Category : Search result: crude oil markets


China Buys Australian Canola in Trade Thaw

In a major agricultural trade breakthrough, China has purchased approximately 120,000 metric tons of Australian canola, marking a significant warming of relations between the two trading partners after years of strained ties.

Nova Scotia Courts Calgary for Offshore Wind Development

Nova Scotia's Premier Tim Houston makes strategic Calgary visit to attract oil and gas expertise for massive offshore wind and green hydrogen development, positioning the province as Canada's next clean energy frontier.

Oil & Gas Reality: What Companies Are Actually Doing

While politicians debate energy policy, Canada's oil and gas industry is quietly transforming through massive investments in decarbonization and clean technology. Discover the real story behind the headlines.

AI Stock Rally Fades as Global Markets Slump

Global markets retreat as early AI-driven gains evaporate. Asian and European stocks decline while investors await key economic data and Federal Reserve signals.

TSX Slips as U.S. Markets Show Mixed Signals

Canadian stocks faced downward pressure in late morning trading while U.S. markets diverged. Discover which sectors dragged the TSX down and which U.S. indices managed gains amid ongoing economic uncertainty.

SM Energy and Civitas Merge in $12.8B Shale Deal

Two prominent U.S. shale producers, SM Energy and Civitas Resources, announce a landmark $12.8 billion all-stock merger, creating a dominant force in the American energy landscape and signaling a new wave of industry consolidation.

Imperial Oil sells Calgary HQ, cuts hundreds of jobs

Imperial Oil Ltd. has struck a deal to sell its massive Calgary headquarters as part of a global restructuring that will eliminate hundreds of positions in the city, marking a significant shift for one of Canada's energy giants.

Oil Steadies as U.S. Reimposes Venezuela Sanctions

Global oil prices found stability as the U.S. reinstated sanctions on Venezuela's oil industry, creating new uncertainty in energy markets while Middle East tensions continue to simmer.

Cenovus-Husky Merger Vote Delayed Another Week

The crucial shareholder vote on Cenovus Energy's massive acquisition of Husky Energy has been postponed for another week, creating uncertainty in Canada's oil and gas industry during turbulent times.

Shell Beats Estimates with $7.7B Q2 Profit

Royal Dutch Shell delivers powerhouse Q2 2023 results, crushing analyst forecasts with $7.7 billion profit as strategic shifts and LNG demand fuel financial triumph.

Meta's $10 Billion Bond Sale: Strategic Financing Move

Meta Platforms Inc. makes waves in corporate finance with a stunning $10 billion bond offering, signaling aggressive growth plans despite market volatility. Discover what this means for investors and the tech landscape.

Cenovus-MEG Energy Deal Delayed Over Regulatory Inquiry

A crucial shareholder meeting to approve Cenovus Energy's $3.8 billion acquisition of MEG Energy has been postponed amid regulatory scrutiny from Canadian authorities, creating uncertainty in Alberta's oil sands sector.

Shell Outperforms TotalEnergies in Q2 Earnings

Shell delivers stronger-than-expected quarterly profits while TotalEnergies falls short, as both energy giants navigate declining oil and gas prices in current market conditions.

Canadian Oil Sands Outshining U.S. Energy Peers

A new report reveals Canadian oil sands companies are gaining competitive advantages over U.S. shale producers, with lower decline rates and stronger financial performance attracting investor attention.

Burnaby Refinery Shifts to US Control in $9.1B Deal

A major Canadian energy facility is changing hands as Calgary-based Parkland Corporation sells a significant portion of its business, including the Burnaby refinery, to American multinational Sinclair in a transformative $9.1 billion deal that reshapes We

Parex Resources Proposes GeoPark Acquisition

Canadian energy company Parex Resources announces strategic proposal to acquire GeoPark while revealing substantial 11.8% ownership stake, signaling major consolidation in Latin American oil and gas markets.

TSX Drops 100 Points as U.S. Markets Show Strength

Canadian stocks face significant pressure as the S&P/TSX composite drops nearly 100 points while U.S. markets show surprising resilience. Discover what's driving the divergence and which sectors are feeling the heat.

Stock Picker's Strategy Delivers 245% Returns

Discover how Sterling's unconventional investment approach delivered staggering 245% returns while challenging traditional financial wisdom. Learn the secrets behind his market-beating strategy.

Canada Pension Plan's India Portfolio Soars to $21B

The Canada Pension Plan Investment Board's strategic investments in India are delivering massive returns, with the portfolio growing to $21 billion and outperforming expectations in one of the world's fastest-growing economies.

Russia's Oil Exports Hold Steady Despite Sanctions

Despite sweeping new Western sanctions, Russia's crude oil exports show remarkable stability. Fresh analysis of global tanker movements reveals Moscow continues to find buyers, with export volumes holding steady in early 2024.

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