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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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