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.…
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…
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…
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…
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…
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…
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…
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''…
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…
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…
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…
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…
