24/7 Wall St.Oil Nations Face Financial Debacle24/7 Wall St.Low oil prices have taken a toll on U.S. producers, sending some of the smaller firms with high debt loads into the bankruptcy courts. The impact on some oil producing nations has created similar …
The Globe and MailMoody's downgrades of Cenovus and Encana stoke worries in oil patchThe Globe and MailMoody's Investors Service's downgrade of debt held by Cenovus Energy Inc. and Encana Corp. to junk status shows that financial strains from o …
Global oil, gas prices to remain weak in 2016: Moody'sEconomic TimesNEW DELHI: Global oil and gas prices will remain weak in 2016 on continued oversupply that will result in at least 20-25 per cent reduction in capital spending in upstream oil and gas …
CBC.caLow oil price takes big bite from Chevron, Exxon earningsCBC.caThe world's biggest oil companies are reporting grim results in the third quarter of 2015, with Chevron Corp seeing profit fall by 64 per cent and Exxon profit down 47 per cent. Those …
USA TODAYThe 90-second oil change: Castrol claims a breakthroughUSA TODAYThe oil change may be about to endure a change of its own. A big motor-oil maker plans to announce Thursday that it has achieved a breakthrough in engine-lubrication design that makes …
The Globe and MailCanadian oil patch on downgrade alert as credit raters, bond market take stockThe Globe and MailOf the 37 Canadian oil and gas companies' bond prices followed by Moody's Analytics, the credit rater's market-tracking unit, 29 a …
Financial TimesUS shale oil industry hit by $30bn lossesFinancial TimesCapital spending by listed US independent oil and gas companies exceeded their cash from operations by about $32bn in the six months to June, approaching the deficit of $37.7bn reported …
Saudi Arabia's stock market slips on weak oil prices, Egypt edges upEconomic TimesThe main Saudi stock index edged down 0.3 per cent and petrochemicals heavyweight Saudi Basic Industries fell 0.7 per cent after oil prices, which affect the company' …
CBC.caOil-by-rail shipment concerns spark opposition to US projectsCBC.caThe broad issue of shipping resources from the U.S. West Coast — whether that be coal, oil or liquefied natural gas — raises an "identity question," said Eric de Place, with …
ReutersMood sours among Saudi businessmen as oil slidesReutersConsultant Fawaz al-Alami wrote in the Al Watan newspaper that instead of issuing bonds to finance itself in an era of cheap oil, the government should save money by cutting subsidies that keep …