Markets & Investment
Oil drops with spread of demand pessimism and firmer dollar
Friday, January 22, 2021, 6:33 AM MST
Oil fell near $52 a barrel as pessimism over demand spread with the coronavirus forcing more lockdowns, while a stronger…
Oil falls below $53 with demand jitters from China to the U.S.
Thursday, January 21, 2021, 6:29 AM MST
Oil dipped below $53 a barrel in New York as the demand outlook in some of the world’s largest economies…
Brent oil climbs above $56 with dollar swings dominating market
Wednesday, January 20, 2021, 6:26 AM MST
Brent oil extended gains above $56 a barrel, rising with other assets on hopes of more U.S. economic stimulus and…
Trudeau vows to keep up the fight to sway U.S. on merits of Keystone XL pipeline
Tuesday, January 19, 2021, 6:17 PM MST
Canada won't stop trying to convince Joe Biden of the merits of Keystone XL, Prime Minister Justin Trudeau insisted Tuesday,…
Canada looks to strengthen LNG credentials in 2021 with additional FIDs
Tuesday, January 19, 2021, 7:16 AM MST
Global demand for cleaner-burning natural gas has created a once-in-a-generation opportunity for Canada to develop an LNG industry. While that…
IEA cuts oil demand forecast as new lockdowns temper recovery
Tuesday, January 19, 2021, 6:48 AM MST
The International Energy Agency lowered forecasts for global oil demand as renewed lockdowns to contain the pandemic temper the recovery expected…
Brent oil rises on weaker dollar though IEA cuts demand outlook
Tuesday, January 19, 2021, 6:41 AM MST
Brent oil rose past $55 a barrel – with some assistance from a weaker dollar – even as the International Energy…
Upstream deals reach US$43 billion
Tuesday, January 19, 2021, 6 AM MST
Five multibillion-dollar deals made Q4 2020 one of the highest value quarters for upstream M&A in recent memory, totalling US$43…
Oil near $52 on still-surging virus and stronger dollar
Monday, January 18, 2021, 6:34 AM MST
Oil futures held steady, despite a stronger dollar and physical prices in Asia continuing to trade at weaker levels than…
Oilpatch woes boost Calgary's downtown office vacancy rates to record levels
Monday, January 18, 2021, 5:38 AM MST
Vacancies in Calgary's downtown office towers have risen to record levels and there's no landlord relief in sight with almost…
N.L. offers owners of Terra Nova oilfield $175 million – but only if oil flows again
Sunday, January 17, 2021, 3:43 PM MST
Newfoundland and Labrador is offering $175 million to the owners of the dormant Terra Nova offshore oilfield, but only if oil starts…
French oil giant Total leaves U.S. energy group, months after exiting CAPP
Sunday, January 17, 2021, 3:39 PM MST
French oil and gas company Total says it will ditch its membership in the U.S.-based American Petroleum Institute because it…
