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Summer Hope Dashed as Gasoline Supply Swamps Market

Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices

Gasoline futures swung to a five-month low of $1.2760 gallon in ending July business before paring the decline on technical-driven short covering ahead of the August contract expiration, with the low plumbed during peak seasonal driving demand in the United States amid a market awash in supply. 889 more words

Energy Trading

How the Turkish Coup Attempt Impacted Oil Prices

Oil prices fell on Monday as traders shrugged off the impact of the attempted coup in Turkey and the market turned its attention to bearish fundamentals, while disruptions to crude exports in Libya lent prices some support. 348 more words

Energy

Being irrelevant

This week the O&G industry sees crude oil prices rising closer to the USD50 mark a barrel with WTI crude at USD48.62 and Brent crude at USD49.64 as of June 5th. 178 more words

OPEC

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