Markets & Investment

Oil set for third weekly advance as market tightens on outages

Friday, January 7, 2022, 6:23 AM MST

Oil was poised for a third weekly gain as demand remained resilient while supplies are frayed across the OPEC+ coalition…

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Saudis cut oil prices for Asia as supply rises and virus spreads

Thursday, January 6, 2022, 6:25 AM MST

Saudi Arabia cut oil prices for buyers in Asia, signaling that extra supplies from OPEC and its partners could loosen…

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Oil steadies as supply constraints counter omicron concerns

Thursday, January 6, 2022, 6:21 AM MST

Oil steadied as supply constraints from OPEC+ to the U.S. offset concerns over the impact of a severe COVID-19 outbreak…

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OPEC output boost severely limited as African members struggle

Wednesday, January 5, 2022, 6:20 AM MST

OPEC made only part of its planned production increase last month, with supplies hampered by disruptions in two of the…

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Brent oil near $80 as OPEC+ adds more crude to tightening market

Wednesday, January 5, 2022, 6:14 AM MST

OPEC and its allies agreed to a scheduled increase in production for next month, and an industry report pointed to…

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OPEC and allies to decide oil output amid omicron spike

Tuesday, January 4, 2022, 6:36 AM MST

OPEC and allied oil-producing countries are expected to press ahead Tuesday with restoring cutbacks in output made during the depths of…

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Oil fluctuates near $76 ahead of OPEC+ meeting on supply policy

Tuesday, January 4, 2022, 6:09 AM MST

Oil fluctuated before an OPEC+ meeting that’s expected to see the alliance agree to another output boost next month. Futures…

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OPEC sees tighter first quarter as it considers output hike

Monday, January 3, 2022, 6:44 AM MST

OPEC reduced its estimate of the surplus in global oil markets this quarter, the day before the group and its…

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Oil climbs as Libyan output falls ahead of OPEC+ supply meeting

Monday, January 3, 2022, 6:38 AM MST

Oil rose as Libyan supply tightened ahead of an OPEC+ meeting on Tuesday to discuss production policy for February. Futures…

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Tech firms slowly moving into Calgary's hollowed out downtown core

Monday, January 3, 2022, 6:24 AM MST

In the nearly two years since the COVID-19 pandemic forced workers out of Calgary's downtown towers and into home offices,…

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Oil trims weekly gain amid low liquidity heading into Christmas

Friday, December 24, 2021, 6:11 AM MST

Brent oil fell as trading volumes thinned moving into the holiday period, but still headed for a weekly gain on…

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Oil holds near four-week high as omicron vies with inventories

Thursday, December 23, 2021, 6:13 AM MST

Oil held near the highest settlement in four weeks as traders weighed falling U.S. crude stockpiles against the threat to…

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