8 h. ago Cnooc Profit Drops as Lower Oil Prices Outweigh Increased Output

Cnooc Ltd., China’s biggest offshore driller of crude oil, saw profits fall in the first quarter after a drop in global prices.

Economics

29 h. ago Drillers in Canada Shift to Gas as Trade War Hammers Oil Prices

Drillers in Canada’s energy heartland of Alberta are shifting their focus to natural gas as the global trade war and an OPEC+ plan to increase output hammer crude prices.

Economics

3 w. ago Steep drop in global crude prices drag down Canadian energy stocks

CALGARY — Fears of a tariff-driven recession have led to a steep drop in the price of crude oil, walloping Canadian energy stocks and stoking worry about the sector’s outlook should the weakness persist. West Texas Intermediate crude, the key U.S. benchmark, dropped as low as US$60.45 per barrel on Friday, recovering some ground by […]

Economics

3 w. ago Sharp drop in global crude oil prices drags down Canadian energy stocks

West Texas Intermediate crude, the key U.S. benchmark, dropped as low as US$60.45 per barrel today.

Economics

3 w. ago Canadian energy stocks dragged down by steep drop in global crude oil prices

If crude price drop ends up being sustained, oilpatch may throttle back spending plans, expert says

Economics

3 w. ago Oil Extends Sharp Drop After Surprise OPEC+ Hike, Trump Tariffs

Oil fell further after President Donald Trump’s tariffs and an OPEC+ decision to increase output faster than previously announced triggered the worst rout since 2022.

Economics

3 w. ago Oil Drops as Trump’s Trade War Stokes Concern About Crude Demand

Oil retreated after US President Donald Trump ratcheted up his trade war with sweeping tariffs on major trading partners, raising concerns that economic turmoil will hurt crude demand.

Economics