Arabia’s proposed export cuts for next month as well as political unrest in the kingdom. Brent crude was up by 56 cents to $64.05/barrel by 1:32 p.m. EST and US WTI rose 50 cents to $57.31/barrel. The Canadian
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Oil prices slip in Wednesday trading Oil prices dipped in volatile trading Wednesday on rising tensions in the Middle East and despite US Energy Information Administration data that shows an increase in US production and a surprising increase in US crude stocks. By the end of the session, Brent crude was down 20 cents to
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Oil prices rose 3.5 per cent Monday Oil prices dipped Tuesday after reaching highs not seen since July 2015 on Monday, mostly due to rising tensions between Saudi Arabia and Iran. By 1:37 p.m. EST, Brent crude had fallen by 63 cents to $63.64/barrel and US WTI had slipped by 22 cents to $57.13/barrel. The
Oil prices slip from over 2 year highs on Saudi Arabia/Iran tensions Read More »
Services offered by Enform and OSSA will continue, business as usual Enform Canada (Enform) and Oil Sands Safety Association (OSSA), announced they completed the merger between the two safety associations, according to a press release. The new organization is called Energy Safety Canada. “The merger of these two organizations signals a new day for our
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Oil prices up over 30 per cent since June Oil prices nearly hit levels not seen in over two years on Friday on increased demand and expectations that participants in the OPEC supply cut agreement will agree to extend the deal. By 12:46 p.m. EDT, benchmark Brent had risen by 66 cents to $61.28/barrel and
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Oil prices on falling US crude stocks, higher demand Oil prices remained near two-year highs on an upbeat market outlook thanks to the OPEC supply cut pact, tighter demand and falling crude inventories. By 2:25, Brent was up 9 cents to $60.58/barrel after reaching a high of $61.70 on Wednesday, its highest intraday level since
Oil prices steady on tightening market Read More »
Production of 184 Mboe/d up 26 percent per share, per unit operating and well costs down CALGARY, ALBERTA- Seven Generations’ strong production growth drove funds from operations to $284.3 million or 78 cents per share in the third quarter of 2017, representing a 22 per cent increase in funds from operations per share compared to the
Seven Generations strong Q3 results with 22% increase in funds Read More »
