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Oil prices under pressure following large gasoline build (SPY -0.1%). Biggest midday movers: Carnival, Dell, AMC Entertainment.
Here is the current market situation from CNN Money
North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.21%, while the IPC led the S&P 500 lower. They fell 1.14% and 0.06% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Optimism Returns To Canada s Oil Industry Optimism is returning to the Canadian oil industry as demand rebounds and production follows, Bloomberg has reported, citing the chief of the Canadian Association of Petroleum Producers. There s no denying that we ve been beaten, battered and wounded and industry was faced with some of the biggest challenges last year we ve ever seen, Tim McMillan said at the Scotiabank CAPP Energy Symposium. Our industry still has its best days ahead of it. In fact, over the past year, our industry has rallied and w
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CALGARY – As oil prices rise, more Canadian oil and gas companies are striking deals to buy and sell their competitors and the frothy market has begun luring in foreign private equity players into the domestic oil patch.
Cenovus Energy Inc. president and CEO Alex Pourbaix said Tuesday that his company may look to resume asset sales that were paused in bear markets in previous years.
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He said Cenovus asked Husky’s management team to pause its planned sale of Husky’s retail fuel business last year during a period of low oil prices when the two companies were negotiating their $24-billion merger.
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At times, you have to wonder if U.S. policymakers truly understand the importance of the energy relationship with their northern neighbours not just for Canada, but for both countries.
U.S. President Joe Biden cancelled the Keystone XL project on his first day in office, citing climate concerns. Michigan’s governor wants to halt Enbridge’s Line 5, even as the state relies on the products that move through the pipeline.
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Winnipeg Free Press By: Dan Healing, The Canadian Press Posted:
Last Modified: 1:22 PM CDT Wednesday, Apr. 7, 2021
CALGARY - The CEOs of Canada s two biggest pipeline companies say they are focused on lowering their operating greenhouse gas emissions while avoiding big oil pipeline projects in the wake of ongoing opposition throughout North America.
Enbridge Inc. CEO Al Monaco prepares to address the company s annual meeting in Calgary, Wednesday, May 8, 2019.THE CANADIAN PRESS/Jeff McIntosh
CALGARY - The CEOs of Canada s two biggest pipeline companies say they are focused on lowering their operating greenhouse gas emissions while avoiding big oil pipeline projects in the wake of ongoing opposition throughout North America.