LATEST OIL HEADLINES
OIL & GAS STOCKS TO WATCH
Canada's oil industry seeks support from re-elected Trudeau
Canada’s largest oil and natural gas lobbying group is calling for support from re-elected Prime Minister Justin Trudeau following an election campaign that featured vows to cut the industry’s emissions.
Supply is very tight, see 75-80 dollar WTI by year-end
Growing fears of a default by China’s Evergrande Group is fueling a sell-off in commodities. Phillip Streible, chief market strategist at Blue Line Futures joins BNN Bloomberg for his outlook on it all, and why he sees more upside in oil.
Crude sinks with broader market on China crackdown fears
Oil declined amid growing concerns over the health of China’s economy that have triggered massive losses in equities.
Oil drops on signs of rising Russian exports and dollar gains
Oil declined amid Russia’s plans to boost upcoming overseas oil sales and as the dollar rallied.
Oil erases losses as investors weigh crude options expiry
Oil ended the session unchanged after choppy trading with traders focused on adjusting positions in U.S. crude options ahead of expiration.
Crescent Point Energy raising dividend to three cents per share
Crescent Point Energy Corp. is raising its quarterly dividend after what it says has been significant progress in improving its balance sheet strength and sustainability.
Oil caps third weekly gain with Ida’s supply impact in view
Oil gained a third week as investors focused on the ongoing production shut-ins in the U.S. Gulf of Mexico as more refineries have resumed operations nearly two weeks after Hurricane Ida tore through the region.
China Taps Crude Reserves to Combat High Prices
Sep.09 -- China made its most dramatic intervention in the oil market ever. The government publicly confirmed it released crude from its strategic reserve for the first time with the explicit aim of lowering prices. Stephen Engle reports on "Bloomberg Daybreak: Asia."
Revival of Terra Nova Project is a breath of fresh air: Former premier of Newfoundland and Labrador
Dwight Ball, former premier of Newfoundland and Labrador, joins BNN Bloomberg to discuss Suncor Energy's plans to revive the Terra Nova Project. He expresses his excitement for oil development in Canada's East Coast.
Nigerian Oil Giant Makes First Profit in 44 Years
Sep.06 -- Mele Kyari, Managing Director of Nigerian National Petroleum Corporation discusses the NNPC's first profit in its 44-year existence, its investment in Dangote, and Nigeria's drop in oil production. He spoke with Bloomberg TV anchor Manus Cranny.