Equinor is nearing a deal to buy the British North Sea assets of Canada’s Suncor Energy for around $1 billion.
The Canadian Association of Petroleum Producers expects upstream investments in the nation’s oil and gas industry to approach $40 billion this year, higher than pre-pandemic levels and an 11% increase over last year.
Canada’s Baytex Energy is buying rival U.S. firm Ranger Oil for about $2.5 billion.
Average U.S. mortgage rates reached 6.71% this week, a nearly three-month high.
Euro zone inflation eased slightly in February to a higher-than-expected 8.5% as lower energy costs offset stubbornly high inflation in other goods and services, fueling expectations of continued interest rate hikes by the European Central Bank.
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