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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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 &…

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