Rising oil prices spark hopes for faster sector comeback
Article Abstract:
Crude oil prices gained by 2.4% to $13.63 on Mar 8, 1999, fueled by the news that Saudi Arabia and Iran have agreed to resolve their differences regarding production cuts. However, industry analysts believe that the surge in oil prices will not be sustained over the next several months because of huge inventories of crude oil around the world, estimated at around 700 million barrels. In addition, the OPEC has a tradition of making agreements on production cuts, only to collapse later.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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Former Gulf Canada head got $5.61-million sendoff in 1998
Article Abstract:
Gulf Canada Resources Ltd former head J.P. Bryan, who resigned from the company in Feb 1998, received a severance pay of C$5.61 mil in 1998. In addition, Bryan collected a salary of C$133,330 and other payouts totalling C$71,711. While acting as pres and CEO of Gulf Canada in 1997, he received bonuses of C$1.43 mil, over C$800,000 in salary and approximately C$804,000 in other remuneration.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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Comment about this article or add new information about this topic:
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