Oil Sands News
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WorleyParsons Ltd., Australia’s largest oil and gas engineering company, plunged the most in four and a half years after cutting its earnings forecast following lower resource spending in Australia and Canada.
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Updated 1 hour, 8 minutes ago
Jamie Oliver has sold more than 30 million cook books, starred in television shows around the world and owns more than 30 restaurants, from London to Sydney.
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Canadian heavy oil prices weakened in light trading on the spot market on the last day of index trading for June deliveries.
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Updated 2 hours, 20 minutes ago
Prime Minister Stephen Harper is seeking to counter opposition to TransCanada Corp.’s Keystone XL pipeline, a project crucial for boosting Canada’s economy and Harper’s plans to make the country an energy superpower to rival Saudi Arabia.
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British Columbia Premier Christy Clark’s Liberal Party defeated the opposition New Democratic Party in a surprise election result that may bolster plans by Enbridge Inc. to ship more oil across the Canadian province.
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West Texas Intermediate crude fell for a fourth day, the longest stretch of declines this year, on forecasts that U.S. supplies climbed from an 82-year high.
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Spot Canadian crudes strengthened versus futures amid speculation that U.S. refinery demand for Canadian imports will rise as plants finish maintenance.
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Canada is “very close” to an agreement with industry on new rules to lower greenhouse-gas emissions from the oil and natural gas industry, Environment Minister Peter Kent said.
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Voters in British Columbia go to the polls today with Adrian Dix, leader of the New Democratic Party who opposes new oil pipelines in the Canadian province, favored to oust Premier Christy Clark.
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The U.S. shale boom will send “shockwaves” through the global oil trade over the next five years, benefiting the nation’s refiners and displacing OPEC as the driver of supply growth, the IEA said.
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