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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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,…

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