Markets & Investment

Brent oil extends gains to top $75 with omicron concerns easing

Tuesday, December 7, 2021, 6:25 AM MST

Oil extended gains on optimism that the omicron virus variant may not be as severe as feared, easing concern over…

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BP levels sharpest criticism yet of London’s Brent crude oil market

Tuesday, December 7, 2021, 6:18 AM MST

BP plc said the world’s most important oil benchmark was experiencing ‘regular dislocations,’ in the harshest criticism ever by an…

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ExxonMobil rolls out plan to cut emissions in Permian Basin

Tuesday, December 7, 2021, 6:09 AM MST

ExxonMobil says it has a plan for cutting greenhouse gas emissions from its operations in one of the most prolific…

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Oil gains after Saudi price hike indicates confidence in demand

Monday, December 6, 2021, 6:27 AM MST

Oil rose after Saudi Arabia boosted the prices of its crude, signaling confidence in the demand outlook despite the spread…

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Oil rallies after OPEC+ takes flexible stance on supply

Friday, December 3, 2021, 6:23 AM MST

Oil jumped after the OPEC+ alliance left the door open to reversing its decision to boost output at any moment,…

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Oilpatch keeping the lid on spending amid record setting output

Friday, December 3, 2021, 6:16 AM MST

Canadian oil and gas companies have been hesitant to loosen the purse strings in spite of this fall's commodity price…

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OPEC nations boosted oil production more than pledged last month

Thursday, December 2, 2021, 6:32 AM MST

OPEC nations added far more oil in November than required by their plans to restore halted production, as one member…

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Oil erases gains as OPEC+ meets with omicron risking demand

Thursday, December 2, 2021, 6:28 AM MST

Oil declined ahead of an OPEC+ meeting to decide on supply with the spread of the omicron variant muddying the…

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Oil surges before critical OPEC+ meeting as volatility spikes

Wednesday, December 1, 2021, 6:51 AM MST

Oil rebounded from another sharp drop as OPEC ministers prepared to meet amid booming volatility. West Texas Intermediate rallied as…

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Oil resumes slump as Omicron variant sows fears over demand

Tuesday, November 30, 2021, 6:28 AM MST

Oil resumed its slide after Monday’s rebound as fears that the omicron variant may resist vaccines sent risk assets tumbling.…

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Higher energy prices expected to deliver boost in Alberta budget update

Tuesday, November 30, 2021, 6:05 AM MST

Alberta’s finance minister says the recent bullish run on energy prices is part of a stronger economic story on the…

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Oil rebounds after rout as traders size up threat from Omicron

Monday, November 29, 2021, 6:38 AM MST

Oil rebounded from one of its biggest ever daily drops as traders assessed the risks to global demand from the…

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