Markets & Investment
Oil set for best week since early March on better demand outlook
Friday, April 16, 2021, 6:28 AM MDT
Oil edged higher at the end of a week in which prices have climbed on optimism the recovery in demand…
COVID 19 cases among crew of oil tanker anchored off Cape Breton: union
Friday, April 16, 2021, 6:10 AM MDT
An oil tanker has been anchored off Cape Breton since Sunday because of concerns several crew members may have contracted COVID-19. Karl…
Hedging gains reversed for many producers in 2021 as oil prices stabilize – new report
Thursday, April 15, 2021, 9:49 AM MDT
An average of 1.5 million bbsl/d were hedged by North American oil producers heading into 2021 in fixed swaps, collars…
Oil drops below $63 after jumping on stellar U.S. demand data
Thursday, April 15, 2021, 6:40 AM MDT
Oil eased, cooling some of a rally that pushed prices up by almost five per cent on Wednesday. Futures in…
Oil rises after IEA brightens outlook, U.S. stocks seen lower
Wednesday, April 14, 2021, 6:34 AM MDT
Oil advanced for a third day after the IEA lifted its forecasts for demand and an industry report pointed to…
U.S. oil comprised 77 per cent of Canada's foreign oil imports last year: regulator
Wednesday, April 14, 2021, 6:16 AM MDT
Canada is growing ever more reliant on imported American oil, a new report from the country's energy regulator suggests, putting…
A key oil spread heralds rising competition among suppliers
Tuesday, April 13, 2021, 6:23 AM MDT
The battle for oil sales is set to become more intense as rising output from OPEC+ and the Middle East…
Oil rises near $60 with China trade robust amid virus concerns
Tuesday, April 13, 2021, 6:16 AM MDT
Oil rose with traders looking for the next catalyst to shake the market out of a recent tight trading range.…
Tamarack Valley strikes deal to buy private Anegada Oil for $494 million
Monday, April 12, 2021, 6:49 PM MDT
In another sign of ongoing Canadian oilpatch consolidation, Tamarack Valley Energy Ltd. says it has agreed to buy private Anegada…
Oil rises toward $60 as investors weigh near-term demand outlook
Monday, April 12, 2021, 6:11 AM MDT
Oil gained, nearing $60 a barrel, as investors continued to assess the recovery in consumption globally. Futures in New York…
Total is poised to make $5 billion bet on Uganda oil project
Friday, April 9, 2021, 6:29 AM MDT
Total SE is poised to go ahead with a $5.1 billion plan to tap more than a billion barrels of…
Shale giant praises ‘brilliant’ OPEC for rebalancing oil market
Friday, April 9, 2021, 6:23 AM MDT
Occidental Petroleum Corp. praised OPEC and its allies for managing crude markets out of last year’s historic crash and said…
