Oil futures plunged on a surge in supplies of U.S. oil and a record level of gasoline.» Read More
Trying to pick a bottom in energy stocks: is this the time to go long?
FORT MCMURRAY, Alberta, Dec 16- The boomtown in the heart of Canada's oil sands region is getting nervous. Fort McMurray, surrounded by the boreal forest of northern Canada, has long drawn thousands with jobs that paid six-figure salaries to a region that produces more crude than anywhere else in the Western Hemisphere. Suncor Energy Inc, Total SA and Statoil ASA...
European stock markets closed sharply lower on Friday, as commodity prices continued to fall and and shares in oil-related firms tanked.
A continued fall in the price of oil and a rout in Chinese stocks weighed on investor sentiment, with global equities seeing heavy losses.
Oil and gas exploration projects worth more than $150 billion are likely to be put on hold next year as plunging oil prices render them uneconomic.
European shares closed largely flat on Friday, although oil majors fell sharply after OPEC decided not to cut its output target.
European shares closed higher on Thursday, even as a further fall in oil prices led to heavy selling in the energy sector.
Nov 13- SunPower Corp, the second-largest maker of solar panels in the United States, forecast a much lower-than-estimated 2015 profit. SunPower, majority owned by French energy giant Total SA, expects to earn between $1.10 and $1.50 per share, excluding items, in the next year. SunPower also expects to report full-year gross margin in the range of 21-23 percent,...
Oil production is at the highest in a decade in Nigeria, but the surge is not likely to last long.
European stock indexes accelerated losses to close lower on Tuesday, after seesawing during the trading session.
The oil price plunge has not pushed energy shares to new lows, as much of the damage "has already been done" according to asset managers.
Oil companies are shying away from commenting on outlook as crude oil falls to multi-year lows; however, analysts are slashing estimates.
European shares closed marginally higher on Wednesday, after a bumpy day of trading, as investors looked ahead to the Fed's policy statement.
Sanofi shares tumbled up to 6.2 percent on Wednesday after the French drugmaker's board said it was ousting chief executive, Chris Viehbacher.
Total warned that sliding oil prices had hit its third-quarter results and could weigh for the rest of 2014.
HOUSTON, Oct 27- Venezuela's PDVSA has confirmed it will import light crudes as a diluent for its extra heavy oil production, a cost-saving move for the state-run company that also reveals delays and problems in its main output strategies. The Petrocedeno upgrader, operated with Norway's Statoil ASA and France's Total SA, will be under maintenance as of early...
Oil prices rose on news Saudi Arabia cut its supply to the market in September and on strong economic data from Europe and China.
Russian prosecutors detain four more Moscow airport workers over a plane crash which killed the CEO of oil company Total.
Oil prices slipped on Wednesday after data showed a second consecutive weekly jump in U.S. crude oil stockpiles.
Total has confirmed that Patrick Pouyanne, head of refining up until now, will take over as chief executive, and Thierry Desmarest as chairman.