Markets & Investment

OPEC+ opens oil taps gradually as Russian war roils markets

Thursday, May 5, 2022, 6:25 AM MDT

OPEC and allied oil-producing countries decided Thursday to stick to a modest increase in production, even as Europe's proposed phaseout of…

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Oil rallies as EU proposes phasing out Russian supply this year

Wednesday, May 4, 2022, 6:22 AM MDT

Oil advanced as the European Union proposed to ban Russian crude over the next six months and refined products by…

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EU takes major step toward Russian oil ban, new sanctions

Wednesday, May 4, 2022, 6:13 AM MDT

The European Union's top official on Wednesday called on the 27-nation bloc to ban oil imports from Russia and target the country's…

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Oil retreats as China lockdowns counter Russian output risk

Tuesday, May 3, 2022, 6:35 AM MDT

Oil fell below $104 a barrel in New York as investors weighed lockdowns across China against looming European Union measures…

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Oil declines as China’s COVID restrictions threaten fuel demand

Monday, May 2, 2022, 6:20 AM MDT

Oil declined in tandem with equities as China’s stringent measures to curb COVID-19 threatened a further hit to economic activity…

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Oil heads for longest run of monthly gains since early 2018

Friday, April 29, 2022, 6:41 AM MDT

Oil is poised for a fifth monthly gain after another tumultuous period of trading that saw prices whipsawed by the…

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Oil extends bumpy week as traders weigh China’s demand hit

Thursday, April 28, 2022, 6:29 AM MDT

Oil traded near $103 a barrel as China’s spreading virus outbreak continued to weigh on the outlook for global demand.…

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Upstream M&A falters in high price environment

Wednesday, April 27, 2022, 7:02 AM MDT

Agreeing on M&A deals has proven to be difficult for E&P companies in early 2022. Upstream Q1 deal values are…

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Oil gains as Russia’s gas-flow cuts escalate energy crisis

Wednesday, April 27, 2022, 6:51 AM MDT

Oil edged higher after Russia cut natural gas supplies to Poland and Bulgaria, escalating Europe’s energy crisis. West Texas Intermediate…

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CN Rail profits dip amid supply chain snarls, lower grain exports

Wednesday, April 27, 2022, 6:33 AM MDT

Canadian National Railway Co. on Tuesday lowered its earnings forecast for the year after profits sagged in its first quarter.…

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World Bank forecasts elevated commodity prices to remain through end of 2024

Wednesday, April 27, 2022, 6:24 AM MDT

The World Bank says commodity prices that reached historically elevated levels because of the war in Ukraine will remain high…

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Morgan Stanley raises oil forecasts by $10 citing market deficit

Tuesday, April 26, 2022, 6:35 AM MDT

Morgan Stanley increased its third- and fourth-quarter price forecasts for global benchmark Brent crude by $10 a barrel due to…

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