Markets & Investment

Oil rebounds as investors assess China’s easing virus lockdown

Tuesday, April 12, 2022, 6:20 AM MDT

Oil staged a partial recovery, after dropping four per cent on Monday, as traders weighed China’s demand outlook following the…

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Ukraine seeks Russia assets, oil fleet seizure as reparations

Monday, April 11, 2022, 6:35 AM MDT

Ukraine is pushing allied countries to seize and sell Russian assets including oil tankers, so that the proceeds can be…

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Oil slumps as China’s worsening outbreak raises demand concerns

Monday, April 11, 2022, 6:09 AM MDT

Oil resumed its decline as China’s virus resurgence worsened, raising concerns about demand from the world’s biggest crude importer. West…

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Oil sheds bulk of invasion-driven gains

Friday, April 8, 2022, 6:37 AM MDT

Oil headed for a back-to-back weekly retreat on plans for massive stockpile releases, a demand-sapping virus outbreak in top importer…

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Oil oscillates with IEA crude reserve release plan in focus

Thursday, April 7, 2022, 6:38 AM MDT

Oil swung between gains and losses as traders assessed prospects for further crude releases from strategic reserves, the outlook for…

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Oil fluctuates as EU avoids immediate sanctions on Russia crude

Wednesday, April 6, 2022, 6:17 AM MDT

Oil reversed earlier losses as traders assessed the talk of fresh sanctions following Russia’s invasion of Ukraine.  West Texas Intermediate…

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Exxon flags huge profit jump as lawmakers target dividends

Tuesday, April 5, 2022, 7:17 AM MDT

Exxon Mobil Corp. signalled its highest profit since 2008 as Russia’s war in Ukraine upended global commodity markets. Exxon’s announcement…

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Crude advance holds as EU sanctions on Russia avoid oil for now

Tuesday, April 5, 2022, 6:41 AM MDT

Oil held its earlier gains as the European Union was said to plan a phaseout of Russian coal imports but…

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IEA nations agree to join Biden’s massive oil-stock release

Monday, April 4, 2022, 7:11 AM MDT

Several U.S. allies will join President Joe Biden’s unprecedented deployment of oil stockpiles in an effort to ease the economic…

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Cenovus joins oil drillers ditching hedges as prices surge

Monday, April 4, 2022, 7:05 AM MDT

Cenovus Energy Inc. became the latest driller to abandon the practice of securing protection against a sudden drop in crude…

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Oil prices don’t fully reflect Russian supply risks, Vitol says

Monday, April 4, 2022, 6:54 AM MDT

Oil prices have fallen to levels that don’t reflect the risk of disruptions to Russian exports or the ability of…

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Oil fluctuates near $100 with Russia supply risk lingering

Monday, April 4, 2022, 6:50 AM MDT

Oil swung between gains and losses to trade near $100, with an ongoing supply deficit due to the war in…

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