Markets & Investment

AltaGas agrees to pay $715 million to double stake in midstream firm Petrogas

Monday, October 19, 2020, 6:21 AM MDT

AltaGas Ltd. says it has agreed to pay $715 million in cash to privately held SAM Holdings Ltd. to double…

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Calfrac investors approve company plan over Wilks Brothers takeover

Monday, October 19, 2020, 6:13 AM MDT

Shareholders in debt-laden Calgary-based Calfrac Well Services Ltd. have narrowly approved a recapitalization plan proposed by management, thus setting aside…

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Oil slips below $41 with virus curbs dampening demand hopes

Friday, October 16, 2020, 6:48 AM MDT

Oil dipped as the prospect of a resurgent virus, forcing more stay-at-home measures in Europe and the U.S., was weighed…

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Oil falls back below $41 with dollar’s gain, weaker stock market

Thursday, October 15, 2020, 6:53 AM MDT

Oil dipped below $41 a barrel as the dollar gained and European stock markets slumped. Futures in New York dropped…

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Alberta finance minister expects cuts in all departments, asks for budget input

Thursday, October 15, 2020, 6:23 AM MDT

Alberta's finance minister says he expects all provincial departments to make recommendations similar to cuts recently announced by the health…

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Oil dips near $40 with IEA warning of fragile market outlook

Wednesday, October 14, 2020, 6:42 AM MDT

Oil slipped near $40 a barrel in New York as the IEA cautioned on a fragile outlook and Russia indicated…

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IEA sees oil demand suffering long-lasting blow from coronavirus

Tuesday, October 13, 2020, 6:30 AM MDT

The oil market will suffer a long-lasting blow from the coronavirus, with demand taking years to recover and peaking at…

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Oil rises near $40 after recovery in Chinese crude imports

Tuesday, October 13, 2020, 6:27 AM MDT

Oil edged higher as data showed Chinese crude imports rose last month. Futures in New York rose around 1.3 per…

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Four big takeaways from the IEA’s World Energy Outlook

Tuesday, October 13, 2020, 6:17 AM MDT

Once a year, the International Energy Agency attempts to impose some order on the chaotic world of oil, gas, power…

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Oil set for weekly surge with hurricane paralyzing Gulf output

Friday, October 9, 2020, 6:36 AM MDT

Oil is poised for the biggest weekly gain since June with Hurricane Delta forcing the shutdown of almost 92% of…

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Exxon’s market-value crown in energy passes to Chevron, NextEra

Thursday, October 8, 2020, 6:58 AM MDT

Chevron Corporation overtook Exxon Mobil Corporation as the largest oil company in America by market value, the first time the…

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In a world with too much oil, OPEC+ sweats its next move

Thursday, October 8, 2020, 6:34 AM MDT

The world is awash with oil. Yet, in less than eight weeks, OPEC+ is set to pour even more barrels…

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