Markets & Investment

Oil slumps to five-month low as lockdowns and Libya spook market

Monday, November 2, 2020, 6:32 AM MST

Oil plunged to a five-month low as gains in Libyan production coincided with a wave of new virus-lockdown measures in…

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Alberta offers grants to petrochemical firms

Monday, November 2, 2020, 6:23 AM MST

The gas-rich province of Alberta will help cover the capital costs of new petrochemical plants, a move that pushes back…

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Oil set for biggest monthly drop since March as virus curbs grow

Friday, October 30, 2020, 6:59 AM MDT

Oil is heading for its largest monthly decline since March as concerns grow that a resurgent pandemic in the U.S.…

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Exxon, Chevron lose $887 million as pandemic pain continues

Friday, October 30, 2020, 6:33 AM MDT

Exxon Mobil lost $680 million in the third quarter as the global pandemic curtailed travel throughout the world, diminishing the…

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Shell shareholders get reward as oil giant returns to profit

Friday, October 30, 2020, 6:23 AM MDT

Royal Dutch Shell increased its dividend payout to shareholders following a better-than-expected third quarter of the year, months after cutting…

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Oil falls to four-month low as renewed lockdowns menace demand

Thursday, October 29, 2020, 6:55 AM MDT

Oil fell to a four-month low, deepening Wednesday’s slump as lockdown restrictions grow in Europe. Futures in London lost 3.9…

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Cenovus Energy takes $450M charge on Texas refinery, reports $194M Q3 loss

Thursday, October 29, 2020, 6:31 AM MDT

Cenovus Energy Inc. reported a loss in its third quarter as its results were hit by a $450-million impairment charge…

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Oil slumps with Europe’s coronavirus restrictions growing

Wednesday, October 28, 2020, 6:29 AM MDT

Oil fell sharply with broader markets as renewed restrictions on movement in Europe clouded the outlook for consumption once again.…

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Li Ka-shing cuts Husky risk with $2.9 billion Cenovus deal

Tuesday, October 27, 2020, 7 AM MDT

Li Ka-shing, Hong Kong’s richest man, is unwinding a bet he placed on oil more than three decades ago by…

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Oil slumps below $39 on surging virus and stimulus stalemate

Monday, October 26, 2020, 7 AM MDT

Oil extended its slide to a second day on a cocktail of surging coronavirus cases in the U.S. and Europe,…

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Markets expected to take measure of Cenovus Husky deal as earnings season begins

Monday, October 26, 2020, 6:48 AM MDT

Calgary oilpatch investors are expected to take stock of a mega-merger between oilsands heavyweights Cenovus Energy Inc. and Husky Energy…

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Cenovus to buy Husky Energy for $3.8 billion in shares

Monday, October 26, 2020, 6:11 AM MDT

A surprise move by Cenovus Energy Inc. to buy rival Husky Energy Inc. for $3.8 billion in shares will create…

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