Daily Archives: March 23, 2009

Ed Crooks

In Energy Source:

Suncor and Petro-Canada to merge Read more

Ed Crooks

Breaking news this morning: Suncor Energy has announced it is buying Petro-Canada for about C$20bn. The two companies are describing the deal as a merger, but it is really a takeover. The interesting question now is whether, now the ice has been broken, other companies move to do oil sands deals. Read more

James Fontanella-Khan

Energy news from elsewhere:

- Suncor is close to buying oil rival Petro-Canada for $15bn (WSJ)

- Crude oil rises as dollar’s decline increases commodity demand (Bloomberg)

- OZ Minerals shares on halt pending China bid update (Reuters)

- European clean-coal projects win extra $1.4bn (BloombergRead more

James Fontanella-Khan

Energy news from the FT:

- Chinese stockpiling spurs copper price rally
Price of the metal rose 28 per cent this year Read more