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…
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…
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,…
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…
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…
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…
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…
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.…
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…
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…
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…
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…
