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  1. Bank of Canada says oil shock hitting faster, not larger

    Headlines

    Tue, 28 Apr 2015

    OTTAWA, April 28 (Reuters) - The impact of cheaper oil prices on the Canadian economy is happening faster than the Bank of Canada initially expected, but the shock does not appear to be larger than anticipated, the central bank Governor Stephen Poloz reiterated on Tuesday.

  2. UPDATE 1-National Oilwell forecasts declining revenue

    Headlines

    Tue, 28 Apr 2015

    April 28 (Reuters) - National Oilwell Varco Inc, the largest U.S. oilfield equipment maker, reported lower-than-expected quarterly revenue and forecast declining revenue for the next few quarters as weak oil prices reduce drilling activity.

  3. Valero Reports First-Quarter Earnings; Maintaining Fair Value Estimate

    Commentary

    Tue, 28 Apr 2015

    39 from $10.90 per barrel because of stronger gasoline and secondary product margins per barrel relative to Brent crude oil prices and lower natural gas costs. This was offset somewhat by lower discounts per barrel for most sweet and sour crude oils relative

  4. Refining helps BP and Total weather oil price storm

    Headlines

    Tue, 28 Apr 2015

    LONDON/PARIS (Reuters) - BP and Total reported higher than expected profits on Tuesday thanks to steep increases in profits from refining, showing the resilience of global oil firms in the face of slumping oil prices .

  5. Cutting SembCorp Marine's Fair Value Estimate Because of Poor Order Wins and Weak Growth Outlook

    Commentary

    Tue, 28 Apr 2015

    year to date amount to only SGD 56 million versus SGD 4.2 billion in full-year 2014 as a result of a the rapid plunge in oil prices and cutbacks in project budgets by energy companies. SembCorp's net order book is SGD 10.6 billion, down 7% from the

  6. Alberta voters may end ruling party's 44-year run after oil plunge

    Headlines

    Mon, 27 Apr 2015

    Canadian province of Alberta, the largest source of U.S. crude imports, may be poised to change its government for the first time in 44 years as the ruling Progressive Conservatives (PCs) struggle with the shock of tumbling oil prices .

  7. Slow Money and Credit Growth Continue to Plague Global Economies

    Headlines

    Mon, 27 Apr 2015

    commodity prices, in my view, is neither imminent nor likely. Conclusion Weak commodity prices and particularly the decline in oil prices in the last six months of 2014 were widely greeted by analysts and economists as equivalent to a tax cut, from which many

  8. Investments Ding W.R. Berkley's 1Q, but Underwriting Performance Solid

    Commentary

    Mon, 27 Apr 2015

    10.3% in the quarter as a result. While these investments will introduce some volatility in reported results until the price of oil stabilizes, we don't see this issue as material from a long-term prospective, and we will maintain our fair value estimate

  9. UPDATE 1-Hedge funds raise bets on rising Brent price to new record

    Headlines

    Mon, 27 Apr 2015

    LONDON, April 27 (Reuters) - Hedge funds and other money managers raised their bets on rising Brent crude oil prices for a fifth week in a row to a new record, exchange data showed on Monday.

  10. MIDEAST STOCKS-Saudi, Dubai pull back after rallies; Egypt nears 2015 low

    Headlines

    Mon, 27 Apr 2015

    DUBAI, April 27 (Reuters) - Gulf stock markets were mixed on Monday as strong oil prices supported investor sentiment but Saudi Arabia and Dubai pulled back slightly from 2015 highs hit in the previous session. Egypt remained depressed by tax and foreign currency concerns.

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