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…
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…
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,…
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…
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…
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…
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…
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…
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…
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…
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…
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…
