Oil & Gas


Shell CEO sees risk of even higher oil prices on tight supply

Thursday, July 28, 2022, 6:41 AM MDT

Oil prices are more likely to rise than fall as the tightness in supply outweighs any risks to demand, said…

Read Article


Crescent Point reports adjusted earnings jump on higher oil prices

Wednesday, July 27, 2022, 2:53 PM MDT

Crescent Point Energy Corp. says it had a net income of $331.5 million in the second quarter, down from a…

Read Article


Oil industry faces cost inflation as Vallourec lifts tube prices

Wednesday, July 27, 2022, 6:41 AM MDT

In the latest sign of cost inflation for the oil and gas industry Vallourec SA, a French maker of steel…

Read Article


Big Oil set for record profit as world reels from high fuel cost

Tuesday, July 26, 2022, 6:41 AM MDT

Big Oil is poised for a record-breaking $50 billion profit in the second quarter, but the industry’s stellar performance could…

Read Article


Crude fluctuates amid soft European economic data

Friday, July 22, 2022, 6:45 AM MDT

Oil swung between gains and losses after European economic data missed estimates, fanning concerns of an economic slowdown. WTI for…

Read Article


Europe gas rises as Russian supply via key route stays in focus

Friday, July 22, 2022, 6:40 AM MDT

European natural gas prices rose as Russian supply through a major pipeline remained at the center of traders’ attention despite…

Read Article


Ottawa earmarks funds for N.S. green energy, but ponders fossil fuel supports too

Thursday, July 21, 2022, 11:54 AM MDT

Prime Minister Justin Trudeau is promising green energy funds for Nova Scotia, while also saying the idea of upgraded facilities…

Read Article


Biden set to leave Saudi Arabia with no announcement on oil

Friday, July 15, 2022, 6:49 AM MDT

President Joe Biden will leave the Middle East this week with no announcements on increasing oil supply before a scheduled…

Read Article


Big Oil is poised to report blockbuster refining earnings

Friday, July 15, 2022, 6:36 AM MDT

More evidence has emerged that Big Oil’s second-quarter will be dominated by blockbuster refining profits. Shell Plc already flagged last…

Read Article


UAE will keep using Abu Dhabi’s oil to draw global investors

Thursday, July 14, 2022, 6:57 AM MDT

The United Arab Emirates aims to continue using its hydrocarbon wealth to attract international investors as the Persian Gulf state…

Read Article


Biden is confident of progress with Gulf oil producers in visit

Wednesday, July 13, 2022, 6:35 AM MDT

President Joe Biden is confident he will make progress with Saudi and other Gulf leaders on guaranteeing a “sustainable” level…

Read Article


New Brunswick Mi'kmaq chiefs join court challenge to N.L.'s Bay du Nord oil project

Wednesday, July 13, 2022, 6:17 AM MDT

An organization representing eight Mi'kmaq groups in New Brunswick is joining a court challenge to the federal government's approval of…

Read Article

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.