Bullboard - Stock Discussion Forum Cenovus Energy Inc T.CVE.WT

Primary Symbol: T.CVE Alternate Symbol(s): CNVEF | CVE | T.CVE.PR.A | T.CVE.PR.B | T.CVE.PR.C | T.CVE.PR.E | T.CVE.PR.G | CVE.WS

Energy Oil & Gas Integrated

Cenovus Energy Inc. is a Canada-based integrated energy company. The Company has oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The Company's segments include Upstream, Downstream, and Corporate and Eliminations. Its Upstream segment includes Oil Sands, Conventional, and Offshore.... see more

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Cenovus Energy Inc > China and Oil waking up

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Post by andy604 on Apr 10, 2023 11:55pm

China and Oil waking up

Investing.com-- Oil prices rose on Tuesday as signs of a growing rebound in Chinese travel demand pushed up hopes of increased crude consumption this year, although anticipation of more cues on the U.S. economy this week kept broader gains limited.

Reuters reported that Chinese airlines were undertaking massive hiring drives to position for an expected rebound in travel demand this year, after the country relaxed most anti-COVID restrictions. A recovery in Chinese travel demand is expected to be one of the biggest drivers of crude consumption this year.

But data showed on Tuesday that Chinese inflation read weaker than expected in March, indicating that an economic recovery was still struggling to gain steam after the lifting of anti-COVID measures.

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