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energy and resources
Chinese oil major CNOOC reports record 2022 profits, double previous year
(FILES) In this file photo taken on August 30, 2005, a man walks by a screen showing the logo of China National Offshore Oil Corp (CNOOC) during a video press conference, in Hong Kong. - The US Commerce Department on January 14, 2021, added China's state oil giant CNOOC to its blacklist over what it called "belligerent" actions in the disputed South China Sea. (Photo by Philippe LOPEZ / AFP) (Photo by PHILIPPE LOPEZ/AFP via Getty Images)
energy and resources
Oil dips on profit taking, markets debate supply tightness
FILE - A flare burns off methane and other hydrocarbons as oil pumpjacks operate in the Permian Basin in Midland, Texas, Oct. 12, 2021. Two Texas companies have resolved Clean Air Act violations with the Environmental Protection Agency by agreeing to reduce emissions of planet-warming methane and other harmful pollutants wafting from the nation's largest oil and gas producing region. (AP Photo/David Goldman, File)
market news
Canadian dollar rises to three-week high as safe-haven demand cools
A loonie is pictured in Toronto on Jan. 23, 2015.
energy and resources
Oil production in Iraq’s Kurdistan region at risk after Turkey halts pipeline exports
(FILES) In this file photo taken on May 31, 2009, a worker is seen at an oil refinery near the village of Taq Taq, in the autonomous Iraqi region of Kurdistan. - Iraq's oil wealth is rekindling tensions between federal authorities and the autonomous Kurdish region, in a row that could compromise the lifeline industry and keep investors away, analysts say. (Photo by Safin HAMED / AFP) (Photo by SAFIN HAMED/AFP via Getty Images)
energy and resources
Crescent Point to buy Spartan Delta assets in Alberta for $1.7-billion to boost Montney presence
Crescent Point Energy, whose oil assets have include operations on Saskatchewan’s Bakken formation, is beginning a process to sell its Viking and Swan Hills assets in Saskatachewan and Alberta.
energy and resources
Oil prices rise on Kurdish supply risks and banking relief
FILE - A pumpjack extracts crude at an oil field in Emlichheim, Germany, March 18, 2022. Wildfires, floods and soaring temperatures have made climate change real to many Americans. Yet a sizeable number continue to dismiss the scientific consensus that human activity is to blame. That's in part because of a decades-long campaign by fossil fuel companies to muddy the facts and promote fringe explanations. (AP Photo/Martin Meissner, File)
energy and resources
Oil rises over $3 on Kurdistan export halt, banking optimism
FILE - A worker walks near pumpjacks operating at the Kern River Oil Field in Bakersfield, Calif., Jan. 16, 2015. The oil and gas industry’s emissions are a main cause of climate change and in the past the industry undermined sound evidence that carbon greenhouse gases warm the atmosphere. (AP Photo/Jae C. Hong, File)
opinion
Here’s a thought for Canada’s Indo-Pacific strategy: some LNG diplomacy
Scott McKnight and Giancarlo Da-Re
energy and resources
Willow oil project in Alaska holds promise, but isn’t a sure thing, state official says
Demonstraters protest against the Biden administration's approval of the Willow oil-drilling project before a scheduled speech by Biden at the Department of the Interior in Washington, Tuesday, March 21, 2023. (AP Photo/Patrick Semansky)
energy and resources
Oil settles down on worries over European banks, U.S. crude reserve
FILE - A worker walks near pumpjacks operating at the Kern River Oil Field in Bakersfield, Calif., Jan. 16, 2015. The oil and gas industry’s emissions are a main cause of climate change and in the past the industry undermined sound evidence that carbon greenhouse gases warm the atmosphere. (AP Photo/Jae C. Hong, File)
canada
Newfoundland and Labrador budget projects $160-million deficit, paints rosy picture
Newfoundland and Labrador Minister of Finance Siobhan Coady presents the 2021 provincial budget in St.John's on Monday, May 31, 2021. THE CANADIAN PRESS/Paul Daly
energy and resources
Oil drops as oversupply concerns overshadow demand hopes
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
US crude inventories rise unexpectedly to 22-mth high, fuel stocks fall, EIA says
FILE PHOTO: 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. REUTERS/Angus Mordant
rob magazine
Smart money: How Robert Taylor uses hockey strategy to pick stocks
Robert Taylor is the Senior VP and Chief Investment officer Canoe Financial LP, Feb 2023
energy and resources
Banking turmoil will not have knock-on effect on commodities, Trafigura CFO says
FILE PHOTO: Logos of Swiss banks UBS and Credit Suisse are seen in Zurich, Switzerland March 20, 2023. REUTERS/Denis Balibouse
energy and resources
Oil up 2% as dollar weakens on small US Fed rate hike
FILE - A pumpjack extracts crude at an oil field in Emlichheim, Germany, March 18, 2022. Wildfires, floods and soaring temperatures have made climate change real to many Americans. Yet a sizeable number continue to dismiss the scientific consensus that human activity is to blame. That's in part because of a decades-long campaign by fossil fuel companies to muddy the facts and promote fringe explanations. (AP Photo/Martin Meissner, File)
advisor stocks
Commodity markets likely to escape banking crisis fallout, traders say
FILE PHOTO: A Shell employee walks through the company's Quest Carbon Capture and Storage (CCS) facility in Fort Saskatchewan, Alberta, Canada, October 7, 2021. REUTERS/Todd Korol/File Photo
investment ideas
Traders, funds bullish on oil price despite banking woes
A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, near Iraan, Texas, U.S., March 17, 2023.
energy and resources
Oil prices rise for second day as banking fears fade
An array of pumpjacks operate Thursday, July 7, 2022, in Odessa, Texas. (Eli Hartman/Odessa American via AP)
energy and resources
Iraq in final stages of talks on US$27-billion TotalEnergies deal, oil minister says
A logo of TotalEnergies is seen at an electric vehicle fuelling station in the La Defense business district in Courbevoie near Paris, France, February 8, 2023. REUTERS/Sarah Meyssonnier
energy and resources
Oil prices rebound after hitting lowest since 2021 on banking fears
FILE - A worker walks near pumpjacks operating at the Kern River Oil Field in Bakersfield, Calif., Jan. 16, 2015. The oil and gas industry’s emissions are a main cause of climate change and in the past the industry undermined sound evidence that carbon greenhouse gases warm the atmosphere. (AP Photo/Jae C. Hong, File)
report on business
International Petroleum Corp CEO urges Canada to offer more funding to build carbon capture
FILE PHOTO: Oil goes into a tailings pond at an oil sands operation near Fort McMurray, Alberta, September 17, 2014./File Photo
opinion
The Trans Mountain pipeline purchase has been a (necessary) failure
The Editorial Board
alberta
Ottawa requests joint ‘working group’ on oil sands contamination with Alberta
Tailings samples are being tested during a tour of Imperial's oil sands research centre in Calgary, Alta., Tuesday, Aug. 28, 2018. Federal Environment Minister Steven Guilbeault wants to set up a new group with the Alberta government and Indigenous communities to monitor and oversee contamination problems in the oilsands. THE CANADIAN PRESS/Jeff McIntosh
energy and resources
Suncor gives Elliott Investment Management more time to add another director to board
FILE PHOTO: The Suncor Energy logo is seen at their head office in Calgary, Alberta, Canada, April 17, 2019. REUTERS/Chris Wattie/File Photo
energy and resources
Oil prices settle down, post big weekly losses on bank fears
A flare burns off methane and other hydrocarbons as oil pumpjacks operate in the Permian Basin in Midland, Texas, Tuesday, Oct. 12, 2021. Massive amounts of methane are venting into the atmosphere from oil and gas operations across the Permian Basin, new aerial surveys show. The emission endanger U.S. targets for curbing climate change. (AP Photo/David Goldman)
inside the market
Canada’s oil and gas stocks take a plunge amid banking upheaval
Oil field pump jacks in rural Southern Alberta, November 9, 2022. Todd Korol/The Globe and Mail
top links
This ratio suggests housing price rally to resume
A for sale sign is shown by new homes in Beckwith, Ont., just outside Ottawa, on Wednesday, Jan. 11, 2018. Many investors may have to turn to their parents and grandparents for advice on weathering the current challenge known as stagflation. The last big bout of stagnant growth and high inflation was in the 1970s and early 1980s, a period when double-digit inflation prompted mortgage rates to soar above 20 per cent, unemployment was high and house sales plunged. THE CANADIAN PRESS/Sean Kilpatrick
energy and resources
U.S. crude exports to China set to hit nearly 2½ yeah high in March
FILE PHOTO: An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS
energy and resources
Oil snaps declining streak as Saudi, Russia meeting calms markets
Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. REUTERS/Stringer
alberta
Federal and Alberta governments to study oil sands tailings leak communication
Tailings samples are being tested during a tour of Imperial's oil sands research centre in Calgary, Alta., Tuesday, Aug. 28, 2018. Recent leaks of toxic tailings from northern Alberta oilsands mines have revealed serious flaws in how Canada and Alberta look after the environment, observers say. THE CANADIAN PRESS/Jeff McIntosh
energy and resources
U.S. crude stockpiles rise, fuel draws down last week: EIA
FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford
energy and resources
Oil slumps to lowest in more than a year as banking fears mount
FILE - A pumpjack extracts crude at an oil field in Emlichheim, Germany, March 18, 2022. Wildfires, floods and soaring temperatures have made climate change real to many Americans. Yet a sizeable number continue to dismiss the scientific consensus that human activity is to blame. That's in part because of a decades-long campaign by fossil fuel companies to muddy the facts and promote fringe explanations. (AP Photo/Martin Meissner, File)
world
Lawmakers fear spill on Keystone system in southern Kansas
FILE - In this photo taken by a drone, cleanup continues in the area where the ruptured Keystone pipeline dumped oil into a creek in Washington County, Kan., on Dec. 9, 2022. A faulty weld at a bend in an oil pipeline contributed to a spill that dumped nearly 13,000 bathtubs' worth of crude oil into a northeastern Kansas creek, the pipeline's operator said Thursday, Feb. 9, 2023, estimating the cost of cleaning it up at $480 million. (DroneBase via AP, File)
energy and resources
OPEC further raises its forecast for Chinese oil demand growth in 2023
FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen at OPEC's headquarters in Vienna, Austria December 5, 2018. REUTERS/Leonhard Foeger/File Photo
international business
Oil falls to three-month low on inflation worries, U.S. bank shutdowns
An array of pumpjacks operate Thursday, July 7, 2022, in Odessa, Texas. (Eli Hartman/Odessa American via AP)