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…

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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…

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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…

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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…

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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…

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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…

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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…

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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.…

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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…

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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…

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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…

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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…

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