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energy and resources
Libyan crude exports rose sharply last week, shipping data show
FILE PHOTO: Crude oil storage tanks are seen at Azzawiya oil refinery, in Zawiyah, west of Tripoli, Libya July 23, 2020. REUTERS/Ismail Zitouny/File Photo
globe investor
UBS cuts oil price view for 2024 on weak demand outlook
A view shows the ExxonMobil oil refinery in Port-Jerome-sur-Seine, France, March 8, 2023.
energy and resources
IEA cuts 2024 oil demand growth forecast on China slowdown
FILE PHOTO: A pumpjack is seen at the Sinopec-operated Shengli oil field in Dongying, Shandong province, China January 12, 2017. REUTERS/Chen Aizhu
energy and resources
OPEC again lowers its 2024, 2025 global oil demand growth forecast
FILE PHOTO: The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina/File Photo
energy and resources
Weak oil demand looms over Singapore industry gathering
Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. Picture taken December 7, 2018. REUTERS/Stringer/file photo
energy and resources
Oil prices fall on U.S. jobs data, set for big weekly drop
A flare burns off methane and other hydrocarbons as oil pumpjacks operate in the Permian Basin in Midland, Texas, Tuesday, Oct. 12, 2021. The federal Liberals will finally provide details on their long-promised oil and gas emissions cap today.THE CANADIAN PRESS/AP, David Goldman
energy and resources
OPEC+ agrees to delay October oil output hike for two months
FILE - The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria, on March 3, 2022. Leading oil-producing countries led by Saudi Arabia and Russia are wrestling with whether to make another cut in crude supplies to the global economy as the OPEC+ alliance struggles to prop up sagging oil prices that have been a boon to U.S. drivers and helped ease inflation worldwide. The group is meeting Sunday, June 4, 2023 at OPEC headquarters in Vienna after sending mixed signals about possible moves. (AP Photo/Lisa Leutner, File)
energy and resources
Oil prices hold at 14-month low as demand worries offset big US storage withdrawal
FILE - Pumpjacks operating at the Kern River Oil Field are seen in Bakersfield, Calif., on Jan. 16, 2015. The state of California has filed a lawsuit against some of the world's largest oil and gas companies, claiming they deceived the public about the risks of fossil fuels blamed for climate change-related storms and wildfires that caused billions of dollars in damage. (AP Photo/Jae C. Hong, File)
energy and resources
OPEC+ discussing delay to planned oil output hike in October, sources say
FILE PHOTO: The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina//File Photo
inside the market
What every Canadian investor needs to know today
8584BO-USA-STOCKS_WRAP_O_
energy and resources
Oil slumps about 5 per cent as end to Libyan dispute in sight
FILE - A flare burns off methane and other hydrocarbons as oil pumpjacks operate in the Permian Basin in Midland, Texas, Oct. 12, 2021. A large 5.1 magnitude earthquake hit West Texas on Friday, July 26, 2024. The U.S. Geological Survey said it’s highly likely the quake was caused by oil and gas activity. (AP Photo/David Goldman, File)
energy and resources
OPEC+ likely to proceed with planned output hike from October, sources say
FILE - The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria, on March 3, 2022. Angola says it’s leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year. According to state news agency Angop, the African nation’s oil minister said Thursday that Angola “does not gain anything by remaining in the organization.” (AP Photo/Lisa Leutner, File)
world
Iraq assures OPEC of full conformity with oil production guidelines, OPEC says
FILE PHOTO: OPEC logo is seen in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
energy and resources
Oil pauses gains after surging on Libyan outages, Middle East tensions
Pumpjacks draw out oil and gas from a well heads as near Calgary, Alta., on Sunday, May 12, 2024. Provinces must stop natural gas expansion and invest in electrification to keep home heating reliable and cost-effective, says a new report by a leading Canadian climate policy think tank, or otherwise risk leaving ratepayers and governments on the hook for billions of dollars in underused and overbuilt gas infrastructure. THE CANADIAN PRESS/Jeff McIntosh
energy and resources
OPEC gets updated plans from Iraq, Kazakhstan on overproduction compensation
FILE PHOTO: A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside its headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeger/File Photo
energy and resources
Oil tumbles on easing fears of wider Middle East war
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)
energy and resources
OPEC cuts 2024 oil demand growth forecast, citing softer expectations for China
FILE PHOTO: The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudinao/File Photo
energy and resources
Oil prices slide one per cent to seven-week low as China concerns weigh
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)
opinion
How the OPEC oil crisis caused mass migration
Randall Hansen
energy and resources
OPEC+ unlikely to change oil output policy at Aug. 1 ministerial meeting, sources say
FILE - The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria, on March 3, 2022. Angola says it’s leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year. According to state news agency Angop, the African nation’s oil minister said Thursday that Angola “does not gain anything by remaining in the organization.” (AP Photo/Lisa Leutner, File)