Sectors News Results

  • India eases fuel retail rules, allows entry of non-oil firms

    India on Wednesday relaxed its rules for setting up fuel stations in the country after a gap of 17 years, opening to non-energy companies a sector long eyed by global oil majors. India, where fuel demand is expected to rise in coming years, has become a lucrative market after the government removed controls on retail pricing of gasoline and gasoil.

  • Canada's Husky lays off workers as energy sector struggles

    Canadian oil and gas producer Husky Energy Inc (HUSKF) laid off a number of employees on Tuesday, a company spokeswoman said, the latest sign of how Canada's energy sector is struggling with declining capital investment and sluggish growth. Calgary, Alberta-based Husky declined to say how many jobs were affected by the cuts.

  • Canada's oil and gas sector wary of left-leaning parties in minority government

    Canada's energy industry saw its worst-case election result materialize on Monday as the Liberals failed to secure a majority government, leaving them in need of support from left-leaning parties that are opposed to new oil pipelines. Liberal Prime Minister Justin Trudeau won enough seats to form a minority government but fell short of an overall majority.

  • Halliburton Takes U.S. Wobbles in Stride

    Despite a big drop in quarterly earnings reported on Monday and a gloomy outlook for U.S. shale--where the oil-field services company is the market leader--investors liked what they heard. Shares of the Houston-based company rose nearly 8% by midday. Companies that sell picks and shovels to the oil-and-gas industry are particularly sensitive to downturns.

  • Exxon's Climate-Change Accounting Goes on Trial

    Exxon Mobil Corp. (XOM) and New York's attorney general are headed for a showdown this week over accusations the company deceived investors, a rare trial over how the oil industry accounts for the impact of climate change. The trial, which begins Tuesday in state court in Manhattan, is the culmination of a sprawling investigation into Exxon and its accounting practices that spanned four years and three New York attorneys general. It is expected to include as a witness former Secretary...

  • Angola FX market overhaul sees kwanza tumble to record lows

    * Unshackling FX market is among reforms agreed with IMF. * Parallel market slide puts pressure on official rate. * Oil price tumble in mid-2014 caused economic crisis. * Curb on mining, informal sector limits dollars on the street. * Angola FX reserves - By Karin Strohecker and Omar Mohammed.

  • CANADA STOCKS-Energy stocks push TSX higher

    Canada's main stock index rose slightly on Friday, helped by energy stocks, but China's slowest growth in nearly three decades exacerbated concerns about global growth and capped gains. * At 9:42 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 30.07 points, or 0.18%, at 16,456.37. * Six of the index's 11 major sectors were up.

  • Oil falls as China economic concerns outweigh rising refinery runs

    Oil prices edged lower on Friday, as concerns about China's economy outweighed bullish signals from its refining sector, but losses were limited on hopes for progress toward a U.S.-China trade agreement. Benchmark Brent crude oil futures fell 65 cents, or 1.1%, to $59.26 a barrel by 1:06 p.m. EDT. Both Brent and WTI were on track to lose 2% for the week.

  • Energy Stocks Fall Faster Than Oil Prices

    Those are terms equity analysts are using to describe investors' attitude toward energy stocks. Shares of exploration-and-production companies, along with oil-field-service firms, have fallen even more than crude prices this year. A five-year slump in oil prices as well as even longer bouts of rock-bottom natural-gas sales and profligate spending has caused investors to sour on the sector.

  • Correction to Coal Bankruptcies Pile Up Article Oct. 13

    A company owned by the Navajo Nation purchased Cloud Peak mines. "Coal Bankruptcies Pile Up as Utilities Embrace Gas, Renewables," at 9:14 a.m. EDT Oct. 13, incorrectly said the company sold the mines in the 18th paragraph. (END) Dow Jones Newswires 10-14-19 1329 ET Copyright (c) 2019 Dow Jones& Company, Inc..

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