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GLOBAL MARKETS-Asian shares scale new 7-month highs; tight supply lifts oil

Asian shares rose to fresh seven-month highs on Wednesday as investors cheered signs of progress in U.S.-China trade talks and brisk economic data, while oil approached the key $70 per barrel mark. 275 more words

World Financial News

WTI price action

Crude price rally became a major surprise for many fundamental analytics due to unexpected combination of several factors. Crisis in Venezuela and supply outages, US… 226 more words

Market Today

Cenovus CEO raises concerns after reports of foreign interference in pipeline debate

CALGARY — Cenovus Energy Inc. has tripled its contracted space on the proposed Keystone XL pipeline, but remains concerned by reports that suspected foreign influences are using social media to constrain new pipeline projects in the country. 676 more words


Oil prices fall as U.S. rig count rise, trade concerns


  • Both U.S. and Brent crude futures slipped.
  • In the United States, energy firms last week increased the number of oil rigs operating for the second time in three weeks, a weekly report by Baker Hughes said on Friday.
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The great oil paradox: Too many good crudes, not enough bad ones

The shale boom has created a world awash with crude, putting a lid on prices and markedly reducing U.S. dependence on imported energy. But there’s a growing problem: America is producing the wrong kind of oil. 854 more words


Moving sticky crude: Oilsands firms throw new tech at old foe

In their quest to make one of the most expensive methods of producing crude more profitable, Canada’s oilsands companies have been ramping up efforts to get their peanut-butter-like bitumen to flow through pipelines more easily and cheaply. 631 more words



On Jan. 10, 2019 Western Canada Select (WCS) closed at U$44.22 (C$58.52/bbl)—a U$8.15/bbl discount to the West Texas Intermediate (WTI) light oil benchmark price and a U$17.46 discount to the international Brent oil price benchmark. 267 more words