Markets & Investment


IEA boosts global oil demand forecast as China’s economy reopens

Wednesday, February 15, 2023, 6:50 AM MST

The International Energy Agency boosted forecasts for global oil demand as China reopens its economy following years of anti-Covid lockdowns.…

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Oil slumps as US stockpiles seen swelling and dollar advances

Wednesday, February 15, 2023, 6:44 AM MST

Oil fell as an industry estimate pointed to another major build in American inventories and the dollar gained, with investors…

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Record voyage for Canadian gas offers relief for Asia

Tuesday, February 14, 2023, 7:02 AM MST

A stream of natural gas that’s being unleashed from British Columbia’s vast reservoirs is blazing a record-setting path through global…

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UAE says oil supply a bigger issue than demand for 2024

Tuesday, February 14, 2023, 6:36 AM MST

Oil supplies will pose a bigger issue than demand for global markets in 2024 as some countries struggle with production…

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Oil declines on US requirement to sell more crude from the SPR

Tuesday, February 14, 2023, 6:22 AM MST

Oil fell on a US requirement to sell more crude from reserves, offsetting a lift from Russian output cuts and…

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OPEC chief tells climate negotiators to ‘look at the big picture’

Monday, February 13, 2023, 6:26 AM MST

OPEC’s top official urged countries to invest much more in oil to meet the world’s future energy needs and said…

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Oil pares loss with Russia cut weighed against supply recovery

Monday, February 13, 2023, 6:19 AM MST

Oil pared an earlier decline as traders weighed a looming reduction in Russian supply with returning supplies elsewhere in the…

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New Enbridge CEO says Canada is missing opportunities as world cries out for energy

Monday, February 13, 2023, 6:11 AM MST

The new CEO of pipeline giant Enbridge Inc. says regulatory uncertainty in this country has resulted in a ``lost decade''…

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Brent oil jumps above $86 after Russia says it plans output cut

Friday, February 10, 2023, 6:48 AM MST

Oil jumped after Russia said it plans to cut March production by 500,000 barrels a day. Brent crude climbed as…

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Scotiabank warns giving royalty credits for well cleanups would damage industry reputation

Friday, February 10, 2023, 6:31 AM MST

Scotiabank is warning that the Alberta government's plan to give oil companies a royalty credit for cleaning up their old…

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Oil takes a breather after three-day rally as outlook clouded

Thursday, February 9, 2023, 6:38 AM MST

Oil steadied after rallying around 7 per cent over the previous three sessions as investors assessed continued supply disruption and…

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Oil rises after Powell’s remarks and signs of tightening supply

Wednesday, February 8, 2023, 6:28 AM MST

Oil extended its biggest gain in three months on optimism the US Federal Reserve will maintain its path on interest-rate…

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