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energy and resources
OPEC+ unlikely to change output policy at Oct. 2 panel meeting, 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
Brent oil traders use little known rule to reroute U.S. cargoes
FILE PHOTO: A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. Brent crude hit a new four-year low on Wednesday before recovering to just under $85 a barrel, as faltering global growth curbed demand for fuel at a time of heavy oversupply. REUTERS/Lucy Nicholson/File Photo
energy and resources
Oil prices rise 3% after Iran launches missiles at Israel
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
globe investor
Yen thrills and oil spills in Q3’s market rollercoaster
A passerby walks past an electronic screen displaying the current Japanese Yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan, September 30.
energy and resources
Oil slumps 17% as Middle East conflict offset by slowing demand
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)
inside the market
What every Canadian investor needs to know today
Traders work on the trading floor at The New York Stock Exchange (NYSE) following the Federal Reserve rate announcement, in New York City, U.S., September 18, 2024. REUTERS/Andrew Kelly/File Photo
international business
U.S. Gulf Coast oil prices to take center stage as exports dominate
FILE PHOTO: Very Large Crude Carriers (VLCCs) line up at the Port of Corpus Christi, where they are being loaded with crude oil for shipping worldwide, in this handout picture taken July 2022. Port of Corpus Christi/Handout via REUTERS/File Photo
energy and resources
Oil settles higher but falls on the week on firmer supply outlook
FILE - In this April 24, 2015, file photo, pumpjacks work in a field in the Permian Basin near Lovington, N.M. Top officials with the largest Native American tribe in the United States are renewing a request for congressional leaders to hold a field hearing before deciding on federal legislation aimed at limiting oil and gas development around Chaco Culture National Historical Park. The Navajo Nation has struggled for years with high poverty rates and joblessness, and the tribe’s legislative leaders say individual Navajo allottees stand to lose an important source of income if a 10-mile buffer is created around the park. (AP Photo/Charlie Riedel, File)
inside the market
Friday’s analyst upgrades and downgrades
Suncor Energy facility is seen in Sherwood Park, Alberta, Canada August 21, 2019.
international business
OPEC+ set to go ahead with Dec oil output hike, sources say
FILE PHOTO: FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
international business
Saudi Arabia to drop $100 crude target to win back market share, FT reports
FILE PHOTO: Saudi Arabian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
energy and resources
Oil prices slide 3% on prospect of more OPEC+ oil
FILE - In this April 24, 2015, file photo, pumpjacks work in a field in the Permian Basin near Lovington, N.M. Top officials with the largest Native American tribe in the United States are renewing a request for congressional leaders to hold a field hearing before deciding on federal legislation aimed at limiting oil and gas development around Chaco Culture National Historical Park. The Navajo Nation has struggled for years with high poverty rates and joblessness, and the tribe’s legislative leaders say individual Navajo allottees stand to lose an important source of income if a 10-mile buffer is created around the park. (AP Photo/Charlie Riedel, File)
inside the market
What every Canadian investor needs to know today
NEW YORK, NEW YORK - SEPTEMBER 19: Traders work on the floor of the New York Stock Exchange (NYSE) on September 19, 2024, in New York City. Stocks surged over 500 points after the Federal Reserve enacted its first interest rate cut of half a percentage point off benchmark rates. (Photo by Spencer Platt/Getty Images)
market news
Canadian dollar retreats from six-month high as risk appetite cools
A loonie is pictured in Toronto on Jan. 23, 2015.
energy and resources
U.S. oil inventories fall more than forecast, crude at 2½-year low: EIA
FILE PHOTO: A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. Picture taken November 22, 2019. REUTERS/Angus Mordant/File Photo
top links
BMO chief economist makes important distinction - ‘Inflation is lower, prices are not’
People shop at a Walmart in Vaughan, Ont., on Wednesday, July 2.
energy and resources
Oil prices fall on easing Libyan supply concerns, lingering Chinese demand worries
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
Oil climbs 2% to three-week high on China stimulus, Mideast conflict
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)
inside the market
What every Canadian investor needs to know today
NEW YORK, NEW YORK - SEPTEMBER 23: Traders work on the floor of the New York Stock Exchange during morning trading on September 23, 2024 in New York City. Javier Milei, President of Argentina, rang the opening bell to recognize the 79th Session of the United Nations General Assembly as stocks opened up slightly up to start the week. (Photo by Michael M. Santiago/Getty Images)
market news
The close: TSX at all-time high for third time in a row after energy sector jump
A trader works on the trading floor at The New York Stock Exchange (NYSE) following the Federal Reserve rate announcement, in New York City, U.S., September 18.
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