Markets & Investment

Brookfield Infrastructure completes acquisition of Inter Pipeline; IPL to be delisted

Friday, October 29, 2021, 6:37 AM MDT

Brookfield Infrastructure Partners L.P. says it has completed the acquisition of Inter Pipeline Ltd. The transaction was approved near unanimously…

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University of Toronto to fully divest $4 billion endowment from fossil fuels by 2030

Thursday, October 28, 2021, 7:03 AM MDT

The University of Toronto has become the latest institution to commit to the divestment movement, saying Wednesday that it will…

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Oil eases as investors weigh resumption of Iran nuclear talks

Thursday, October 28, 2021, 7:02 AM MDT

Oil fell for a second day as investors weighed the possibility that Iran may revive exports after a build in…

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Shell CEO defends strategy against Loeb bid to split company

Thursday, October 28, 2021, 6:51 AM MDT

Royal Dutch Shell Plc mounted a robust defense against activist investor Dan Loeb’s bid to split the company, and pension…

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Permian Basin sees US$30 billion of upstream M&A in just six months

Thursday, October 28, 2021, 6 AM MDT

Evaluate Energy’s latest M&A report shows that between the start of April and the end of September, the Permian Basin…

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Regulator orders steep hike in Manitoba natural gas rates, cites tight market

Wednesday, October 27, 2021, 6:44 AM MDT

Manitobans will be paying significantly more for natural gas starting next month. The Public Utilities Board has approved a rate…

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Oil declines after industry report shows rising U.S. inventories

Wednesday, October 27, 2021, 6:36 AM MDT

Oil’s bumper rally cooled after an increase in U.S. crude inventories and as industrial commodities retreated. Brent for December settlement…

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Big Oil is about to post highest cash flow in more than 13 years

Tuesday, October 26, 2021, 7:05 AM MDT

The Western world’s biggest oil companies likely just generated more cash than at any time since the Great Recession, and…

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Energy squeeze will trigger unrest, says Blackstone’s Schwarzman

Tuesday, October 26, 2021, 6:59 AM MDT

Blackstone Inc. co-founder Stephen Schwarzman said the world is facing energy shortages so severe they could cause social unrest. “We’re…

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Brent oil near three-year high with traders eyeing stockpiles

Tuesday, October 26, 2021, 6:47 AM MDT

Oil traded near its highest level since 2018 amid expectations that stockpiles will continue to decline globally as OPEC+ keeps…

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Eni, Shell lead oil producers in green energy deal making in 2021

Monday, October 25, 2021, 2:51 PM MDT

Eni and Royal Dutch Shell plc have been the most active among traditional oil and gas producers when it comes…

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Brent oil takes out $86 as Saudi Arabia vows caution on supplies

Monday, October 25, 2021, 7:05 AM MDT

Brent oil rallied above $86 a barrel after Saudi Arabia urged caution in boosting supply, while an eye-watering rally in…

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