Kevin Orland

A $520 Billion Retirement System Comes Under Fire in Western Canada In the span of eight months, the pension manager for Canada’s wealthiest province fired its entire board, shuttered new offices in Singapore and New York and cut more than two dozen jobs.

NEW look at the campaign for pension revolution in Canada's wealthiest province, with exclusive quotes from Premier Danielle Smith

Alberta's govt purged leadership at its $130B pension manager, is suggesting it should leave the $520B Canada Pension Plan, and is super-charging its $22B Heritage Fund

I'm a big fan of my adopted home. Happy Canada Day. 🇨🇦

California Democrats Push Reforms to Prevent Refinery Shutdowns A group of California Democrats is looking to ease the state’s gasoline standards and streamline permitting for refineries in a bid to prevent more fuelmakers from shutting down and raising costs for ...

A group of California Democrats is looking to ease the state’s gasoline standards and streamline permitting for refineries in a bid to prevent more fuelmakers from shutting down and raising costs for the state’s drivers

www.bloomberg.com/news/article...

Alberta Premier Warns Carney He Must Act to Quell Separatist Threat Alberta Premier Danielle Smith played down concerns that the secession movement in her province will scare away investors, saying it’s up to the government of Mark Carney to prove Canada can be a more...

Alberta Premier Danielle Smith played down concerns that the secession movement in her province will scare away investors, saying it’s up to the government of Mark Carney to prove Canada can be a more attractive place for capital

www.bloomberg.com/news/article...

Alberta Premier Expects New Oil Pipeline Proposal Within Weeks Alberta Premier Danielle Smith expects a private-sector firm to propose a new oil pipeline to the British Columbia coast within weeks in a bid to become one of the first entrants on the Canadian gover...

Exclusive:

Alberta Premier Danielle Smith expects a private-sector firm to propose a new oil pipeline to the British Columbia coast within weeks in a bid to become one of the first entrants on the Canadian government’s list of nationally important projects

www.bloomberg.com/news/article...

Oil Turns Lower With Iran-Israel Attacks Sparing Flows So Far Oil fell on signs that the conflict in the Middle East may avoid disrupting crude production, with Iran seeking to deescalate hostilities with Israel.

Oil fell on signs that the conflict in the Middle East may avoid disrupting crude production, with Iran seeking to deescalate hostilities with Israel.

www.bloomberg.com/news/article...

Oil Market Long Numb to War Risk Confronts Weekend of Worry The past two years of escalating tensions in the Middle East have taught oil traders to be sanguine about the risk of disruption to oil supplies.

www.bloomberg.com/news/article...

Chevron to Name Van Dyke Commodities Lead in Trading Revamp Chevron Corp. is promoting some of its traders and offered voluntary severance to others as part of a restructuring of its trading division aimed at cutting costs and boosting performance.

Chevron is promoting some of its traders and offered voluntary severance to others as part of a restructuring of its trading division aimed at cutting costs and boosting performance

www.bloomberg.com/news/article...

Trump’s Energy Dominance Push Helped by Gulf Oil Output Revival US oil production will likely decline next year, but the scale of the dropoff will be substantially reduced by an old source of new supplies: the Gulf of Mexico.

US oil production will likely decline next year, but the scale of the dropoff will be substantially reduced by an old source of new supplies: the Gulf of Mexico.

www.bloomberg.com/news/article...

Key US Oil Gauges Strengthen as Canada Fires Imperil Vital Flows Key gauges of US oil market strength are soaring as wildfires in Canada risk flows to critical American storage hubs, limiting the impact of OPEC+ supply increases.

Key gauges of US oil market strength are soaring as wildfires in Canada risk flows to critical American storage hubs, limiting the impact of OPEC+ supply increases

www.bloomberg.com/news/article...

Bloomberg - Business News, Stock Markets, Finance, Breaking & World News Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News

Wildfires are threatening about 5% of Canada’s crude output as a blaze in Alberta’s oil sands region spreads and approaches major production sites

bloomberg.com/news/article...

Housing Crisis, Packed Hospitals and Drug Overdoses: What Happened to Canada? From Toronto to Vancouver, some residents are losing faith in a government social safety net that is central to the country’s identity.

Proud that this big story on Canada's fraying social safety net won gold in multimedia at the SABEW Canada Best in Business Awards.

A true team effort with writing, data & video from @daniellebochove.bsky.social, @mathieudion.bsky.social, @kevinorland.bsky.social, @mariepastora.bsky.social and more

Oil Steadies as Traders Weigh Supply Outlook, Russia Sanctions Oil climbed as the market assessed the risk of additional US sanctions on Russia and the chance that nuclear talks with Iran will fail to produce an agreement.

Oil climbed on the risk of more US sanctions on Russia and the chance that nuclear talks with Iran will fail

www.bloomberg.com/news/article...

Oil Steadies as Traders Focus on EU Trade Talks, OPEC+ Meeting Oil slipped as the looming prospect of another major OPEC+ production increase overshadowed easing trade tensions between the European Union and the US.

Crude isn't getting much help from the potential thaw in EU-US trade relations. It's down more than 1% with the big OPEC+ decision looming in the background and likely some technical trading by CTAs

www.bloomberg.com/news/article...

Oil’s Plunge, Trade Wars Drive Drilling Land Sales Down in Western Canada A boom in sales of drilling rights in western Canada’s oil heartland of Alberta is fading as US President Donald Trump’s trade war and OPEC+ production increases hammer crude prices.

The price of drilling lands in Alberta was booming last year after a new pipeline gave producers room to expand.

This year, the plunge in oil prices has all but snuffed out that rally.

www.bloomberg.com/news/article...

I love summer in Calgary. It's my favorite six weeks of the year.

Oil Extends Drop as US Stockpile Build Amplifies Glut Concerns Oil declined for a third day as US stockpiles gained and OPEC+ members discussed another super-sized production increase for July, just as demand faces headwinds from the US-led trade war.

Oil declined for a third day as OPEC+ members discuss another super-sized production increase for July, just as demand faces headwinds from the US-led trade war

www.bloomberg.com/news/article...

Oil Climbs on Report That Israel Is Preparing to Strike Iran Oil swung as traders evaluated a CNN report that Israel is preparing to potentially strike Iranian nuclear facilities as well as data that showed an increase in US crude stockpiles.

Oil climbed early in the session after a CNN report that Israel is preparing to strike Iran, but futures have since faded after US government data showed rising crude stockpiles

www.bloomberg.com/news/article...

US Credit Rating Cut by Moody’s on Government Debt Increase The US was stripped of its last top-tier credit rating on Friday after Moody’s Ratings downgraded the nation on an increase in government debt and a higher interest burden.

This seems bad

www.bloomberg.com/news/article...

Waterous’ Strathcona to Make Takeover Bid for MEG Energy Canadian oil tycoon Adam Waterous’ Strathcona Resources Ltd. announced plans for takeover bid of MEG Energy Corp. that values the oil sands company at about C$6 billion ($4 billion), advancing a push ...

In case you weren't glued to your terminal overnight, Adam Waterous’ Strathcona Resources announced plans for a takeover bid of MEG Energy that values the oil sands company at about C$6 billion

www.bloomberg.com/news/article...

It's that time of year in Calgary when a single cloud can drop the temperature 10 degrees.

Canadians’ Return Travel From US Plunges as Trump Tariffs Hit Canadians have returned from 1.35 million fewer road trips to the US over the past two months than they did a year ago, eschewing crossing the border that US President Donald Trump called “artificial”...

Canadians are still throttling back travel to the US. By @rtkwrites.bsky.social

www.bloomberg.com/news/article...

Trump’s Thirst for Cheap Oil Irks an Industry He Loves to Praise Terrel Hardin was at a diner along Route 66 in western Oklahoma when his phone rang with bad news: The engine on one of his oil rigs had broken. In times past it would be a straightforward $6,000 fix,...

The US oil industry strongly supported Trump’s campaign for a second term, but some executives are now feeling shortchanged

www.bloomberg.com/news/article...

Oil Climbs After ‘Substantial Progress’ in US-China Trade Talks Oil and most other commodities powered higher, while gold fell, after China and the US ratcheted down trade tensions that had threatened to slash demand for raw materials.

Oil and most other commodities powered higher after China and the US ratcheted down trade tensions that had threatened to slash demand for raw materials

www.bloomberg.com/news/article...

Americans Embrace Road Trips as Economic Fears Discourage Flying Kristin Herman and her partner had been planning a European getaway with stops in Paris and Rome, but with the US economy suddenly wobbling, the couple instead drove to Oregon’s nearby redwood forests...

As President Donald Trump’s global trade war rattles consumer confidence and threatens to reignite inflation, US travelers are increasingly opting for road trips over flights

www.bloomberg.com/news/article...

I respect that the Pope is a White Sox fan. It shows he cares about those who are suffering.

feels like this was the music they should've used to announce him

DEEP DISH COMMUNION WAFERS

I'm expecting an uptick in "smoke signals" usage in all forms of media in the coming weeks

Oil Holds Decline With Market Focused on US-China Trade Talks Oil rose as President Donald Trump said the US reached a trade agreement with the UK, the first of his promised deals with countries around the world.

Oil is rising as the US-UK deal eases concerns that the trade war will hurt economic growth and energy demand

www.bloomberg.com/news/article...