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energy and resources
Oil rises on renewed gasoline demand, weak dollar
FILE PHOTO: The receiver station of the Druzhba oil pipeline between Hungary and Russia is seen at the Hungarian MOL Group's Danube Refinery in Szazhalombatta, Hungary, May 18, 2022. REUTERS/Bernadett Szabo/File Photo
energy and resources
Oil prices settle lower on Russian pipeline constraints, recession fear
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)
energy and resources
Oil edges up on strong economic data but trade choppy
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)
energy and resources
Oil prices hit lowest since Ukraine invasion amid recession fears
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)
energy and resources
Oil rises for a second day on supply concerns
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)
energy and resources
Oil market sees support from physical tightness
FILE - The sun sets behind an idle pump jack near Karnes City, USA, April 8, 2020. Oil markets have been fluctuating over fears of lost supplies from Russia because of the war in Ukraine. But the alliance of OPEC members and allied oil-producing countries are likely to steer a steady course when they decide production levels at an online meeting Thursday. The OPEC+ alliance has been opening the taps only gradually to restore cuts made during the worst of the pandemic recession. (AP Photo/Eric Gay, File)
energy and resources
Oil rises 2% as no immediate Saudi output boost expected
Active pump jacks increase pressure to draw oil toward the surface at the South Belridge Oil Field on February 26, 2022, in unincorporated Kern County, California, approximately 141 miles (227 km) northwest of Los Angeles, California. - From rural areas of the eastern states where modern oil production began to cities in southern California where pumpjacks loom not far from homes, lax regulations and the petroleum industrys boom and busts cycles have left the US pockmarked with perhaps hundreds of thousands of oil wells that are unsealed and haven't produced in decades. In a first, Washington is making a concerted effort to plug these wells by allocating $4.7 billion in federal infrastructure dollars to plug the wells in an effort to lessen the negative health and environmental impact of the disused wells. (Photo by Robyn BECK / AFP) (Photo by ROBYN BECK/AFP via Getty Images)
energy and resources
Brent crude settles below $100 a barrel on higher dollar, weak demand outlook
An array of pumpjacks operate Thursday, July 7, 2022, in Odessa, Texas. (Eli Hartman/Odessa American via AP)
energy and resources
Oil rises 2% but set for weekly loss amid recession fears
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)
energy and resources
Oil settles up nearly $4 as tight supply outweighs recession fears
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)
energy and resources
Oil slides 2% to 12-week low on fears of global recession
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)
energy and resources
Oil slumps 6% to four-week low on recession worries, strong dollar
LOS ANGELES, CALIFORNIA - MARCH 28: Oil pumpjacks are viewed in the Inglewood Oil Field on March 28, 2022 in Los Angeles, California. U.S. oil prices fell 7 percent to $105.96 per barrel while Brent crude lost 6.8 percent over demand concerns as China begins to implement a mass COVID-19 lockdown in Shanghai. (Photo by Mario Tama/Getty Images)
energy and resources
Oil edges up as supply risks counter economic growth worries
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)
energy and resources
Oil falls 2.5% as U.S. refiners ramp up output, equities retreat
FILE PHOTO: An aerial view shows an oil factory of Idemitsu Kosan Co. in Ichihara, east of Tokyo, Japan November 12, 2021, in this photo taken by Kyodo. Mandatory credit Kyodo/via REUTERS
energy and resources
Oil up for fourth day as supply fears outweigh COVID-19 lockdowns in China
Active pump jacks increase pressure to draw oil toward the surface at the South Belridge Oil Field on February 26, 2022, in unincorporated Kern County, California, approximately 141 miles (227 km) northwest of Los Angeles, California. - From rural areas of the eastern states where modern oil production began to cities in southern California where pumpjacks loom not far from homes, lax regulations and the petroleum industrys boom and busts cycles have left the US pockmarked with perhaps hundreds of thousands of oil wells that are unsealed and haven't produced in decades. In a first, Washington is making a concerted effort to plug these wells by allocating $4.7 billion in federal infrastructure dollars to plug the wells in an effort to lessen the negative health and environmental impact of the disused wells. (Photo by Robyn BECK / AFP) (Photo by ROBYN BECK/AFP via Getty Images)
energy and resources
Oil rebounds in volatile trading as market weighs China’s plans to support its economy
The sun sets beyond a pumpjack Wednesday, April 21, 2021, near Goldsmith, Texas. (Eli Hartman/Odessa American via AP)
energy and resources
Oil slumps to three-week low after Fed minutes, big IEA reserve release announcement
LOS ANGELES, CALIFORNIA - JANUARY 28: Oil pumpjacks operate in the Inglewood Oil Field on January 28, 2022 in Los Angeles, California. The Los Angeles City Council voted to ban new oil and gas drilling as well as evaluating how to decommission existing wells in the city following years of complaints from residents. Thousands of Angelenos reside in close proximity to the more than 5,200 gas and oil wells in the city and many have complained about negative health consequences. (Photo by Mario Tama/Getty Images)
energy and resources
Oil dips on Russia-Ukraine talks, U.S. inventory data
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)
energy and resources
Oil plunges more than 6 per cent on easing supply concerns, China COVID-19 cases
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)
energy and resources
Oil rises but set for weekly loss as traders assess supply disruptions
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)
energy and resources
Oil prices spike to 2008 highs as U.S., Europe consider banning Russian imports
LOS ANGELES, CALIFORNIA - JANUARY 28: Oil pumpjacks operate in the Inglewood Oil Field on January 28, 2022 in Los Angeles, California. The Los Angeles City Council voted to ban new oil and gas drilling as well as evaluating how to decommission existing wells in the city following years of complaints from residents. Thousands of Angelenos reside in close proximity to the more than 5,200 gas and oil wells in the city and many have complained about negative health consequences. (Photo by Mario Tama/Getty Images)
energy and resources
Oil gains 3 per cent as Ukraine conflict offsets Iran supply hopes
In this April 24, 2015, file photo, pumpjacks work in a field in the Permian Basin near Lovington, N.M.
international business
Oil steadies from decade-highs as Iran talks kindle supply hopes
Pump Jacks are seen at sunrise near Bakersfield, California, October 14, 2014.
international business
Oil prices surge over 7% as global crude reserve release disappoints
A crude oil tanker is seen at Qingdao Port, Shandong province, China, April 21, 2019.
energy and resources
Brent crude rises above $105 a barrel after Russia attacks Ukraine
LOS ANGELES, CALIFORNIA - JANUARY 28: Oil pumpjacks operate in the Inglewood Oil Field on January 28, 2022 in Los Angeles, California. The Los Angeles City Council voted to ban new oil and gas drilling as well as evaluating how to decommission existing wells in the city following years of complaints from residents. Thousands of Angelenos reside in close proximity to the more than 5,200 gas and oil wells in the city and many have complained about negative health consequences. (Photo by Mario Tama/Getty Images)
inside the market
What every Canadian investor needs to know today
In this photo provided by the New York Stock Exchange, specialist Dilip Patel works at his post on the trading floor, Friday, Feb. 11, 2022. Stocks are falling sharply again on Friday, and this time Treasury yields are joining in the latest swoon for Wall Street. (Courtney Crow/New York Stock Exchange via AP)
energy and resources
Oil retreats from seven-year high as Russia says some troops are returning to bases
LOS ANGELES, CALIFORNIA - JANUARY 28: Oil pumpjacks operate in the Inglewood Oil Field on January 28, 2022 in Los Angeles, California. The Los Angeles City Council voted to ban new oil and gas drilling as well as evaluating how to decommission existing wells in the city following years of complaints from residents. Thousands of Angelenos reside in close proximity to the more than 5,200 gas and oil wells in the city and many have complained about negative health consequences. (Photo by Mario Tama/Getty Images)
market news
The close: Stocks higher as easing geopolitical worries spark broad rally; oil tumbles
The TSX ticker is shown in Toronto on May 10, 2013.
energy and resources
Oil scales over seven-year peak on political risks, supply crunch
LOS ANGELES, CALIFORNIA - NOVEMBER 23: Oil pumpjacks stand in the Inglewood Oil Field on November 23, 2021 in Los Angeles, California. President Biden announced a plan to release oil from the Strategic Petroleum Reserve in an effort to curb high gas prices. (Photo by Mario Tama/Getty Images)
market news
The close: Wall Street caps frenetic week with best day of the year
The electronic ticker display outside the Toronto Stock Exchange Tower in Toronto, is photographed after the market closed on Monday, Jan., 24, 2022.
top links
Morgan Stanley sees three reasons for $100 oil and a Canadian stock is among their top picks in the sector
Rows of steam generators line a road at the Cenovus Energy Christina Lake Steam-Assisted Gravity Drainage project south of Fort McMurray, Alberta.
energy and resources
Oil rises on concerns geopolitical risks could tighten supplies
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)
international business
Morgan Stanley expects oil at $100 a barrel in second half of year
FILE PHOTO: Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo
energy and resources
Oil slides but set for fifth weekly gain on lingering supply concerns
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)
energy and resources
Crude prices edge up, with supply concerns still dominant
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)
energy and resources
Oil edges lower as investors take profits amid interest rate hike worries
FILE - In this Jan. 16, 2015, file photo, pumpjacks operate in Bakersfield, Calif. California regulators are citing climate change for the first time as they deny new permits for hydraulic fracturing, a process used to extract oil and gas from the ground. In denying 50 fracking permits this year, the state's oil and gas supervisor said he was using his discretion to protect public health, safety and environmental quality and to mitigate greenhouse gas emissions. (AP Photo/Jae C. Hong, File)