Markets & Investment

Brent oil rises on weaker dollar though IEA cuts demand outlook

Tuesday, January 19, 2021, 6:41 AM MST

Brent oil rose past $55 a barrel – with some assistance from a weaker dollar – even as the International Energy…

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Upstream deals reach US$43 billion

Tuesday, January 19, 2021, 6 AM MST

Five multibillion-dollar deals made Q4 2020 one of the highest value quarters for upstream M&A in recent memory, totalling US$43…

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Oil near $52 on still-surging virus and stronger dollar

Monday, January 18, 2021, 6:34 AM MST

Oil futures held steady, despite a stronger dollar and physical prices in Asia continuing to trade at weaker levels than…

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Oilpatch woes boost Calgary's downtown office vacancy rates to record levels

Monday, January 18, 2021, 5:38 AM MST

Vacancies in Calgary's downtown office towers have risen to record levels and there's no landlord relief in sight with almost…

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N.L. offers owners of Terra Nova oilfield $175 million – but only if oil flows again

Sunday, January 17, 2021, 3:43 PM MST

Newfoundland and Labrador is offering $175 million to the owners of the dormant Terra Nova offshore oilfield, but only if oil starts…

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French oil giant Total leaves U.S. energy group, months after exiting CAPP

Sunday, January 17, 2021, 3:39 PM MST

French oil and gas company Total says it will ditch its membership in the U.S.-based American Petroleum Institute because it…

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Exxon investigated by SEC over Permian valuations, WSJ says

Friday, January 15, 2021, 7:03 AM MST

Exxon Mobil Corp. is being investigated by the U.S. Securities and Exchange Commission after a whistleblower complaint from an employee…

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Oil retreats from 10-month high as stronger dollar dents rally

Friday, January 15, 2021, 6:41 AM MST

Oil declined from a 10-month high as the dollar strengthened, taking the steam out of a recent rally, while investors…

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Oklahoma and Texas more attractive for oil and gas investment than Alberta: Survey

Friday, January 15, 2021, 6:27 AM MST

Oklahoma and Texas are more attractive than Alberta to invest in oil and gas, according to a new survey of petroleum-sector…

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Oil rally stalls below $53 after cold weather surge, Saudi cuts

Thursday, January 14, 2021, 6:55 AM MST

Oil dipped, after frigid temperatures and Saudi Arabia’s promised output cuts helped push prices to a 10-month high. Futures traded…

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Alberta musician Corb Lund comes out against proposed coal mines in Rocky Mountains

Thursday, January 14, 2021, 6:18 AM MST

Corb Lund, perhaps Canada’s pre-eminent singer about rural life and cowboy culture, is warning Albertans. “I've seen this coming for…

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Investor pressure on companies including Enbridge, BP boosted climate disclosures in 2020

Wednesday, January 13, 2021, 7:23 AM MST

Companies are more than twice as likely to report climate risk data when investors actively pressure them to do so, according to a…

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