Devon trims output forecast on Canada drop
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Independent oil and gas producer Devon Energy Corp.  on Friday trimmed its production forecasts through 2009 as Canadian gas output continued to suffer because of weak margins.
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Crude futures fell sharply Monday amid milder U.S. winter weather on the first trading day of the new year and expectations of increased output from Canada and North Sea.
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OPEC may be considering cutting its production to stem the recent steep decline in oil prices.
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Westar Energy Inc. expects to earn 15 cents per share less from its ongoing operations in 2004 than previously projected, the company said Monday.
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MUMBAI: With international commodity prices remaining high and a deficient monsoon, the Reserve Bank of India on Tuesday scaled down its economic growth forecast for 2004-05 to 6-6.
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CAIRO  - OPEC oil producers appeared set to agree on a reduction in crude output by stepping up quota compliance to thwart a feared drop in prices as global energy demand slows next year.
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TORONTO (CP) - Earnings warnings from Celestica and Coca-Cola along with a slowdown in US industrial production sent stock markets lower Wednesday.
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LONDON: A leading business group cut its 2005 forecast for British economic growth yesterday, blaming a combination of high oil and commodity prices, slowing global growth and domestic interest rate rises.
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OTTAWA (CP) - Sustained weakness in the US dollar will dampen American demand for Canadian products at the same time the global economy also appears to be slowing, Bank of Canada Governor David Dodge warned Wednesday.
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OPEC's president and oil powerhouse Saudi Arabia stepped back from direct calls to slash output yesterday, the eve of the group's year-end meeting, in potential good news for consumers worldwide.
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Coca-Cola Enterprises Inc. (CCE.N: Quote, Profile, Research) , the world&#39;s largest bottler of Coca-Cola drinks, on Wednesday cut its earnings forecast due to lower-than-expected
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A sharp plunge in energy prices  pulled U.S. producer prices down 0.7 percent last month, a  sharper-than-expected drop and the biggest in more than 1-1/2  years, a government report showed on Friday.
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Slashed earnings estimate pulls down shares.
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Nortel Networks Corp. will cut 250 fewer jobs than it first expected but nearly a quarter of the 3,250 employees facing pink slips over the next nine months are slated to come from Ottawa, the company revealed yesterday.
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OPEC might make deeper cuts in production if prices continue to slide, Gulf oil ministers said Saturday, a day after crude prices tumbled to their lowest levels in five months when producers decided to limit supply by 1 million barrels a day.
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The Canadian dollar dropped two-thirds of a US cent in early trading Friday after a tame inflation report eased pressure on the Bank of Canada to raise interest rates in coming months.
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Oil prices eased yesterday as top world exporter Saudi Arabia slashed prices for its westbound crude sales in an effort to shift the large volumes it is offering to cool world markets.