Markets & Investment
Oil heads for back-to-back weekly gain as commodities run hot
Friday, May 7, 2021, 6:45 AM MDT
Oil headed for a second straight weekly advance as investors bet on rising energy demand amid a broader rally in…
Canadian Natural reports $1.38 billion Q1 profit, record quarterly production
Thursday, May 6, 2021, 6:35 AM MDT
Canadian Natural Resources Limited reported a first-quarter profit of nearly $1.38 billion compared with a loss a year ago. The oilsands…
Oil slides below $69 amid uneven recovery in global consumption
Thursday, May 6, 2021, 6:32 AM MDT
Oil slipped below $69 a barrel as traders assessed an uneven recovery in global demand. Global benchmark Brent has struggled…
Shell sells U.S. refinery for $350 million in latest divestment
Wednesday, May 5, 2021, 7:03 AM MDT
Royal Dutch Shell plc reached an agreement to sell its Puget Sound Refinery to HollyFrontier Corp. for $350 million in the latest…
IEA says governments should consider stockpiling battery metals
Wednesday, May 5, 2021, 6:32 AM MDT
Western governments should consider stockpiling critical battery metals such as cobalt and lithium, the International Energy Agency said, in a…
Oil drives toward $70 as sagging U.S. stockpiles aid bull bets
Wednesday, May 5, 2021, 6:23 AM MDT
Oil extended a rally after U.S. stockpiles fell and reopening drives in the U.S. and Europe showed signs of boosting…
Exxon seeks to keep refinery running in lockout as summer nears
Tuesday, May 4, 2021, 6:37 AM MDT
The Exxon Mobil Corporation Texas refinery that’s set to become America’s largest oil-processing plant had to tap temporary crews to…
Oil reaches seven-week high as traders bet on improving demand
Tuesday, May 4, 2021, 6:26 AM MDT
Oil climbed toward $66 a barrel on optimism that the resumption of economic activity in the U.S. and Europe will…
Parkland aiming to about double adjusted EBITDA in less than five years
Tuesday, May 4, 2021, 6:20 AM MDT
Parkland Corp. is aiming to about double its earnings in less than five years after swinging to a profit in…
Oil drops as low Indian demand offsets recovery optimism
Monday, May 3, 2021, 6:20 AM MDT
Oil prices dipped as traders weighed weaker fuel demand in India against optimism over the global economic recovery from the…
Imperial Oil shares rise on dividend bump, higher share buybacks, strong production
Monday, May 3, 2021, 6:14 AM MDT
Shares in Imperial Oil Ltd. rose Friday after it raised its dividend by nearly 23 per cent and announced accelerated…
Imperial Oil reports $392 million Q1 profit, raises quarterly dividend
Friday, April 30, 2021, 7:18 AM MDT
Imperial Oil Limited had a first-quarter profit of $392 million compared, with a loss of $188 million a year earlier,…
