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LATEST OIL HEADLINES
OIL & GAS STOCKS TO WATCH
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6:48
Oil company earnings underwhelm despite crude price flirting with US$85 a barrel
Oil prices rose this week as tightening supply conditions and ongoing tensions in the Middle East contributed to push prices higher.
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7:43
We are no longer in a world where US$150/bbl for oil is on the table: portfolio manager
Dan Rohinton, portfolio manager of iA Global Asset Management joins BNN Bloomberg to discuss the top markets movers of the day including oil and gold. He says there is a risk premium being built into gold, helping to drive up its price.
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6:42
Oil's yield potential may be what's attracting investors: analyst
Randy Ollenberger, managing director of Oil & Gas Equity Research at BMO Capital Markets, joins BNN Bloomberg to discuss crude oil's rally in 2024 and how it impacts Canadian energy producers.
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5:35
Oil tops US$87 but rally will run into 'wall of supply' soon, CIBC energy trader says
Oil prices saw further gains this week as tensions in the Middle East escalated, propelling WTI crude to around US$87 a barrel, while the global benchmark, Brent, approached US$91, nearing its highest level since October.
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7:45
OPEC cuts are creating a sizeable oil supply deficit, which looks to continue: researcher
Claudio Galimberti, head of global oil macro research at Rystad Energy, joins BNN Bloomberg and says we could see flare ups in the oil price this year as demand continues to outpace active supply.
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7:48
WTI is on a slow grind to US$85: energy strategist
Seasonality and low inventories are really helping oil break out past US$80, says Rebecca Babin, senior energy trader at CIBC Private Wealth.
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6:48
Saudi price hikes, outsized product draws propel WTI into US$80 territory: TD
A combination of Saudi price hikes, outsized petroleum product draws, and healthy risk appetite have worked in tandem to move WTI crude into US$80/bbl territory, says Bart Melek, global head of commodity strategy at TD Securities.
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8:42
Canada has many world class stocks trading at significant discounts: portfolio manager
Kim Shannon, founder and co-CIO of Sionna Investment Managers, joins BNN Bloomberg shares why she's a strong proponent of investing in Canada.
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8:05
We see demand for gas-powered electricity just continuing to grow: Tourmaline Oil CEO
Michael Rose, president and CEO of Tourmaline Oil, joins BNN Bloomberg and discusses his company's latest earnings beat and their capital expenditure plans for the next year.
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4:55
Once oil goes above its 100-day moving average, it’s time to start getting long: strategist
Robert Yawger, energy futures strategist at Mizuho Americas, joins BNN Bloomberg to discuss oil market trends. He says the Saudis are walking a fine line in raising prices for buyers in Asia as they are not competing with discounted barrels from Russia or Iran, but also don’t want to raise prices so high that they risk losing market share to sellers like the US, Brazil or Guyana.