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LATEST OIL HEADLINES
OIL & GAS STOCKS TO WATCH
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8:08Oil steadies as traders weigh Fed rate outlook and China demand
Oil steadied above a three-week low, as traders digested the Federal Reserve's latest meeting for the outlook on interest rates and weighed the potential for better demand in China.
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5:27TSX recap: Index finishes lower amid losses in energy stocks
Broad-based strength Wednesday helped buoy Canada's main stock index against losses in the energy sector, while U.S. markets rose, particularly the Nasdaq which gained two per cent.
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2:04TC Energy pipe to LNG site sees costs soar to $14.5B
The price tag for TC Energy Corp.’s Coastal GasLink project has jumped to $14.5 billion (US$10.9 billion) — more than double the original estimate — as labor woes plague a pipeline that will supply Canada’s first major liquefied natural gas export plant.
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8:09Oil slips as growing stockpiles cushion threat from Russia ban
Oil edged lower as U.S. stockpiles increased, signaling that supplies may be sufficient to weather the EU’s latest ban on Russian products, while the Federal Reserve’s interest rate decision loomed over broader markets.
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8:09Oil rises in bid to turn corner after moving sideways for months
Oil rose and showed signs of shedding its monthslong malaise as factors ranging from the end of the Federal Reserve’s rate increases to swelling demand in China give bulls more ammunition.
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6:46TSX today: Index down amid tech sector losses
The S&P/TSX Composite Index was down 27.46 points, or 19.53 per cent, at 20,687.02, during late-morning trading.
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10:17Alberta landowners fear repeat of orphan well crisis as renewable energy booms
While many in rural Alberta welcome the economic activity, and farmers and ranchers enjoy the extra income that playing host to solar panels or wind turbines can bring, others are sounding the alarm.
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7:16Oil sinks most since start of year as technicals spark selling
Oil fell to its lowest in almost three weeks, with technical indicators driving the market’s direction amid a lack of clarity on crude demand.
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3:46Looking at Recession-Resistant Assets, Frank Funds CIO Says
Brian Frank, chief investment officer of Frank Funds, discusses the prospects for the US economy, Federal Reserve policy, the implications for financial markets and the opportunities he sees. He speaks with Haidi Stroud-Watts and on "Bloomberg Daybreak: Asia." Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en
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7:16Oil flips to loss as key technical level tests bulls' resolve
Bulls approached and quickly withdrew from oil’s 100-day moving average, driving crude to its first weekly loss since the start of the year.