Markets & Investment

Oil gains after report of surprise drop in U.S. crude stocks

Wednesday, September 16, 2020, 6:42 AM MDT

Oil extended gains to trade near $39 a barrel in New York, buoyed by an industry report of a surprise…

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Oil rises with China economic data countering demand fears

Tuesday, September 15, 2020, 6:38 AM MDT

Oil rose as data showed China’s economic recovery from the coronavirus crisis is gathering strength, offsetting a bleak assessment of…

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IEA says oil market more fragile as resurgent virus hurts demand

Tuesday, September 15, 2020, 6:32 AM MDT

The outlook for global oil markets has grown “even more fragile” as a resurgent pandemic derails the recovery in demand,…

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Oil falls near $37 with demand in focus before OPEC+ meeting

Monday, September 14, 2020, 6:44 AM MDT

Oil fell to near $37 a barrel in New York while a slew of downbeat predictions from OPEC to BP…

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BP says the era of oil-demand growth is over

Monday, September 14, 2020, 6:33 AM MDT

BP plc said the relentless growth of oil demand is over, becoming the first supermajor to call the end of…

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Energy sector looking for aid and regulation delays as throne speech looms

Monday, September 14, 2020, 6:18 AM MDT

Canada's fossil-fuel sector is looking to this month's Throne Speech for signs the federal government is not throwing in the…

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Calfrac delays vote on recapitalization plan to Sept. 29 after Wilks Brothers offer

Monday, September 14, 2020, 6:11 AM MDT

Calfrac Well Services Ltd. is postponing a vote on its recapitalization plan following an unsolicited takeover offer for the company…

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Oil set for first back-to-back weekly losses since April’s rout

Friday, September 11, 2020, 6:53 AM MDT

Oil headed for its first back-to-back weekly losses since April’s price rout, driven by a sharp slump in risk sentiment…

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Cold winter forecasts have traders hoping LNG rally lives on

Friday, September 11, 2020, 6:27 AM MDT

The world’s natural gas traders are hoping for a brutal winter to help sustain a price rally back from a…

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Wilks Brothers formalizes Calfrac takeover offer ahead of vote on restructuring plan

Friday, September 11, 2020, 6:12 AM MDT

Texas-based Wilks Brothers LLC says it is making formal the $26.1-million takeover bid for Calfrac Well Services Ltd. it proposed…

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Oil drops after report shows U.S. stockpiles set to rise

Thursday, September 10, 2020, 7:10 AM MDT

Futures in New York fell below $38 a barrel after rising 3.5 per cent Wednesday. The American Petroleum Institute reported…

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Alberta First Nations invest in power project; loan backed by Alberta government

Thursday, September 10, 2020, 6:21 AM MDT

Six Alberta First Nations are investing $93 million for an equity stake in a new natural gas power plant. Their…

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