Articles by Rebecca Torres
Suncor Energy Drops as Crude Retreats Below $100, TSX Hits Record
Suncor Energy fell 3.1% to C$90.12 as oil prices tumbled on possible U.S.-Iran talks, even as Canada's main index hit a record high.
Whitecap Resources Dips on Oil Price Plunge Despite Buyback Initiation
Whitecap Resources stock dropped 3.45% on Monday as oil prices fell sharply, with the TSX energy sector down 2.1%. The company's new buyback plan started amid the selloff.
First Quantum Soars on Panama Stockpile Approval, Copper Rally
First Quantum Minerals rose 7.77% as Panama authorized processing and export of Cobre Panama copper stockpiles, with copper prices climbing 0.9%.
CNQ Slips 3% as TSX Hits Record; Oil Tumbles on Iran Talks
Canadian Natural Resources shares fell 3.16% on Monday, underperforming the TSX's record run, as oil prices tumbled 5% amid U.S.-Iran negotiations. The stock closed at C$65.12.
Baytex Energy Drops as Crude Oil Tumbles on Iran Deal Speculation
Baytex Energy shares fell 3.7% on Monday, tracking a 2.1% drop in the energy sector as crude oil prices slumped 5% on speculation of a U.S.-Iran deal reopening the Strait of Hormuz.
Gold Holds Near $4,500 as Fed Rate Bets and Oil Risks Weigh
Gold closed near $4,500 an ounce, logging a second weekly loss as renewed Fed rate-hike expectations and oil-related inflation concerns offset safe-haven demand.
Brent Crude Surges Past $105 on Hormuz Supply Concerns
Brent crude rose 3.2% to $105.88 on Friday as traders doubted a swift U.S.-Iran deal would restore oil flows through the Strait of Hormuz. The IEA warned of a potential supply red zone by August.
Exxon and Chevron Warn of Unpriced Hormuz Disruption Risks as Oil Reserves Drain
Exxon and Chevron warn oil markets haven't fully absorbed the Strait of Hormuz disruption. U.S. emergency reserves hit a record low, while Brent crude settled at $111.28.
US LNG Dominance Raises New European Energy Security Alarms
Europe is set to source two-thirds of its LNG from the US in 2026, prompting concerns over swapping one supplier dependency for another, IEEFA data shows.
