Tags » Oil Sands

Credit Suisse: Oil Has Stabilized Because Saudis Got What They Wanted

Forget wealth effect. The global equity market can’t have a smooth bull run if oil prices are tanking.

This is because commodity-related capital expenditure accounts for around 30% of total capex globally, so even though consumers may benefit from cheaper oil, companies are hit first. 421 more words


Oil jumps $2, breaking range as supply seen ebbing

NEW YORK (Reuters) – Oil prices jumped more than $2 a barrel on Tuesday, breaking out of a month-long trading range on a mix of technical buying and industry talk as well as U.S. 500 more words


Suncor Boosts Stake in Fort Hills Oil Sands Project

Suncor Energy Inc. is deepening its exposure to its Fort Hills oil sands mine, buying an additional 10-per-cent stake even as oil prices languish under $50 (U.S.) a barrel. 165 more words


Goldman Cuts Oil Price Forecast - that could drive prices as low as $20 a barrel.

SEOUL (Reuters) – Crude oil prices fell on Friday as a stronger dollar, Saudi Arabia’s dismissal of a producer summit and a lower price forecast by Goldman Sachs weighed, with prices headed for a weekly loss despite rallying in the previous session. 889 more words


Atlantic Crude Adds to Seasonal Pressure on Prices : Bloomberg -Russia Rules Out Deal With OPEC

  • North Sea output set to reach highest level in over 3 years

  • Abundant supply comes as refiners poised to start maintenance

The North Sea and Nigeria will ship the most crude in more than three years in Octobe… 677 more words


Shilling : "Oil is headed for $10 to $20 a barrel.''

If crude’s slump back to a six-year low looks bad, it’s even worse when you reflect that summer is supposed to be peak season for oil. 350 more words


Iran Targets 45 Oil Projects To Boost Output : Bloomberg

Iran has selected 45 oil and gas projects to show international companies at a conference in London in December when new oil contract models will be discussed ahead of exploration auctions to double the country’s crude output. 540 more words