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LATEST OIL HEADLINES
OIL & GAS STOCKS TO WATCH
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3:00Pembina shares sink after posting more than $1 billion loss
BNN Bloomberg's Andrew Bell has a look at Pembina’s latest earnings.
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6:50Oil slumps with wider markets, denting record start to 2021
Oil’s record start to 2021 was under pressure from a firming dollar and a selloff in bond markets that spooked investors in risky assets.
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6:50Alberta needs to diversify to get jobs back: Murray Mullen
Murray Mullen, president and CEO of Mullen Group, joins BNN Bloomberg's Special Coverage of the Alberta Budget. Mullen shares his thoughts on Alberta's current economic state and the Keystone XL Pipeline. Mullen says of the Alberta oil sector: "I don't think the oil industry will be as big a job creator as in the past. It will be incumbent on Alberta to lead the diversification of the economy."
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4:38Imperial Oil reports 1B-barrel drop in bitumen reserves at end of 2020
Imperial Oil Ltd. is cutting one billion barrels from its inventory of oil sands bitumen following a year marked by low oil prices and budget cutting amid the COVID-19 pandemic and a global price war between major oil producers.
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4:13Exxon casts out Canadian oil sands in massive reserves slump
Exxon Mobil Corp. erased almost every drop of oil-sands crude from its books in a sweeping revision of worldwide reserves to depths never before seen in the company’s modern history.
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4:32Why the world worries about Russia's Nord Stream pipeline
A natural gas pipeline being built under the Baltic Sea from Russia to the German coast is shaking up geopolitics. Nord Stream 2, as it’s called, fuels worries in the U.S. and other countries that the link could give the Kremlin new leverage over Germany and other NATO allies.
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6:37
Power producers extend losses in Canada as bond yields rise
Some of 2020’s top performing stocks in Canada have lost some luster as bond yields grind higher and recent power woes in Texas add to the drag.
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2:35Oil producers look to crude-by-rail
On the news of the halted production of the Keystone XL pipeline, crude-by-rail exports are bouncing back as many oil companies look for alternative transportation methods. Bloomberg News' Robert Tuttle has the details.
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6:37Gasoline crisis paralyzes one out of every seven Texas stations
One in every seven Texas gas stations is without fuel a week after the historic freeze crippled refineries and trucking, and the second-largest U.S. state may need to seek outside help.
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4:32Oil unlikely to head back to $100 any time soon
Bloomberg’s Mike McGlone breaks down why oil is not likely to hit $100 despite recent run higher.