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LATEST OIL HEADLINES
OIL & GAS STOCKS TO WATCH
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3:26Big Oil is paying out years of dividends in one day
Some oil and gas companies are flush with so much cash that they are paying out a full year’s worth of dividends in a single day -- and sometimes more than that.
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7:43Downstream profits for Suncor were gangbuster: BMO's Randy Ollenberger
Randy Ollenberger, managing director and Oil and Gas Equity Research at BMO Capital Markets, joins BNN Bloomberg for his outlook on Suncor Energy's Q2 profits soaring by a fourfold amid surging oil prices.
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5:59Oil posts biggest weekly loss since April on demand concerns
Oil posted the biggest weekly decline since early April on growing signs that a global economic slowdown is curbing demand. Prices are near the lowest level in six months.
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3:49Suncor's Q2 net profit increases more than fourfold
Suncor says it earned $3.99 billion in the second quarter of 2022, or $2.84 per common share, more than four and a half times the $868 million it earned in the same period of 2021.
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6:34Oil falls below US$90 for first time since war as demand slows
Oil extended declines to the lowest in almost six months as weaker U.S. gasoline demand and recessionary fears weighed on markets.
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3:35Oil higher as OPEC+ agrees to miniscule hike
OPEC+ snubbed months of diplomatic efforts from US President Joe Biden with one of the smallest oil production increases in its history. Bloomberg News' Julian Lee reports.
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5:39OPEC+ answers Biden's diplomacy with 'minuscule' output hike
OPEC+ responded to months of diplomatic efforts from U.S. President Joe Biden with one of the smallest oil production increases in its history.
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5:33Oil trading giant Vitol posts record profit of US$4.2B
Vitol Group, the world’s largest independent oil trading company, posted a record profit of US$4.2 billion last year as it benefited from soaring energy prices.
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7:00Oil edges higher with OPEC+ output meeting looming over market
Oil rose after swinging in a choppy session as traders counted down to an OPEC+ crude production meeting.
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3:29Imperial Oil sees cash flows triple in Q2
Imperial Oil Ltd. recorded a meteoric rise in profit in its latest quarter amid soaring energy prices and higher production. BNN Bloomberg's Tara Weber reports.