7 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

5 d. ago OPEC+ Tensions With Kazakhstan Boil Over Sending Oil Price Lower

OPEC+’s audacious bid to punish its oil-quota cheats prompted a renewed plunge in crude on Wednesday, as growing tensions with Kazakhstan stoked fears of an escalating price war.

Economics

5 d. ago Oil Prices May Fall Further on China Slowdown, IEA Chief Says

Oil prices may decline further this year as new production swells and demand remains capped by China’s faltering growth, the head of the International Energy Agency said.

Economics

5 d. ago S&P/TSX composite up almost 300 points, U.S. stock markets also post gains

TORONTO — Canada’s main stock index rose almost 300 points Tuesday on strength in energy, financials and base metals, while U.S. stock markets also climbed. Stocks rose to recover their losses from Monday in the absence of any major market-moving news, said Ryan Crowther, portfolio manager at ClearBridge Investments. “After the magnitude of yesterday’s sell-off, […]

Economics

6 d. ago S&P/TSX composite up more than 300 points, U.S. stock markets also post gains

Canada’s main stock index was up more than 300 points in late-morning trading, helped by gains in the energy and base metal sectors, while U.S. stock markets also climbed higher. The S&P/TSX composite index was up 323.93 points at 24,332.79. In New York, the Dow Jones industrial average was up 827.58 points at 38,997.99. The […]

Economics

6 d. ago Silver Lining Spied for Africa’s Gold Exporters, Oil Importers

Surging gold and the slide in oil prices are offering some African countries a rare boost, as the region copes with the fallout from President Donald Trump’s trade war and freeze on US aid.

Economics

7 d. ago Asian markets advance ahead of earnings reports by US tech giants

Asian shares were mostly higher Monday and U.S. futures fell as U.S. tech giants prepared to release their latest earnings after the recent spate of market turmoil brought on by President Donald Trump’s trade war. The futures for the S&P 500 and the Dow industrials were down 0.8%. Oil prices also fell. U.S. President Donald […]

Other

1 week ago Liberty Energy Sees US Oil Activity Holding Firm With Prices Above $60

Liberty Energy Inc., one of the biggest US fracking companies, expects most producers to stick with their production plans as long as crude prices can hang on near current levels.

Economics

1 week ago Royal Canadian Dragoons celebrated by Dutch city it liberated 80 years ago

The liberation of Leeuwarden is celebrated annually, and the Dragoons are still welcomed as heroes when they visit the city

Culture

1 week ago Iraq to Cut Oil Price in Federal Budget Amid Plummeting Market

Iraq, OPEC’s second-largest producer, plans to cut its oil-price assumption in the federal budget after the market plunged.

Economics

2 w. ago Trump’s Energy Secretary Says Average Oil Prices Will Be Lower

Energy prices are set to be lower under the current US administration than in the prior one, according to US Energy Secretary Chris Wright.

Politics

2 w. ago Trump’s Energy Secretary Says Fear Over Oil Prices Misplaced

US Energy Secretary Chris Wright said the selloff in the oil market is overblown, and he expects American crude produces to keep increasing production.

Politics

2 w. ago Kazakhstan Holds Interest Rates as Crude Slump Buffets Tenge

Kazakhstan kept borrowing costs at the highest level in about 18 months after a slump in oil prices put more pressure on the tenge amid an acceleration in inflation.

Other

2 w. ago Energy demand erodes in face of global economic slowdown as trade war intensifies

WASHINGTON (AP) — Oil prices slumped to a four-year low Wednesday in anticipation of slowing economic growth and reduced energy demand, both casualties of a trade war that began after President Donald Trump ordered widespread tariffs against the imports of U.S. trading partners. U.S. benchmark crude fell 4.3% to $56.98 per barrel in midday trading […]

Economics

2 w. ago Texas Wildcatters Grow Impatient With Trump as Oil Prices Tank

The angry mutterings at the Permian Basin Petroleum Association’s “Spring Swing” golf tournament this week weren’t all about missed putts or lost balls. The Texas oilmen on the fairways had a more serious concern: The president they helped elect was tanking oil prices.

Economics

2 w. ago Oil Extends Brutal Selloff as Fresh Tariff Wave Imperils Demand

Oil extended a brutal selloff that’s driven prices to a four-year low as an intensifying trade war threatens to batter energy demand.

Economics

2 w. ago Oil Extends Steep Selloff as Fresh Tariff Wave Imperils Demand

Oil extended a steep selloff that’s driven prices to four-year lows as an intensifying trade war threatens to batter energy demand, with investors waiting for a fresh wave of levies to go into effect.

Economics

2 w. ago Varcoe: No need for Alberta to panic, Smith says, as oil prices tumble amid economic havoc in U.S.

For Albertans, the volatility could have major financial implications

Economics

3 w. ago Panic Monday: Wall Street follows global markets sharply lower as Trump doubles down on tariffs

Wall Street is pointing toward major losses Monday, following enormous declines last week, as fears mount that U.S. tariffs announced by President Donald Trump will slow global economic growth. European and Asian shares are tumbling sharply, while the leading U.S. index briefly flirted with bear market territory before the opening bell. Oil prices sank again, […]

Economics

3 w. ago World stock markets nosedive again amid Trump’s tariff ‘medicine’

European and Asian shares saw dramatic losses, the leading U.S. index flirted with bear market territory in pre-market trading, and oil prices sagged.

Economics