Michael Bellusci

Business

Energy Stocks Slump Again on China Virus Fears

Pedestrians wearing masks walk in Shanghai, China, on Jan. 23. Pedestrians wearing masks walk in Shanghai, China, on Jan. 23. (Qilai Shen/Bloomberg News)

Energy stocks have quickly reverted to being among 2020’s worst performers as fears increase that China’s deadly coronavirus will hit oil demand.

Michael Bellusci | Bloomberg News
January 27, 2020
Government, Business, Fuel

Energy Stocks in Canada ‘Decoupling’ From Oil Seen as Worst Ever

Suncor Millennium upgrader plant at the Athabasca Oil Sands near Fort McMurray, Alberta, Canada The Suncor Millennium upgrader at the Athabasca Oil Sands near Fort McMurray, Alberta, Canada, on Sept. 10, 2018. (Ben Nelms/Bloomberg News)

The days when energy stocks and the price of oil moved in lockstep are now few and far between. In Canada, it’s the worst divergence on record.

Michael Bellusci | Bloomberg News
August 14, 2019