Oil prices up as Iran protests continue Oil prices rose to their highest levels in 2 1/2 years as investors were encouraged by strong economic data from the United States and Germany and the continuing unrest in Iran. By 1:06 p.m. EST, Brent crude was up $1.05 to $67.62/barrel, the highest since May 2015. US […]
Oil prices hit 2 1/2 year high on strong economic data, Iran tensions Read More »
By Glen Hodgson This article was originally published in The Globe and Mail on December 29, 2017. Canada’s trade dialogue with its Asia partners encountered a rough patch in November, when, at the last minute, a multicountry agreement was not advanced. Even as we work to clarify NAFTA with the United States and Mexico, we need to
Column: Time to hit reset on Canadian trade negotiations with Asia Read More »
Record net long position accumulated by hedge funds, other money managers By John Kemp LONDON, Jan 2 – Hedge funds are the most bullish about oil prices in years, expecting further gains even as prices touch multi-year highs and ignoring the risk linked to such a large concentration of positions. A record net long position
Column: Hedge funds gamble OPEC will tighten oil market too much Read More »
Brent and US WTI oil prices started the year over $60/barrel Oil prices that hit mid-2015 highs early in trading on Tuesday later slipped on restarts of major crude pipelines in the UK and Libya and rising US production. For the first time since January 2014, both Brent and US WTI opened the year over
Oil prices climb to near 2015 highs early in session, but retreat on pipeline restarts Read More »
Chinese coal demand up 10 per cent in 2017 Rising demand in China for coal and iron ore have caused bottlenecks in China’s commodity supply chain. Placed end-to-end, there are enough cargo ships waiting outside Chinese and Australian ports to stretch more than 40 miles. Outside some Australian ports, some vessels are waiting to load
Chinese, Australian ports jammed as demand for coal, iron ore soar Read More »
Experts reveal what they see as transformative trends at BP summit in London This article ran in BP Magazine on December 13, 2017 Some futuristic technologies seem inconceivable today, but the same may have been said for a smartphone device 30 years ago. So, what are the trends that may be game-changing across different industries
Column: What are the transformative technology trends in your industry? Read More »
Tesla Semi trucks to cost about $200,000 each Reuters reports United Parcel Service Inc announced on Tuesday that it will buy 125 Tesla Semi trucks as the delivery company expands its fleet of alternative-fuel vehicles. The all electric big rigs will cost around $200,000 each, bringing the total UPS purchase to about $25 million. The
125 Tesla Semi trucks reserved by UPS, largest order ever Read More »
Oil prices up, but rising US production tempers gains Oil prices rose as the shutdown of the UK’s Forties pipeline and OPEC-led supply cuts continued. As well, data to be released later on Tuesday and early Wednesday is expected to show US crude stocks declined for the fifth straight week. By 1:31 p.m. EST, Benchmark
Oil prices up as Forties pipeline shutdown continues Read More »
Canadian oil producers struggle to get crude to market Canadian oil producers are in a bind as they scramble to get their crude to market. Pipelines and rail lines are almost at full capacity while prices have been driven to four-year lows. Companies are now concerned that they will have to sell their oil at
Canadian oil producers scramble as pipelines, railroads hit capacity Read More »
Oil prices dip in Monday trading Oil prices were mixed Monday as the Nigerian oil workers’ strike and uncertainty over when the Forties pipeline will re-open were tempered by rising US crude output. By 1:17 p.m. EST, Brent was down 2 cents to $62.63/barrel and US WTI had fallen 34 cents to $56.99/barrel. The Canadian
Oil prices seesaw on rising US output and UK pipeline outage Read More »
