Markets & Investment

Oil jumps as OPEC+ mulls biggest production cut since pandemic

Monday, October 3, 2022, 6:41 AM MDT

Oil surged near $83 a barrel on indications the OPEC+ alliance is considering slashing production by more than 1 million…

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Oil pares drop with OPEC+ cuts weighed against growth outlook

Thursday, September 29, 2022, 6:31 AM MDT

Oil traded near $82 a barrel as traders weighed a clouded outlook for global economic growth against the potential for…

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Oil pares slump with dollar volatile and supply in focus

Wednesday, September 28, 2022, 6:22 AM MDT

Oil erased earlier losses amid volatility in the US dollar and a focus on whether producer nations might curb output…

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Suncor to buy back debt after oil drop, ratings downgrade

Tuesday, September 27, 2022, 6:31 AM MDT

Suncor Energy Inc. is pushing ahead with a bond buyback as oil prices near this year’s lows amid recession worries.…

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Goldman slashes oil price forecasts but says it remains bullish

Tuesday, September 27, 2022, 6:22 AM MDT

Goldman Sachs Group Inc. sharply lowered its oil price forecasts amid increasing signs of a global economic slowdown, but said…

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Oil climbs from lowest since January with dollar’s rally paused

Tuesday, September 27, 2022, 6:20 AM MDT

Oil rebounded after hitting the lowest level since early January as a rally in the dollar paused, buoying crude even…

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Oil falls as ‘wrecking ball’ dollar piles on commodity losses

Monday, September 26, 2022, 6:24 AM MDT

Oil dropped again, with Brent sliding below $85 a barrel at one point, as the dollar’s surge and mounting recessionary…

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Oil set for fourth weekly loss with rate hikes darkening outlook

Friday, September 23, 2022, 6:32 AM MDT

Oil headed for the longest stretch of weekly losses this year as central banks around the world stepped up their…

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Canada's environment minister does not jump to take up UN call for windfall taxes

Friday, September 23, 2022, 6:20 AM MDT

Environment Minister Steven Guilbeault isn't warming to the idea of combating climate change by imposing a windfall tax on the…

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Oil climbs as softer dollar offsets concerns of global slowdown

Thursday, September 22, 2022, 6:32 AM MDT

Oil rose as the dollar declined and investors weighed the demand outlook following another interest-rate hike from the Federal Reserve.…

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Oil jumps after Putin orders partial mobilization of troops

Wednesday, September 21, 2022, 6:24 AM MDT

Oil rallied after Russian President Vladimir Putin ordered a partial mobilization to hold onto occupied territories in Ukraine, an escalation…

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Oil creeps higher ahead of looming central bank rate hikes

Tuesday, September 20, 2022, 6:29 AM MDT

Brent oil edged higher toward $93 ahead of several global interest-rate decisions that are expected to see further monetary tightening.…

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