CALGARY, Alberta, May 25- A wildfire raging in northeastern Alberta has shut down around 233,000 barrels per day of production at three oil sands projects and is expected to remain out of control for "some while yet," a provincial government spokesman said on Monday. Over the weekend, Cenovus Energy Inc and Canadian Natural Resources Ltd evacuated staff and halted...» Read More
The Organization of the Petroleum Exporting Countries aims to keep oil prices at a "reasonable" $50-$60 a barrel, a level that supports upstream investment and economic growth, the head of its research arm said on Thursday.
Judy, Judy, Judy--HELLO!. You're in 6th place after Tuesday's "Trading With The Stars" action. That's after you were in 4th place on Monday. Okay, Judy's had two days of falling value--something that did NOT go unnoticed by CNBC's Michelle Caruso-Cabrera on "Morning Call." That's the show Judy's playing for--at least the first hour.
Here's our current celebrity standings for "Trading With The Stars," and what they've been up to. Not much difference from Monday, as the top three spots remain the same. But Judy Gold is slipping down a bit. She was in 4th place after Monday's action, but is now in 6th from Tuesday. James Cromwell moves up to 5th from 6th.
Australia-listed zinc miner Zinifex said on Tuesday Canada's Wolfden Resources has backed a scaled-down $306 million takeover bid.
Arcelor Mittal, the world's biggest steel maker, could be interested in making a hostile takeover of South Korean steel maker POSCO, the Korea Economic Daily said on Friday.
Here some of Thursday’s big movers on European stock markets: Bwin Interactive Entertainment, Sidenor, William Demant, Sacyr Vallehermoso, Pernod Ricard, Carrefour and TUI.
The recent slide in gold prices has confounded traders and investors. Normally safe-haven investments tend to rise as money moves out of riskier propositions like stocks.
In today's "Faber Report", David took a closer look at a sharp decline in the price of one of the hottest commodities of 2006. Find out what it is and which mining deal he's watching closely as a result.
Investors who bought precious and base metals this past year struck pay dirt. Prices rose 18% and 63%, respectively. But while copper has reached a peak most likely not seen again for many years, a shift in monetary reserves from dollars to euros and gold will push that commodity even higher. So said Dennis Gartman this morning on “Squawk on the Street.”
As we've said--OPEC meets tomorrow (threatening production cuts) and U.S. gas inventories are out (down)--as we've been focusing on the global energy picture. But what does it mean for your stock portfolio? Here are some picks from two energy stock analysts on "Morning Call." Jacques Rousseau is an analyst with FBR. He says it all about being selective right now. James Wicklund is Energy Equity Analyst with Banc of America Securities....
The U.S. oil inventories report (EIA) is out. And the decline for the week is much lower than expected. The numbers show crude supplies down 4.3 million barrels. And the decline in gas supplies are some 100,000 barrels. Oil refinery capacity was at 89.1% last week...
U.S. stocks are taxiing towards a slightly higher opening today as airline takeover activity is set to give the transports a lift. Retail sales data for November could also give the market some direction and provide further clues to the consumer this holiday season. MERGERS AT THE GATE: Our Phil Lebeau is reporting on takeover talks...
We'll start with a little shame-less plug--as General Electric Chairman and CEO Jeffrey Immelt will be on "Squawk Box." He'll talk about GE's (parent company of CNBC) guidance that came out Tuesday. The company says it should see profit growth of about 13% in 2007. That's less than the estimate of about 15% for this year--but still above analyst estimates. You can also see Immelt on cnbc.com.
It's all about the jobs report today. World stock markets trend flat to lower ahead of the report and U.S. stocks are mixed ahead of the opening. The dollar remains in a tight range and oil traded higher over night on expectations OPEC may limit production again when it meets next week.
Hugo Chavez easily won re-election as president of Venezuela on Sunday. Chavez called his re-election--a defeat for U.S. President George Bush. Chavez said he will continue to use Venezuela's oil to expand social welfare programs--and continue to challenge the U.S. in Latin America. It's no secret the two men don't like each other.
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