Suncor Energy Inc. (TSE:SU) reports third quarter 2010 net earnings of $1.022 billion. The press release is quoted as saying: The increase in operating earnings was primarily due to additional upstream production and higher benchmark prices in the third quarter of 2010 compared to the third quarter of 2009. Higher benchmark prices were partially offset [...]
Continue reading "Suncor Energy reports 2010 third quarter results"
Wednesday, August 12, 2009
Oil levels were nearing levels that would likely prompt an increase in supply from the OPEC. Such an action would likely cause oil prices to drop. Furthermore, evidence of a bottoming out of the recession is still a bit patchy. The latest data on industrial production for some of the larger countries continues to remain negative.
Continue reading "Normalcy Trends Chase Higher Oil"
Monday, October 6, 2008
Clearly Monday was not particularly good news for oil companies. With futures settling below $90 per barrel, ($87.81 when Benchmark went to proofing) the industry is seeing the lowest prices since February.
Continue reading "Benchmark: How low can it go?"
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Thursday, November 4, 2010