Markets & Investment


Oil extends gains on latest vaccine breakthrough, China recovery

Monday, November 16, 2020, 6:52 AM MST

Oil extended gains in New York as Moderna Inc. reported its COVID-19 vaccine is highly effective against the virus. Moderna’s…

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Inter Pipeline hopes to find petrochemical partner in the first half of 2021

Monday, November 16, 2020, 6:17 AM MST

Inter Pipeline says it hopes to conclude its search for a partner in its $4-billion petrochemical project now under construction…

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Supreme Court of Canada sides with Hydro Quebec over transmission line project

Monday, November 16, 2020, 6:12 AM MST

Hydro-Quebec has the right to construct an electric-power transmission line along an existing corridor despite the objections of land owners,…

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Oil falls below $41 with surging COVID cases menacing demand

Friday, November 13, 2020, 7:06 AM MST

Oil fell for a second day – dropping below $41 a barrel in New York – as the ongoing spread…

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IEA cuts oil-demand outlook as vaccines won’t rescue market

Thursday, November 12, 2020, 6:44 AM MST

The International Energy Agency cut forecasts for global oil demand amid new lockdown measures and cautioned that the vaccine breakthrough…

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Oil near $41 with IEA warning on outlook, OPEC+ edging to accord

Thursday, November 12, 2020, 6:40 AM MST

Oil steadied as the International Energy Agency warned the coronavirus vaccine breakthrough won’t quickly revive markets. Futures fluctuated between gains…

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Oil tops $45 a barrel in London for the first time in 10 weeks

Wednesday, November 11, 2020, 6:56 AM MST

Oil rose above $45 a barrel in London for the first time in 10 weeks as financial markets continued to…

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Oil rises above $40 with vaccine buoying demand recovery hope

Tuesday, November 10, 2020, 6:44 AM MST

Oil extended gains, following Monday’s rally on optimism that a potential Covid-19 vaccine could boost a recovery in transport demand.…

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Energy leaders leave door open to more cuts as virus spikes

Tuesday, November 10, 2020, 6:37 AM MST

Saudi Arabia’s energy minister said Monday that global energy producers have the ability to tweak an agreement on production cuts…

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Vermilion Energy reports $69.9M third quarter loss, sales down from year ago

Tuesday, November 10, 2020, 6:30 AM MST

Vermilion Energy Inc. says it lost $69.9 million in its third quarter compared with a loss of $10.2 million in…

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Headwater Exploration signs $100M deal to buy Cenovus's Marten Hills assets

Monday, November 9, 2020, 7:19 AM MST

Headwater Exploration Inc. has signed a deal with Cenovus Energy Inc. to buy Cenovus's assets in the Marten Hills area…

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Oil jumps by most since June on COVID vaccine progress

Monday, November 9, 2020, 6:59 AM MST

Oil in London jumped by the most since June as Pfizer Inc. reported a potential COVID-19 vaccine breakthrough. Crude futures…

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