Markets & Investment

​Canadian Natural to buy Painted Pony for $461 million

Monday, August 10, 2020, 7:12 AM MDT

Canadian Natural Resources Limited said on Monday it is buying Painted Pony Energy Ltd for $461 million.The deal includes Painted…

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​Oil climbs with Saudi Aramco seeing demand recovery continuing

Monday, August 10, 2020, 6:45 AM MDT

Oil snapped a two-day losing streak on growing signs that consumption in key regions is edging higher.Crude demand in Asia…

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​Oil trades below $42 with tension between U.S. and China flaring

Friday, August 7, 2020, 6:12 AM MDT

Oil in New York fell as U.S. President Donald Trump’s latest attack on Chinese tech companies stoked tensions between the…

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​Oil eases from five-month high, fluctuating with the dollar

Thursday, August 6, 2020, 6:50 AM MDT

Oil fell from a five-month high in New York, fluctuating with other risk assets, even as investors look for clear…

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​Brent oil tops $45 on sliding U.S. stockpiles, technical breaks

Wednesday, August 5, 2020, 6:30 AM MDT

Oil climbed to a five-month high in London, topping $45 a barrel after U.S. industry data showed a decline in…

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Oilfield services rival makes alternative plan to restructure Calfrac debt

Tuesday, August 4, 2020, 6:02 PM MDT

A Texas-based competitor that is also an investor and debtholder in struggling Calfrac Well Services Ltd. has put forward a…

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Oil falls near $40 with OPEC supply offsetting economic gains

Tuesday, August 4, 2020, 6:50 AM MDT

Oil dropped toward US$40/bbl in New York after the biggest gain in two weeks as investors weighed additional OPEC supply…

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Oil ends July with a gain before OPEC+ starts opening the taps

Friday, July 31, 2020, 7:02 AM MDT

Oil is set to end July with a gain in New York ahead of OPEC+ plans to return supply to…

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New U.S. permit to boost Keystone pipeline oil exports by next year: TC Energy

Thursday, July 30, 2020, 6:39 PM MDT

The CEO of TC Energy Corporation says the company will begin moving more oil from Western Canada into the United…

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Latest casualty of shale's collapse is oil producer Denbury

Thursday, July 30, 2020, 6:35 PM MDT

Denbury Resources Inc. became the latest debt-laden oil producer to seek bankruptcy protection in the aftermath of a pandemic-fuelled plunge…

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​Oil falls with equities while volatility drops to a 5-month low

Thursday, July 30, 2020, 6:13 AM MDT

Oil slipped along with equities in Europe and a strengthening dollar, while crude continued to trade in a narrow band.Futures…

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​Oil holds above $41 with weaker dollar, falling U.S. stockpiles

Wednesday, July 29, 2020, 6:45 AM MDT

Oil edged higher as U.S. crude stockpiles were set to have fallen last week, while the dollar slid again.Futures in…

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