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energy and resources
OPEC again lowers its 2024, 2025 global oil demand growth forecast
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 settles near 3-year low on weak demand outlook
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)
market news
TSX ends down as oil weakens to lowest level since 2021
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 9, 2024.
energy and resources
Halt in Libyan oil exports pushes up rival Mediterranean, U.S. grades
FILE PHOTO: Crude oil storage tanks are seen at Azzawiya oil refinery, in Zawiyah, west of Tripoli, Libya July 23, 2020. REUTERS/Ismail Zitouny/File Photo
energy and resources
Oil steady as supply disruptions from Storm Francine offset weak demand
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
inside the market
What every Canadian investor needs to know today
NEW YORK, NEW YORK - SEPTEMBER 05: Traders work on the floor of the New York Stock Exchange during afternoon trading on September 05, 2024 in New York City. Stocks closed with a loss with the Dow Jones dipping under 200 points ahead of Friday's U.S. economy labor report and labor market data that was weaker than expected. (Photo by Michael M. Santiago/Getty Images)
energy and resources
Weak oil demand looms over Singapore industry gathering
Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. Picture taken December 7, 2018. REUTERS/Stringer/file photo
energy and resources
Oil prices fall on U.S. jobs data, set for big weekly drop
A flare burns off methane and other hydrocarbons as oil pumpjacks operate in the Permian Basin in Midland, Texas, Tuesday, Oct. 12, 2021. The federal Liberals will finally provide details on their long-promised oil and gas emissions cap today.THE CANADIAN PRESS/AP, David Goldman
energy and resources
U.S. crude stocks drop to one-year low as imports fall, EIA says
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
OPEC+ agrees to delay October oil output hike for two months
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. Leading oil-producing countries led by Saudi Arabia and Russia are wrestling with whether to make another cut in crude supplies to the global economy as the OPEC+ alliance struggles to prop up sagging oil prices that have been a boon to U.S. drivers and helped ease inflation worldwide. The group is meeting Sunday, June 4, 2023 at OPEC headquarters in Vienna after sending mixed signals about possible moves. (AP Photo/Lisa Leutner, File)
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
alberta
Alberta government expecting a boost in its 2024-25 surplus largely due to oil prices
Alberta Finance Minister Nate Horner delivers the 2024 budget in Edmonton, Thursday, Feb. 29, 2024. Alberta's first-quarter fiscal update shows the government expects a surplus of $2.9 billion but won't have surplus cash and will need to borrow hundreds of millions of dollars. THE CANADIAN PRESS/Jason Franson.
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)
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