Ovintiv s Doug Suttles to retire after 8 years of dealmaking, end of Encana bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
How to build a portfolio that outperforms for a century
Jaime Carrasco s Top Picks: April 29, 2021
Stephen Takacsy s Top Picks: April 28, 2021
Varun Anand s Top Picks: April 27, 2021
Tech weighs on U.S. stocks ahead of megacap earnings
Jamie Murray s Top Picks: April 26, 2021
JPMorgan is preparing to offer a bitcoin fund to wealthy clients
Biden to set US$1M threshold for capital gains tax hike
Wall Street splits on dollarâs fate amid economic growth debate
Chinaâs biggest IPO this year looks to be in renewable power
What rotation? Some winning COVID stocks thrive amid reopening
Wall Streetâs trillion-dollar ESG club comes with huge tax perks
Oil climbs above US$65 as car-fuelled demand sparks recovery
Alex Longley and Jack Wittels, Bloomberg News OilCover , Bloomberg
Oil surpassed US$65 a barrel, the highest since mid-March, as signs of strengthening demand from the U.S. to China stoked optimism that key markets are turning a corner in their recovery from the pandemic.
U.S. benchmark crude futures rose 1.8 per cent on Thursday for a third straight daily gain. Major cities in the U.S. are coming out of lockdown, with New York City aiming to fully reopen July 1 and Chicago broadly easing restrictions across industries. In Europe, the U.K.âs road-fuel sales are nearing last yearâs summer levels. Consumption may also get a boost when China breaks for an extended holiday on Saturday, with mobility expected to climb to a record.
Oil surpassed $65 a barrel amid signs of strengthening demand from the USA and China.
(Bloomberg) Oil surpassed $65 a barrel, the highest since mid-March, as signs of strengthening demand from the U.S. to China stoked optimism that key markets are turning a corner in their recovery from the pandemic.
U.S. benchmark crude futures rose 1.8% on Thursday for a third straight daily gain. Major cities in the U.S. are coming out of lockdown, with New York City aiming to fully reopen July 1 and Chicago broadly easing restrictions across industries. In Europe, the U.K.’s road-fuel sales are nearing last year’s summer levels. Consumption may also get a boost when China breaks for an extended holiday on Saturday, with mobility expected to climb to a record.
Saudi Arabia s bet that the golden age of U.S. shale is over appears to be a safe one - for now, at least.
(Bloomberg) Saudi Arabia’s bet that the golden age of U.S. shale is over appears to be a safe one for now, at least.
A round-up of data on shale drillers shows they’re sticking to their pledge to cut costs, return money to shareholders and reduce debt. If they stay the course, it would validate the OPEC+ alliance’s high-stakes wager that it can curb output and drive crude prices higher without unleashing an onslaught of supply from U.S. rivals.