CALGARY, ALBERTA–(Marketwire - 11/10/09) - All values are in Canadian dollars and conversion of natural gas volumes to barrels of oil equivalent (boe) are at 6:1 unless otherwise indicated.
Provident Energy Trust (Provident) (TSX:PVE.UN - News) (NYSE:PVX - News) today announced its 2009 third quarter interim financial and operating results and the November cash distribution of [...]
By CHRIS KAHN
Oil prices dipped below $38 a barrel Tuesday on fresh evidence of weakness in the U.S. housing market and a shrinking gross domestic product that suggests the recession may be worsening.
A report by the Commerce Department showed that sales of new homes fell in November to the slowest pace in nearly 18 years, [...]
Light, sweet crude for February delivery fell $2.45, or nearly 6 percent, to settle at $39.91 a barrel on the New York Mercantile Exchange.
By the Associated Press
Oil prices tumbled below $40 a barrel Monday as reports from manufacturers like Toyota and Caterpillar pointed to a worsening global economic climate and serious deterioration in energy demand.
Light, [...]
Oil prices reached $147 a barrel, an all-time high, in mid-July. Within weeks, a federal agency acted to “jump-start” the Bush administration’s five-year program to open additional offshore areas to petroleum and natural-gas drilling.
The five-year program was developed in July 2007 when, the Minerals Management Service noted, oil was “only” $64 a barrel.
Just 12 months [...]
By MARK WILLIAMS
COLUMBUS, Ohio – Retail gasoline fell to a new three-year low Tuesday and in an unprecedented decline, crude oil costs $100 less per barrel than it did four months ago with a U.S. recession eating away at energy demand.
Analysts believe prices at the pump may finally be bottoming out after a precipitous [...]
COLUMBUS, Ohio – Oil prices tumbled below $50 a barrel Monday as National Bureau of Economic Research reported that the U.S. economy has been in a recession since December 2007 and the Dow Jones industrial average fell nearly 700 points.
A tandem of bleak economic reports led to an early decline even before the NBER report [...]
Shaun Polczer, Calgary Herald
Published: Thursday, November 13, 2008
Falling oil prices will lead to future supply shocks, and in turn even higher prices, the International Energy Agency said in its global energy outlook Wednesday.
But the prospect of energy shortages in the not-too-distant future did nothing to ease the upheaval on world oil markets. OilpricescontinuedtofallinNew York, closing [...]
By H. JOSEF HEBERT • Associated Press • November 13, 2008
WASHINGTON — The dramatic drop in world oil prices means a break this winter in heating costs, although households will still be paying more than they did last winter, the government says.
Gasoline prices, which have declined by nearly 50% since July, are expected to remain [...]
LONDON – Oil prices fell below US$69 a barrel Wednesday as investors shrugged off a looming OPEC production cut after company forecasts suggested the U.S. may be headed for a severe economic slowdown that would crimp demand for crude.
Light, sweet crude for December delivery dropped US$3.37 to US$68.81 a barrel in electronic trading on the [...]
DECATUR, Oct 22, 2008 (Herald & Review - McClatchy-Tribune Information Services via COMTEX) — AEE | Quote | Chart | News | PowerRating — Some good news, at last, on the utility bill front: Wholesale prices of natural gas are dropping steeply and expected to remain lower than predicted throughout the winter.
Ameren Illinois utilities announced [...]
