Markets & Investment
Oil heads for weekly decline as U.S. plans huge reserve release
Friday, April 1, 2022, 6:34 AM MDT
Oil headed for the biggest weekly loss in almost two years after the Biden administration ordered an unprecedented release of…
Oil slumps as U.S. mulls bigger reserve release to cool prices
Thursday, March 31, 2022, 6:40 AM MDT
Oil tumbled on signs the U.S. is considering tapping its reserves again in a potentially massive release aimed at managing…
Oil climbs after two-day drop as investors assess Ukraine talks
Wednesday, March 30, 2022, 6:23 AM MDT
Oil rose as investors cautiously assessed the outlook for a de-escalation of Russia’s war in Ukraine and any potential impact…
Oil retreats as China’s COVID resurgence imperils demand outlook
Tuesday, March 29, 2022, 6:35 AM MDT
Oil fell as China issued more lockdowns, raising fresh concerns about demand slowing in the world’s biggest crude importer. Futures…
Russian weekly oil exports drop 26% as buyers look elsewhere
Monday, March 28, 2022, 7:13 AM MDT
Russia’s oil exports shriveled by more than a quarter in the week March 17-23 compared with the prior week, according…
Vermilion buying Leucrotta Exploration for $477 million
Monday, March 28, 2022, 7:08 AM MDT
Vermilion Energy Inc. has signed a deal to buy junior energy company Leucrotta Exploration Inc. for $477 million. Leucrotta is…
China oil giant plans record capex on energy security push
Monday, March 28, 2022, 7:05 AM MDT
Sinopec will spend record amounts this year to increase oil and gas drilling as China aims to bolster its energy…
Oil falls with China’s worsening virus flare-up, growth concerns
Monday, March 28, 2022, 7:05 AM MDT
Oil retreated as China’s worsening virus resurgence raised concerns about demand in the world’s biggest crude importer, and as worries…
UAE signals support for Russia in OPEC+ before group meets
Monday, March 28, 2022, 7:04 AM MDT
The United Arab Emirates endorsed the continued role of Russia in OPEC+, even as governments condemn Moscow’s invasion of Ukraine…
TotalEnergies doesn’t plan to divest Russia assets, CEO says
Monday, March 28, 2022, 7:01 AM MDT
TotalEnergies SE doesn’t plan to divest its Russian assets amid the war in Ukraine, as doing so would essentially mean…
Energy consumers pledge ‘radical’ cutbacks in Russian imports
Friday, March 25, 2022, 7:06 AM MDT
Major oil and gas consumers have pledged “radical” cutbacks in imports from Russia, the International Energy Agency said at the…
Oil demand destruction is here amid Ukraine War, JPMorgan says
Friday, March 25, 2022, 6:57 AM MDT
Commodities markets have a well-worn saying that “the cure for high prices is high prices.” According to JPMorgan Chase &…
