Markets & Investment

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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Oil drops below $38 on surging virus, close U.S. election race

Friday, November 6, 2020, 6:49 AM MST

Oil fell a second day, dropping below $38 a barrel in New York, as a surging coronavirus and uncertain U.S.…

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Oil slips with Biden on the brink of victory in U.S. election

Thursday, November 5, 2020, 6:33 AM MST

Oil snapped three days of gains, with Democratic nominee Joe Biden on the brink of a narrow victory in the…

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Canadian Natural Resources reports $408 million third quarter profit

Thursday, November 5, 2020, 6:12 AM MST

Canadian Natural Resources Ltd. says it earned a third-quarter profit of $408 million, down from nearly $1.03 billion in the…

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Tourmaline Oil buys two privately held oil and gas firms

Thursday, November 5, 2020, 6:09 AM MST

Tourmaline Oil Corp. says it is buying two privately held oil and gas companies producing 76,000 barrels of oil equivalent…

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Shale CEO backs stand-alone view, says peer deals ‘self-serving’

Wednesday, November 4, 2020, 7:21 AM MST

Diamondback Energy Inc. hasn’t participated in the latest wave of shale mergers and acquisitions, and its chief executive officer told…

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