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Canadian Natural Resources chairman sees oil touching US$30 a barrel
2014-11-29 23:32:57| Energy - Topix.net
Canada's oil industry faces a year of "tough slugging," including the deferment of many projects, as oil prices collapse to as little as US$30 a barrel then likely stabilize around US$70 to US$75 a barrel, oil entrepreneur Murray Edwards predicted Friday. Because of its high costs, the Canadian sector will be impacted more than many oil-producing jurisdictions around the world by OPEC's decision Thursday to not cut oil production, said Mr. Edwards, the chairman of Canadian Natural Resources Ltd. and one of Canada's single biggest oil investors.
Tags: resources
natural
oil
canadian
Canadian Natural Resources chairman sees oil touching US$30 a barrel
2014-11-29 22:32:12| Oil & Gas - Topix.net
Canada's oil industry faces a year of "tough slugging," including the deferment of many projects, as oil prices collapse to as little as US$30 a barrel then likely stabilize around US$70 to US$75 a barrel, oil entrepreneur Murray Edwards predicted Friday. Because of its high costs, the Canadian sector will be impacted more than many oil-producing jurisdictions around the world by OPEC's decision Thursday to not cut oil production, said Mr. Edwards, the chairman of Canadian Natural Resources Ltd. and one of Canada's single biggest oil investors.
Tags: resources
natural
oil
canadian
Fresh off a meeting with Anheuser-Busch execs, 10 Barrel founders speak out
2014-11-15 06:57:38| Beverages - Topix.net
The founders of 10 Barrel Brewing say that their acquisition by beer giant A-B InBev will get them better access to hops and barley malting facilities as they continue to grow their Bend-based operation. "We knew there would be some shock factor," said Garrett Wales , who joined fellow co-founder brothers Chris and Jeremy Cox on a call with the Business Journal Friday morning.
TSX lower on weakness in energy, supply concerns push oil below US$75 a barrel
2014-11-14 07:30:18| Energy - Topix.net
Energy stocks helped push the Toronto stock market lower Thursday as concerns about oversupply pushed crude oil prices below US$75 a barrel for the first time in four years. New York's Dow industrials gained 40.59 points to 17,652.79, the Nasdaq rose 5.01 points to 4,680.14 and the S&P 500 index was 1.08 points higher at 2,039.33.
Oil price plummets below $77 a barrel amid OPEC production cuts uncertainty
2014-11-14 01:00:00| Offshore Technology
The price of Brent crude oil declined to a four-year low, touching below $77 a barrel today, amid concerns of ample supply and uncertainty regarding Organization of the Petroleum Exporting Countries (OPEC) production cuts.
Tags: price
production
oil
cuts
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