Royal Dutch Shell weighed on energy stocks on Tuesday after the oil major said it fell short of replacing its reserves as it moved to prepare for a steep slide in oil prices.
Energy stocks fell across the board, pulled down by weakness in the broad market and slack oil prices.
The Amex Oil Index (XOI) [...]

United Press International Tuesday, November 11, 2008
OTTAWA, Nov 10, 2008 (UPI via COMTEX) — Canada’s oil sands are arguably worth nearly $1.5 trillion, or more than four times the official estimate, a think tank said Monday.
The Canadian Center for the Study of Living Standards placed that value on the [...]

Falling oil prices will spur a recovery in demand for crude, according to Tony Hayward, chief executive officer of BP Plc, Europe’s second-biggest oil company.
Oil’s 54 percent drop from its July record in New York was caused by higher OPEC output, slower economic growth and lower U.S. consumption, Hayward said in a speech to the [...]