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investment ideas
Wall Street sees China slump as pump relief, to a point
In this April 5, 2018, file photo, a sign for a Wall Street subway station is shown in New York. T
british columbia
Sheen dissipates but sunken U.S. fishing boat still in orca habitat east of Victoria
Response vessels with a vacuum trucks on board are shown off San Juan Island, Washington, in this recent handout photo. The United States Coast Guard says commercial divers are assessing a sunken fishing boat that went down Saturday in waters on the U.S. side of Haro Strait and is leaking fuel not far from southern Vancouver Island. The Aleutian Isle is under about 30 metres of water off San Juan Island, roughly 25 kilometres east of Victoria. A statement from the U.S. Coast Guard's Pacific Northwest district says a Good Samaritan rescued the five crew members from the nearly 15-metre vessel, but it went down with nearly 10,000 litres of fuel aboard. THE CANADIAN PRESS/HO - U.S. Coast Guard
international business
Tips and tricks to help you save on your next car rental amid rising prices
FILE - Plexiglass stands between patrons and staff at the car rental counter at Love Field airport Friday, May 28, 2021, in Dallas. Car rental costs are up nearly 50% since 2019, compared to just a 7% increase in hotel prices and a 16% increase in flight prices over the same period. High demand, a global semiconductor shortage and labor industry shortages contributed to the low supply of rental cars. (AP Photo/LM Otero, File)
energy and resources
U.S. judge reinstates Biden administration’s federal oil, gas leasing pause
TRUTH OR CONSEQUENCES, NEW MEXICO - AUGUST 16: Gas prices are displayed at a gas station near the drought-stricken Elephant Butte Reservoir, as monsoon rain falls in the distance, on August 16, 2022 near Truth or Consequences, New Mexico. New Mexico’s largest reservoir is currently at 3.8 percent of its total capacity in spite of recent monsoon rains in the state. Experts say that despite monsoon rains delivering temporary relief to parts of the Southwest, the climate change-fueled megadrought remains entrenched in the West. U.S. President Joe Biden signed the $737 billion Inflation Reduction Act today which focuses on climate change, lower health care costs and creating clean energy jobs. (Photo by Mario Tama/Getty Images)
energy and resources
Russia forecasts export gas price will more than double in 2022
(FILES) This file photograph taken on November 8, 2011, shows a view of the gas pipeline prior to an inaugural ceremony for the first of Nord Stream's twin 1,224 kilometre gas pipelines through the Baltic Sea, in Lubmin, northeastern Germany. - Gazprom's plan to cut gas deliveries to Europe shows EU countries must agree to reduce their use of Russian gas this winter, a Czech minister, whose country holds the EU presidency, said on July 26, 2022. (Photo by John MACDOUGALL / AFP) (Photo by JOHN MACDOUGALL/AFP via Getty Images)
energy and resources
OPEC not to blame for soaring inflation, secretary-general says
FILE - The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of their headquarters in Vienna, Austria, March 3, 2022. Haitham al-Ghais, a veteran of Kuwait’s national oil company, has taken over as secretary general of the OPEC oil cartel on Monday, Aug. 1, 2022. Al-Ghais was selected as the incoming secretary general back in January and it was known he would be assuming the post on Aug. 1. (AP Photo/Lisa Leutner, file)
european business
U.K. inflation jumps to 10.1% in July, highest since 1982, on soaring food, energy costs
FILE - A woman selects fruits at a supermarket in London, Wednesday, Nov. 17, 2021. The Office for National Statistics said Wednesday, Aug. 17, 2022, that consumer prices inflation hit double digits, a jump from 9.4% in June and higher than analysts’ central forecast of 9.8%. The increase was largely due to rising prices for food and staples including toilet paper and toothbrushes, it said. (AP Photo/Frank Augstein, File)
energy and resources
Oil edges off low as strong export demand drains U.S. crude stocks
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)
market news
The close: TSX’s winning streak ends as tech, material stocks slide
The TSX logo is seen in Toronto in this file photo.
economy
Inflation rate slows on falling gas prices, but rising rents, groceries put pressure on households
Canada’s inflation rate reached 8.1 per cent in June on a year-over-year basis as prices for most goods and services continued to rise. A commuter pumps gas into their vehicle at a Esso gas station in Toronto on Tuesday, June 15, 2021. THE CANADIAN PRESS/ Tijana Martin
european business
Costly energy imports push euro zone into trade deficit in June
A motorist holds a fuel pump at a Gulf petrol station in London. Consumer prices in the euro zone slowed in December because of weaker growth in the price of energy and unprocessed food.
energy and resources
Oil falls to 6-month low on economic data, awaits news of Iran nuclear deal
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
report on business
Canadian, German business groups call for stronger partnership on energy and minerals ahead of Scholz visit
Canadian Prime Minister Justin Trudeau is greeted by German Chancellor Olaf Scholz as he arrives at the Chancellery in Berlin, Germany, Wednesday, March 9, 2022. THE CANADIAN PRESS/Adrian Wyld
british columbia
Wet’suwet’en hereditary chiefs rally in Vancouver against B.C. natural gas pipeline
Wet’suwet’en Chief Madeek exits the Onondaga Longhouse as the Haudenosaunee Confederacy Chiefs hosted the Wet’suwet’en hereditary chiefs on their first stop of a Canadian tour at Six Nations of the Grand River in Ohsweken Ontario, Canada August 2, 2022. REUTERS/Carlos Osorio
british columbia
Spill from sunken U.S. fishing boat off Victoria raises concern for endangered orcas
The Saturday, Aug. 13, 2022, aerial photo released by the U.S. Coast Guard shows a diesel spill off the west coast of Washington state's San Juan Island after a 49-foot (15-meter) fishing vessel sank with an estimated 2,600 gallons (9,854 liters) of fuel on board. A Good Samaritan rescued all five crew members on the Aleutian Isle as the vessel was sinking near Sunset Point, the Coast Guard's 13th District Pacific Northwest district in Seattle and KIRO-TV reported. (U.S. Coast Guard via AP)
energy and resources
Iran tanker retrieves oil seized by U.S., set to leave Greece
FILE PHOTO: FILE PHOTO: The Liberian-flagged oil tanker Ice Energy transfers crude oil from the Iranian-flagged oil tanker Lana (former Pegas), off the shore of Karystos, on the Island of Evia, Greece, May 26, 2022. REUTERS/Costas Baltas/File Photo/File Photo
report on business
Canada’s manufacturing sales down 0.8 per cent in June
Statistics Canada says manufacturing sales fell 0.8 per cent to $71.8 billion in June as the petroleum and coal product sector helped lead the way lower. An oil drilling rig operates surrounded by canola and hay fields near Cremona, Alta., Monday, July 12, 2021.THE CANADIAN PRESS/Jeff McIntosh
energy and resources
Saudi Aramco profit soars on higher prices and refining margins
FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo
energy and resources
Oil settles lower on weak economic Chinese economic 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)
british columbia
Gitxsan hereditary chiefs declare protected area in part of upper Skeena watershed
Chief of the wolf clan Yvonne Lattie seen here March 1, 2012 in Old Hazelton, B.C.. (John Lehmann/The Globe and Mail) (for Gitxsan Nation story by Wendy Stueck)
canada
Canada considered jobs, inflation in decision to return Russian turbine
Minister for Foreign Affairs Melanie Joly responds to a question during a news conference at the NATO Summit in Madrid on June 29, 2022. The impact on Canadian jobs and global inflation were factored into Ottawa's decision to return a turbine being repaired in Montreal to a Russian energy giant, a position paper for Ministers produced in a court case shows. THE CANADIAN PRESS/Paul Chiasson
energy and resources
Pipeline break spills 45,000 gallons of diesel in Wyoming
Black oil barrels standing on a blue financial graph to demonstrate global financial trends in oil prices. Horizontal composition with copy space. Top view. Global oil price concept.
european business
Winter diesel shock looms in Europe as tanks dry up ahead of sanctions
FILE PHOTO: Increased petrol and diesel are seen on a display board at a filling station in Stafford, Staffordshire, Britain, June 8, 2022. REUTERS/Carl Recine/File Photo
energy and resources
Oil falls 2% on expectations that U.S. Gulf supply disruption will ease
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
Uniper could swap Australian LNG for Atlantic gas to supply Europe quicker
FILE PHOTO: General view of Uniper's Bierwang gas storage facility near the Bavarian town of Kraiburg am Inn, Germany, June 10, 2022. REUTERS/Andreas Gebert
energy and resources
Shell says oil output halted at three Gulf of Mexico platforms on pipeline outage
FILE PHOTO: General view of a Shell petrol station sign, in Milton Keynes, Britain, January 5, 2022. REUTERS/Andrew Boyers
world
Second firefighter dies as Cuba controls big oil facility fire
world
Egypt’s cabinet approves plan to ration electricity in bid to boost gas exports
FILE PHOTO: Customers shop amid the coronavirus disease (COVID-19) pandemic in front of Mothercare Store inside Maadi City Center, amid the coronavirus disease (COVID-19) pandemic, in the Cairo suburb of Maadi, Egypt October 5, 2020. REUTERS/Amr Abdallah Dalsh
analysis
Antitrust rules, Petro-Canada profits may hinder Suncor from selling unit
FILE PHOTO: Petrochemical storage tanks are seen at the Suncor Energy chemical plant near Edmonton, Alberta, Canada, October 7, 2021. REUTERS/Todd Korol/File Photo/File Photo
energy and resources
OPEC, in contrast to IEA, sees lower 2022 oil demand growth
FILE PHOTO: A 3D-printed oil pump jack is seen in front of the OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/File Photo
international business
Shell launches sale of North Sea Cambo oil prospect, sources say
FILE PHOTO: Shell logo and stock graph are seen in this illustration taken May 1, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
report on business
Trans Mountain names former TransAlta boss Dawn Farrell as CEO
President and CEO of TransAlta Dawn Farrell in her corporate headquarters in Calgary, Alberta, April 5, 2019. The Globe and Mail/Todd Korol
energy and resources
Switch from gas boosts oil demand, but economic headwinds loom: IEA
FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France March 28, 2019. REUTERS/Christian Hartmann/File Photo
energy and resources
Oil rises as IEA hikes 2022 demand growth forecast
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)
world
Firefighters subdue deadly blaze at key oil facility in Cuba
Smoke continues to billow from a days-long, deadly fire at a large oil storage facility in Matanzas, Cuba, Tuesday, Aug. 9, 2022. The fire was triggered by lighting at one of the facility's eight tanks late Friday, Aug. 5th. (Yamil Lage, Pool photo via AP)
european business
Rhine River water levels could reach critically low point in coming days, German officials warn
BONN, GERMANY - AUGUST 10: A cargo ship travels on the Rhine River on August 10, 2022 in Bonn, Germany. The ongoing hot weather and lack of rain have caused water levels on the Rhine and several other German rivers to fall, which is complicating shipping. Cargo ships are currently unable to travel with full loads, driving up shipping prices several fold. The Rhine is Germany's busiest river for cargo due to the many factories and industrial facilities in the region. (Photo by Andreas Rentz/Getty Images)