Markets & Investment

Oil climbs ahead of key report guiding U.S. price response

Tuesday, November 9, 2021, 6:41 AM MST

Oil rose as traders waited for further signals from the White House on whether it will tap the Strategic Petroleum…

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Oil pares gains as Saudi pricing is countered by U.S. comments

Monday, November 8, 2021, 6:43 AM MST

Oil gave up some of its gains as sharp price hikes from Saudi Arabia were weighed against the potential for…

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U.S. to OPEC+: ‘This isn’t the end’ of effort to ease oil prices

Friday, November 5, 2021, 7:03 AM MDT

The Biden administration warned on Thursday that OPEC+ is at risk of impairing the world’s economic recovery by failing to…

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Oil recovers as investors assess response to modest OPEC+ hike

Friday, November 5, 2021, 6:37 AM MDT

Oil rose as investors weighed a limited production increase from OPEC+ against the potential supply response from key consumers, including…

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Oil rises as investors turn their focus to crucial OPEC+ meeting

Thursday, November 4, 2021, 7 AM MDT

Oil gained as investors turned their attention to a key OPEC+ meeting, with the group facing calls from consumers to…

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Oil tumbles as U.S. piles pressure onto OPEC+ for more barrels

Wednesday, November 3, 2021, 6:39 AM MDT

Oil fell as the U.S. intensified pressure on OPEC+ to boost supplies when it meets on Thursday, while concerns grew…

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BP says oil demand is back above 100 million barrels a day

Tuesday, November 2, 2021, 6:46 AM MDT

As world leaders discuss the fight against climate change, global oil demand has bounced back above the key level of…

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Brent oil hovers near $85 as pressure grows before OPEC+ meeting

Tuesday, November 2, 2021, 6:33 AM MDT

Oil remained close to $85 a barrel as the market turns its attention to a meeting of oil producers on…

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Oil rises on speculation OPEC may spurn Biden’s appeal on output

Monday, November 1, 2021, 6:46 AM MDT

Oil rose on speculation OPEC+ could spurn mounting pressure to boost production at a faster clip, even as consumption roars…

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Canadian oil collapses at U.S. hub as refiners shun heavy crude

Friday, October 29, 2021, 6:58 AM MDT

Canadian heavy crude’s price collapsed at the U.S. trading hub of Cushing as refiners shun heavy and higher-sulphur crude for…

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‘Huge’ flows into ESG unlikely to abate, Norway wealth fund says

Friday, October 29, 2021, 6:51 AM MDT

The sovereign wealth fund of Norway, the world’s biggest, is expecting the breathless flow of money into environmental, social and…

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Oil powers to 10% monthly advance as stockpiles spiral lower

Friday, October 29, 2021, 6:40 AM MDT

Oil is on course for a monthly gain of about 10 per cent on sustained signs that consumption is outpacing…

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