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energy and resources
Trans Mountain pipeline expansion will boost Canadian oil prices ‘for years’ to come, MEG Energy says
FILE PHOTO: The last section of pipeline is assembled on the Trans Mountain pipeline expansion project before operations are expected to begin in the second quarter of 2024, near Laidlaw, British Columbia, Canada, February 18, 2024. REUTERS/Chris Helgren/File Photo
energy and resources
Crescent Point Energy selling $600-million of assets to Saturn Oil & Gas
A pumpjack draws out oil and gas from a well head as the sun sets near Calgary, Alta., Sunday, Oct. 9, 2022. Crescent Point Energy Corp. says it has signed an agreement with Paramount Resources Ltd. to acquire additional Kaybob Duvernay assets for $375 million. THE CANADIAN PRESS/Jeff McIntosh
globe investor
Clean energy ETFs start to outperform key oil & gas ETF
Gavin Maguire
energy and resources
Duke Energy’s first-quarter profit tops estimates as residential customers surge
FILE PHOTO: The company logo and ticker for Duke Energy Corp. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 4, 2019. REUTERS/Brendan McDermid/File Photo
energy and resources
Saudi Aramco maintains dividend despite lower net income in first quarter
(FILES) This picture shows Aramco tower at the King Abdullah Financial District (KAFD) in Riyadh on April 16, 2023. Oil giant Saudi Aramco said on May 7, 2024 that its first-quarter net profit dipped 14.5 percent on year to $27.27 billion as the Gulf kingdom kept production cuts in place. (Photo by Fayez Nureldine / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)
opinion
The uneasy intersection of oil and climate
The Editorial Board
energy and resources
Oil settles lower on signs of easing supply tightness
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
market news
The close: S&P 500 and TSX extend winning streaks, despite Disney drag
A specialist trader works at his post on the floor at the New York Stock Exchange (NYSE) on April 29.
energy and resources
Shell in talks to sell Malaysian fuel stations to Saudi Aramco, sources say
FILE PHOTO: A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James/File Photo
market news
The close: TSX up more than 300 points to three-week high as rate cut hopes renew
Traders work on the floor of the New York Stock Exchange (NYSE) on May 3.
analysis
Trans Mountain pipeline is the latest boon to oil and gas stocks, but investors aren’t sold
Tim Shufelt
report on business
Slowdown in do-it-yourself home projects weakens lumber markets
Stacks of lumber are seen at Teal-Jones Group sawmill in Surrey, B.C., on Sunday, May 30, 2021. British Columbia’s lumber industry is anxiously parsing U.S. President Joe Biden’s latest Buy American language to better understand the implications for Canadian exporters. The B.C. Lumber Trade Council says it’s “concerning” that Biden says he wants to restrict the use of foreign lumber in federally funded infrastructure projects. THE CANADIAN PRESS/Darryl Dyck
international business
Big Oil finds more to love in deepwater exploration fields
FILE - A large plume of smoke rises from fires on BP's Deepwater Horizon offshore oil rig in the Gulf of Mexico, more than 50 miles southeast of Venice on Louisiana's tip on April 2010. A new National Academy of Science study says that 13 years after a massive BP oil spill fouled the Gulf of Mexico, regulators and industry have reduced some risks in deep water exploration in the gulf but some troublesome safety issues persist. (AP Photo/Gerald Herbert, File)
energy and resources
Pipeline operator TC Energy sees natural gas deliveries rise as power demand booms
FILE PHOTO: TC Energy's logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
energy and resources
Oil settles down on U.S. jobs data, steepest weekly loss in three months
FILE PHOTO: An oil pumpjack is pictured in the Permian basin, Loco Hills regions, New Mexico, U.S., April 6, 2023. REUTERS/Liz Hampton/File Photo
market news
The close: Wall Street sharply higher as nonfarm payrolls report strengthens case for rate cuts in both the U.S. and Canada
A trader works inside a booth on the floor of the New York Stock Exchange on May 1.
energy and resources
Paramount Resources reports $68.1-million quarterly profit, raises monthly dividend 20%
A pumpjack draws out oil and gas from a well head as the sun sets near Calgary, Alta., Sunday, Oct. 9, 2022. Crescent Point Energy Corp. says it has signed an agreement with Paramount Resources Ltd. to acquire additional Kaybob Duvernay assets for $375 million. THE CANADIAN PRESS/Jeff McIntosh
report on business
Latest national emissions report shows signs of progress toward Canada’s 2030 goal
A report from RBC says business spending on climate action needs to "rise exponentially" for the country to be on course for net zero emissions by 2050. A flare stack lights the sky from a refinery in Edmonton on December 28, 2018. THE CANADIAN PRESS/Jason Franson
world
Russia is shipping oil to North Korea above UN mandated levels, White House says
A crude oil tanker sails in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel/File Photo
energy and resources
Shell smashes forecasts with US$7.7-billion quarterly profit
FILE PHOTO: A view shows a board with the logo of Shell at the company's fuel station in Saint Petersburg, Russia May 6, 2022. REUTERS/Anton Vaganov
energy and resources
Canadian Natural Resources says it sees path to hike Horizon oil sands output by 76%
FILE PHOTO: A Canadian Natural Resources pump jack pumps oil out of the ground near Dorothy, Alberta, Canada, June 30, 2009. REUTERS/Todd Korol/File Photo
energy and resources
Oil settles near 7-week lows, focus shifts to economy
Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. REUTERS/Stringer
market news
The close: Major North American indexes higher, led by Nasdaq, amid plethora of mixed earnings
Traders work on the floor at the New York Stock Exchange in New York, Wednesday, May 1.
report on business
After years of delays and cost overruns, the $34-billion Trans Mountain pipeline expansion project finally opens
FILE PHOTO: A drone view of three berths able to load vessels with oil is seen after their construction at Westridge Marine Terminal, the terminus of the Canadian government-owned Trans Mountain pipeline expansion project in Burnaby, British Columbia, Canada, April 26, 2024. REUTERS/Chris Helgren/File Photo
report on business
Port of Vancouver constraints for Trans Mountain pipeline may crimp oil exports
FILE PHOTO: A cargo ship passes under Lions Gate Bridge into the Port of Vancouver, which would see a seven-fold increase in the amount of oil tankers if Kinder Morgan's Trans Mountain Pipeline expansion is approved, in Vancouver, British Columbia, Canada November 18, 2016. REUTERS/Chris Helgren/File Photo
report on business
Cenovus Energy beats profit estimate on production boost
Cenovus Energy must pay a $2.5 million fine for its role in the largest offshore oil spill ever recorded in Newfoundland and Labrador. Cenovus logos are displayed at the Global Energy Show in Calgary, Tuesday, June 7, 2022.THE CANADIAN PRESS/Jeff McIntosh
market news
The close: Stocks mixed as Fed leaves investors guessing as to when rate cuts will arrive
NEW YORK, NEW YORK - APRIL 29: Traders work on the floor of the New York Stock Exchange during morning trading on April 29, 2024 in New York City. Stocks opened high Monday morning amid a Federal Reserve rate decision and the monthly jobs report later this week. (Photo by Michael M. Santiago/Getty Images)
report on business
Imperial Oil shareholders reject proposal to disclose effects of energy transition
FILE PHOTO: The Imperial Strathcona Refinery which produces petrochemicals is seen near Edmonton, Alberta, Canada, October 7, 2021. REUTERS/Todd Korol/File Photo
report on business
Trans Mountain pipeline expansion gets green light to open for May 1
Workers lay pipe during construction of the Trans Mountain pipeline in Abbotsford, B.C., on Wednesday, May 3, 2023. THE CANADIAN PRESS/Darryl Dyck
economy
Canadian economy loses steam after strong start to year, grows 0.2% in February
Statistics Canada says manufacturing sales rose 0.7 per cent to $72.3 billion in March, boosted by gains in the motor vehicle, aerospace product and parts, and primary metal industries. General view of production along the Honda CRV production line is shown during a tour of a Honda manufacturing plant in Alliston, Ont., Wednesday, Apr. 5, 2023. THE CANADIAN PRESS/Cole Burston
market news
The close: Major indexes fall after wage data; cannabis shares surge on U.S. regulatory move
The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto in January of 2019.
report on business
Crude shipments beginning to flow on expanded Trans Mountain pipeline
Construction of the Trans Mountain pipeline is seen under way in Kamloops, B.C., Tuesday, Sept. 1, 2020. THE CANADIAN PRESS/Jonathan Hayward

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