Markets & Investment

Price cap on Russian oil won’t impact India, oil minister says

Monday, December 5, 2022, 6:52 AM MST

India isn’t worried by a European Union price cap on Russian crude, oil minister Hardeep Puri said, signalling that the…

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Oil set for weekly gain as China eases curbs before OPEC+ meets

Friday, December 2, 2022, 6:23 AM MST

Oil steadied but was on track for its biggest weekly gain in almost two months, as China softened virus controls…

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Oil fluctuates as traders look to China shift, OPEC+ meeting

Thursday, December 1, 2022, 6:18 AM MST

Oil swung between gains and losses amid firmer risk sentiment across markets as traders looked ahead to an OPEC+ meeting…

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Enbridge raising quarterly dividend, releases financial guidance for 2023

Wednesday, November 30, 2022, 6:45 AM MST

Enbridge Inc. is raising its quarterly dividend to shareholders. The pipeline company says it will now pay a quarterly dividend…

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Oil rises above $80 with OPEC+ decision and inventories in focus

Wednesday, November 30, 2022, 6:18 AM MST

Oil rose for a third day as data pointed to a large decline in US oil stockpiles, while traders weighed…

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OPEC+ seen considering deeper supply cuts as market falters

Tuesday, November 29, 2022, 6:57 AM MST

OPEC and its allies are expected to consider deeper supply curbs when they meet this weekend against the backdrop of…

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Europe’s energy tab climbs past €700 billion as winter arrives

Tuesday, November 29, 2022, 6:53 AM MST

Europe’s massive tab for securing energy supplies and cushioning consumers from price spikes soared past €700 billion this month, with…

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Oil climbs as China boosts vaccinations, investors look to OPEC+

Tuesday, November 29, 2022, 6:45 AM MST

Oil rose as China refined its approach for dealing with Covid-19 after widespread protests against strict curbs, and investors looked…

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Suncor to keep Petro Canada retail business

Tuesday, November 29, 2022, 6:29 AM MST

Suncor Energy Inc. has decided to keep its Petro-Canada retail business, the company announced Tuesday, after a comprehensive review that…

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Russia’s flagship oil falls further below proposed EU price cap

Monday, November 28, 2022, 7:05 AM MST

Russian flagship crude oil dipped again on Friday, serving as a reminder of the challenges facing European Union diplomats haggling…

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Oil plunges to lowest since 2021 as China unrest rattles market

Monday, November 28, 2022, 6:46 AM MST

Oil tumbled to the lowest level since December as a wave of unrest in China punished risk assets and clouded…

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Germany, France pledge mutual support to avert energy crunch

Monday, November 28, 2022, 6:26 AM MST

Germany and France pledged Friday to provide each other mutual support in preventing a possible energy crisis after supplies from…

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