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oil prices

Oil prices projected to stay at low levels in 2024, report says 

by Anas Siddiqui
Oil prices projected to stay at low levels in 2024, report says 

A new report forecasting energy trends estimates global oil prices will be stuck at low levels for the next couple of years.  The analysis from Deloitte released Tuesday predicts an …

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Opinion | Looming Biden-Trump rematch heralds American Age of Anxiety in 2024

by Walter Watson
Opinion | Looming Biden-Trump rematch heralds American Age of Anxiety in 2024

If one event dominates the coming year, it will almost certainly be the US presidential election. Barring something unexpected, we are likely to see a rematch of Joe Biden vs …

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Outlook good for Canadian oil and gas sector, says industry report, but risks remain

by Anas Siddiqui
Outlook good for Canadian oil and gas sector, says industry report, but risks remain

Canada’s upstream oil and gas industry and drilling services sector has a “very favourable” outlook for 2024, according to Enserva’s State of the Industry report released on Thursday. Key highlights of the …

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Putin takes lightning tour of U.A.E., Saudi Arabia — 2 countries where he won’t be arrested

by Walter Watson
Putin takes lightning tour of U.A.E., Saudi Arabia — 2 countries where he won’t be arrested

Russian President Vladimir Putin visited the United Arab Emirates on Wednesday before departing for Saudi Arabia in a one-day lightning tour intended to raise Moscow’s profile as a Middle East power …

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Opinion: Asia’s market turmoil has the US’ fingerprints all over it

by Anas Siddiqui
Opinion: Asia’s market turmoil has the US’ fingerprints all over it

An adage on Wall Street is that to quell inflation, the US Federal Reserve must raise interest rates until something breaks. In Asia, the cracks have deepened significantly over the …

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Some MPs are calling on Ottawa to take a bigger bite out of fossil fuel companies’ profits

by Anas Siddiqui
Some MPs are calling on Ottawa to take a bigger bite out of fossil fuel companies’ profits

With their high greenhouse gas emissions and record profits, oil and gas companies are facing new pressure across party lines on Parliament Hill. That pressure includes accusations of price “gouging” and …

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Oil giant Chevron agrees to buy rival Hess for $53B

by Anas Siddiqui
Oil giant Chevron agrees to buy rival Hess for B

Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices …

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A shaky economy has forced Italy’s far-right prime minister to scale back her populist agenda

by Walter Watson
A shaky economy has forced Italy’s far-right prime minister to scale back her populist agenda

An exposé on Giorgia Meloni’s longtime partner caught on tape sexually harassing female colleagues was likely not the news Italy’s prime minister hoped would mark her one-year anniversary in power. But Meloni, who …

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CPI: Consumer prices rose by 3.2% annually in July, picking up for the first time in 13 months

by Sam Bailey
CPI: Consumer prices rose by 3.2% annually in July, picking up for the first time in 13 months

According to data released by the Bureau of Labor Statistics, the pace of consumer price hikes in Minneapolis has accelerated on an annual basis for the first time in over …

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