Markets & Investment

Oil extends losing run on record-breaking virus cases in India

Thursday, April 22, 2021, 6:15 AM MDT

West Texas Intermediate slipped 0.6 per cent following a 2.1 per cent decline on Wednesday, when U.S. government data showed…

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Historic oil glut amassed in the pandemic almost gone

Wednesday, April 21, 2021, 6:25 AM MDT

The unprecedented oil inventory glut that amassed during the coronavirus pandemic is almost gone, underpinning a price recovery that’s rescuing…

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Oil drops on resurgent virus, reported build in U.S. stockpiles

Wednesday, April 21, 2021, 6:21 AM MDT

Oil fell amid concern that a resurgent virus will hurt demand in some economies, while industry data showed a slight…

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Hedging a “$7.6 billion lifeline” for North American producers in 2020 – new report

Tuesday, April 20, 2021, 6:57 AM MDT

Evaluate Energy’s latest report shows that 72 U.S. and Canadian companies gained a combined $7.6 billion thanks to settled oil…

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Oil marks anniversary of crash below zero with rally above $64

Tuesday, April 20, 2021, 6:31 AM MDT

Oil jumped above $64 a barrel, a year to the day after futures for the U.S. benchmark collapsed below zero,…

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PrairieSky Q1 net profit nearly doubles as revenues increase on higher energy price

Tuesday, April 20, 2021, 6:20 AM MDT

PrairieSky Royalty Ltd. says its net income more than doubled in the first quarter on a nearly 13 per cent…

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Oil near $67 with dollar dipping and India virus cases surging

Monday, April 19, 2021, 6:32 AM MDT

Oil steadied near US$67/bbl today as the benefits of a weaker dollar were offset by the sweep of the coronavirus…

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One year after crude turned negative, oilpatch relishes first quarter profit outlook

Sunday, April 18, 2021, 6:47 PM MDT

One year after oil prices crashed to their first and only negative close during a perfect storm of energy demand…

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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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