Markets & Investment
Oil rises toward $60 as investors weigh near-term demand outlook
Monday, April 12, 2021, 6:11 AM MDT
Oil gained, nearing $60 a barrel, as investors continued to assess the recovery in consumption globally. Futures in New York…
Total is poised to make $5 billion bet on Uganda oil project
Friday, April 9, 2021, 6:29 AM MDT
Total SE is poised to go ahead with a $5.1 billion plan to tap more than a billion barrels of…
Shale giant praises ‘brilliant’ OPEC for rebalancing oil market
Friday, April 9, 2021, 6:23 AM MDT
Occidental Petroleum Corp. praised OPEC and its allies for managing crude markets out of last year’s historic crash and said…
Oil fluctuates with Saudi Arabia confident on OPEC+ output hike
Friday, April 9, 2021, 6:13 AM MDT
Oil switched between gains and losses after Saudi Arabia said it was confident that OPEC+ was right in agreeing to…
Oil dips with record India virus cases imperiling demand revival
Thursday, April 8, 2021, 6:15 AM MDT
Oil fell as bearish virus news from India to Japan underpinned the outlook for a staggered recovery in consumption. West…
Shell to make first profit from oil output since pandemic
Wednesday, April 7, 2021, 6:23 AM MDT
Royal Dutch Shell plc said it expects to make the first profit from pumping oil since the start of the…
Oil fluctuates around $63 a barrel ahead of U.S. stockpile data
Wednesday, April 7, 2021, 6:16 AM MDT
Oil traded near $63 a barrel in London as traders awaited weekly U.S. inventory data for the latest steer on…
Saskatchewan projects $2.6B deficit, return to balance in 2026-27
Wednesday, April 7, 2021, 6:04 AM MDT
Saskatchewan plans to run deficits for two years longer than planned to pay for the ongoing costs of and recovery…
Sale of Husky stations stopped, Asia Pacific assets being assessed, says Cenovus CEO
Tuesday, April 6, 2021, 5:16 PM MDT
The CEO of Cenovus Energy Inc. says the process to sell Husky Energy Inc.'s chain of retail fuel stations was…
Industry optimism rising with production but producers still cautious
Tuesday, April 6, 2021, 5:12 PM MDT
Predictions of the end of the oil industry during a global price war and the pandemic a year ago have…
Oil rebounds amid broad commodities rally ahead of Iran talks
Tuesday, April 6, 2021, 6:21 AM MDT
Oil rebounded, mirroring a broader rally in commodities, ahead of talks on reviving the Iranian nuclear accord. West Texas Intermediate…
Bigger grant for petrochemical complex should boost Inter Pipeline bid, analyst says
Tuesday, April 6, 2021, 6:02 AM MDT
An Alberta government grant that more than doubles its previous commitment for a petrochemical plant being built by Inter Pipeline…
