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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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