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oil-market

Billionaire businessman Arthur Irving dead at 93

by Anas Siddiqui
Billionaire businessman Arthur Irving dead at 93

Arthur Irving, the hard-charging New Brunswick billionaire who ran Canada’s largest oil refinery, has died at the age of 93.  For decades, Arthur Irving ran Irving Oil, including its Saint …

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May startup of Trans Mountain pipeline expansion surprises analysts

by Anas Siddiqui
May startup of Trans Mountain pipeline expansion surprises analysts

Trans Mountain’s announcement that its expanded oil pipeline would start commercial operations on May 1 has surprised analysts with an earlier-than-expected commencement on the long-delayed $34 billion project. The federal government-owned company set …

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Oil and gas sector CEO compensation jumps double-digits amid surging profits

by Anas Siddiqui
May startup of Trans Mountain pipeline expansion surprises analysts

CEO pay in the oil and gas sector has soared with the industry’s post-pandemic resurgence and will likely increase even more with the completion of the Trans Mountain pipeline expansion …

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Who is attacking ships in the Red Sea and why?

by Walter Watson
Who is attacking ships in the Red Sea and why?

Attacks on commercial ships near the Middle Eastern country of Yemen have forced huge freight companies to change or pause their movements on one of the world’s busiest shipping routes. Who is launching these …

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