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energy and resources
Oil prices hold at 14-month low as demand worries offset big US storage withdrawal
FILE - Pumpjacks operating at the Kern River Oil Field are seen in Bakersfield, Calif., on Jan. 16, 2015. The state of California has filed a lawsuit against some of the world's largest oil and gas companies, claiming they deceived the public about the risks of fossil fuels blamed for climate change-related storms and wildfires that caused billions of dollars in damage. (AP Photo/Jae C. Hong, File)
energy and resources
OPEC+ discussing delay to planned oil output hike in October, sources say
FILE PHOTO: The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina//File Photo
energy and resources
Oil prices edge up as OPEC+ may delay supply hike, U.S. stockpiles fall
An array of pumpjacks operate near the site of a new oil and gas well being drilled Friday, April 8, 2022 in Midland, Texas. Exxon Mobil Corp. is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas. (Eli Hartman/Odessa American via AP, File)
energy and resources
Oil slumps about 5 per cent as end to Libyan dispute in sight
FILE - A flare burns off methane and other hydrocarbons as oil pumpjacks operate in the Permian Basin in Midland, Texas, Oct. 12, 2021. A large 5.1 magnitude earthquake hit West Texas on Friday, July 26, 2024. The U.S. Geological Survey said it’s highly likely the quake was caused by oil and gas activity. (AP Photo/David Goldman, File)
energy and resources
OPEC+ likely to proceed with planned output hike from October, sources say
FILE - The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria, on March 3, 2022. Angola says it’s leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year. According to state news agency Angop, the African nation’s oil minister said Thursday that Angola “does not gain anything by remaining in the organization.” (AP Photo/Lisa Leutner, File)
energy and resources
Oil settles US$1 down as supply set to rise, uncertainty around Fed rate cuts
FILE PHOTO: Oil rig pumpjacks, also known as thirsty birds, extract crude from the Wilmington Field oil deposits area near Long Beach, California July 30, 2013. REUTERS/David McNew/File Photo/File Photo
energy and resources
Chinese oil major CNOOC says fossil fuel will be crucial for the foreseeable future
FILE PHOTO: The logo of China National Offshore Oil Corp (CNOOC) is pictured at its headquarters in Beijing, China April 4, 2018. Picture taken April 4, 2018. REUTERS/Stringer/File photo
energy and resources
Oil settles up over 1 per cent on worries over supplies from Libya, Iraq
FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. REUTERS/Stringer
energy and resources
U.S. crude, gasoline stockpiles fall on stronger demand, EIA data show
FILE PHOTO: Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil in Carson, California, U.S., March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan/File Photo
energy and resources
Oil prices fall 1 per cent after U.S. crude stocks draw; Libyan supply risks limit losses
FILE - Pumpjacks operating at the Kern River Oil Field are seen in Bakersfield, Calif., on Jan. 16, 2015. The state of California has filed a lawsuit against some of the world's largest oil and gas companies, claiming they deceived the public about the risks of fossil fuels blamed for climate change-related storms and wildfires that caused billions of dollars in damage. (AP Photo/Jae C. Hong, File)
energy and resources
U.S. crude stocks, fuel inventories decline as demand picks up: EIA
FILE PHOTO: Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil in Carson, California, U.S., March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan/File Photo
energy and resources
U.S. crude oil export gains slow as output, global demand turn tepid
FILE PHOTO: A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson/File Photo
report on business
High energy prices are forcing German manufacturers to consider cutting production
An employee takes a sample at the blast furnace at the ThyssenKrupp plant in Duisburg, western Germany on November 16, 2021. - Shares in Thyssenkrupp rose at the Frankfurt Stock Exchange on November 16 after press reports about the possible IPO of a unit developing green hydrogen projects. ThyssenKrupp wants to find out, how coal can be replaced by hydrogen in the production of iron in their blast furnaces. Behind this is the "H2Stahl" project, the aim of which is to reduce CO2 emissions in steel production in the future by using hydrogen. (Photo by Ina FASSBENDER / AFP) (Photo by INA FASSBENDER/AFP via Getty Images)
energy and resources
Oil settles down 1 per cent as Middle East tensions ease, China data weak
Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. REUTERS/Stringer
energy and resources
Oil falls 2 per cent to end volatile week, focus on China demand concerns
FILE PHOTO: Oil rig pumpjacks, also known as thirsty birds, extract crude from the Wilmington Field oil deposits area near Long Beach, California July 30, 2013. REUTERS/David McNew/File Photo/File Photo
globe investor
How deep a cut? World market themes for the week ahead
Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the Federal Reserve Board Building Tuesday, Wednesday, July 31, 2024, in Washington.
energy and resources
Oil rises nearly 2% on upbeat U.S. economic data, geopolitical tension
Statistics Canada says real gross domestic product grew 0.3 per cent in April, helped by strength in several industries including wholesale trade, mining, quarrying, and oil and gas extraction and manufacturing. Pumpjacks draw out oil and gas from a well head near Calgary on Sunday, May 12, 2024.THE CANADIAN PRESS/Jeff McIntosh
globe investor
Utilities give clean energy investors a boost over solar
Gavin Maguire
energy and resources
Oil rises nearly 2% on upbeat US economic data, geopolitical tension
A pumpjack works at a well head on an oil and gas installation near Cremona, Alta., Saturday, Oct. 29, 2016.THE CANADIAN PRESS/Jeff McIntosh
energy and resources
OPEC cuts 2024 oil demand growth forecast, citing softer expectations for China
FILE PHOTO: The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudinao/File Photo
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