Author: Consultant

Imperial Oil Ltd. is raising its quarterly dividend as it reported it earned $1.25 billion in its first quarter, up from $1.17 billion in the same quarter a year earlier.The […]

Published: 4/28/2023 3:17 PM ETCrude oil prices rose sharply on Friday as traders weighed crude supply and near-term energy demand prospects.Data from the Energy Information Administration showed crude production in the […]

Published: 4/28/2023 5:59 PM ETThe Canadian market ended on a firm note on Friday, extending gains from the previous session, thanks largely to strong buying in the energy sector as oil […]

California regulators on Friday voted to ban the sale of new diesel big rigs by 2036 and require all trucks to be zero-emissions by 2042, a decision that puts the […]

Exxon Mobil Corp on Friday reported a record first-quarter profit that was more than double a year ago and topped Wall Street estimates as rising oil and gas output overcame a […]

WASHINGTON – U.S. consumer spending was unchanged in March, while underlying inflation pressures remained strong, which could see the Federal Reserve raising interest rates again next month.The unchanged reading in […]

Calgary-based Suncor Energy will acquire French TotalEnergies’ Canadian operations in a US$4.1-billion deal. Suncor says the deal will boost its per day production capacity by 135,000 barrels. The sale is […]

OPEC Secretary General Haitham al-Ghais said finger-pointing and misrepresenting the actions of OPEC and OPEC+ was “counterproductive.” He added that the influential group of 23 oil-exporting exporting nations was not […]

Canadian inflation excluding food and energy costs is expected to remain above 3 per cent until the fourth quarter of this year, the median forecast of seven economists recently surveyed […]