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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
