Markets & Investment

Aker BP buys Lundin’s oil and gas units in $10 billion deal

Wednesday, December 22, 2021, 6:48 AM MST

Aker BP ASA agreed to buy the oil and gas business of Lundin Energy AB in a $10 billion deal…

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Oil steadies on thin trading and conflicting demand signals

Wednesday, December 22, 2021, 6:19 AM MST

Oil steadied as investors weighed mixed demand signals and trading volumes thinned moving into the holiday period. Futures in New…

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Oil rises after two-day drop as investors assess demand

Tuesday, December 21, 2021, 6:37 AM MST

Oil rose as traders assessed the outlook for demand amid the rapid spread of omicron. Futures in London climbed above…

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Oil slides again on fears over omicron and Biden’s economy plan

Monday, December 20, 2021, 6:15 AM MST

Oil extended declines on concern over the rapid spread of the omicron virus variant and turmoil for President Joe Biden’s economic plans.…

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Oil declines as omicron and monetary tightening darken outlook

Friday, December 17, 2021, 6:20 AM MST

Oil fell for the first time in three days as traders grew more concerned about the demand impact from the…

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Oil rises on hawkish Fed and as U.S. demand withstands omicron

Thursday, December 16, 2021, 6:32 AM MST

Oil rose after U.S. crude stockpiles fell the most since September and a more hawkish Federal Reserve spurred a broader…

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U.S. refiners need a lot of maintenance ahead of a better summer

Wednesday, December 15, 2021, 6:50 AM MST

U.S. refiners are beginning to pick themselves up after long months of COVID-related demand destruction, the onslaught of hurricanes and…

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Omicron variant poses a demand puzzle for oil forecasters

Wednesday, December 15, 2021, 6:30 AM MST

Oil forecasters have parted company on their views about demand in the coming months, as the omicron variant of the…

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Oil falls further on looming surplus, China demand constraints

Wednesday, December 15, 2021, 6:15 AM MST

Oil declined for a third day as global markets tip into a supply surplus, with demand pressured by the spread…

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B.C. government to lift 30 litre limit on gas for general public on Tuesday

Tuesday, December 14, 2021, 6:28 AM MST

The British Columbia government is lifting a restriction on gasoline for the general public that was put in place after…

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Oil surplus returns as supplies climb and omicron hits, IEA says

Tuesday, December 14, 2021, 6:08 AM MST

Global oil markets have returned to surplus and face an even bigger oversupply early next year as the omicron variant…

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Oil steady as IEA says global market has returned to surplus

Tuesday, December 14, 2021, 6:03 AM MST

Oil held steady as the International Energy Agency said the global oil market has returned to surplus with the omicron variant curbing…

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