Teck Resources and Freeport-McMoRan led a mining stock rally on Friday as surging oil prices provided relief for their foray into energy before prices tumbled.
Oil Sands Mining News
The net loss also included a number of other smaller items, partially offset by an increase in revenue to $2.85 billion from $2.62 billion.
Canada is the world’s fifth largest oil and gas producer and its energy export revenues are a significant part of the economy.
Faced with record low prices for heavy crude, Canadian energy companies are sacrificing other parts of their business to keep higher-cost oil sands production going.
The company has named Sandy Martin as its new chief executive officer.
Buyers are not biting in worst market in generation.
Experts looked at over 500,000 survey responses from over 60,000 employees in 13 different industries worldwide.
We decided to conduct an experiment at Home Depot to find out if that's true. Our landmark investigation left no stone unturned.
The Canadian oil giant lowered capital spending plan to between $6bn and $6.5bn from a November estimate of $6.7bn to $7.3bn.
According to Bloomberg, the Russian Energy Ministry issued a statement that "Energy Minister Alexander Novak and the heads of Russia's biggest oil companies discussed the possibility of working with OPEC."
The firm has signed a deal with a power equipment manufacturer that will create up to 120 jobs in Quebec.
Moscow's foreign minister says Russia is ready to talk as country's oil production reaches post-Cold War high.
For the first time since the height of the Seventies oil crisis and the end of the gold standard does an ounce of gold buy you more than 34 barrels of oil.
The ratings agency expects physical supply/demand imbalance to widen further, leaving miners in extremely weak conditions.
Inventories will continue to rise, but the momentum is slowing.
In this interview with The Energy Report, Frank Holmes and Samuel Pelaez name their favorites and outline the fundamentals that will make 2016 look a lot different than the year that just ended.
Here are three compelling reasons why 2016 may be the perfect time to add gold to your portfolio.
Oilprice.com recently spoke with Carl Larry, Director of Oil and Gas at Frost & Sullivan, a consultancy that conducts research on oil and gas markets, to get his thoughts on the state of oil in 2016.
Top miners BHP Billiton, Rio Tinto, Vale and Anglo American are among the firms at risk of rating downgrade.
Investors should analyze 2016 year to date action as it is generally a good predictor of how the year will look.
This year’s version has an interactive design that allows users to sort returns by various categories including returns, volatility, and other groupings.
Miners suffering fresh sell-off as oil price falls and the IMF lowers growth forecast for China, rattling investors.
Brace yourselves Canadians, the pipeline drama is about to heat up again.
After months of hostile rhetoric, the two Calgary-based companies have reached a takeover agreement.
Second worker is in critical condition.