Tags » Crude Prices

Loonie gains ground, reaches 9-month high as oil prices bounce back

TORONTO – A big bounce in energy prices and strength in metals sent the Canadian dollar soaring to its highest level since last summer.

The loonie gained 0.85 of a U.S. 119 more words

Money

IMF cuts Canadian, global growth forecasts

TORONTO – The International Monetary Fund is lowering its economic growth projections for Canada and the world.

Slowing growth in global oil exports, low crude prices and weak demand for non-oil commodities were identified as factors. 273 more words

Money

Crude prices rise amid output freeze talks

World oil prices nudged higher Tuesday as OPEC producers met to discuss a possible freeze to crude output levels in a bid to tackle a supply glut. 32 more words

News

One-Third of Oil Companies Could Go Bankrupt this Year

About a third of the world’s publicly-traded oil companies are at high risk of going bankrupt this year, according to a new report out Tuesday. 298 more words

Energy

China oil giant targets first output cut for a decade -- world oil prices are at their lowest for over 12 years

AFP

Chinese state energy giant CNOOC has cut its targeted output for 2016

HONG KONG (AFP)¬†–¬†Chinese state energy giant CNOOC has cut its targeted output for 2016, the first such move in more than a decade, as fears grow over the health of the Chinese economy and plunging oil prices.China’s economy grew 6.9 percent last year, its slowest pace in a quarter of a century, while world oil prices are at their lowest for over 12 years. 194 more words

There's still way too much oil out there to revive crude prices

The glut is going nowhere.

The Energy Information Administration just released its latest weekly look at the US oil market (pdf), and it shows that US crude stockpiles are the just 3 million barrels off the record 490 barrels record in April. 163 more words