Thursday, 13 December 2018 Earlier this week Bloomberg reported that Canadian heavy crude prices had soared so high after the institution of a production cut in Alberta that some producers were already finding it difficult to sell their crude to Gulf Coast refiners as the gap with WTI narrowed significantly. In fact, Bloomberg’s Robert Tuttle said, quoting traders, Canadian crude had hit US$41 a barrel, about US$10 less than WTI. The latest price chart for Western Canadian Select, however, suggests that the spike is not across all Canadian heavy grades. As of December…
A former Canadian diplomat has reportedly been detained in China. The news comes just hours before a top executive at Chinese telecoms giant Huawei Technologies is set to return to a Vancouver courtroom for a bail hearing that has angered Beijing.
It was not immediately clear if the cases were...
According to Reuters, oil prices are up more than 2-percent after two oil tankers were attacked in the Gulf of Oman.
On June 13th, crude oil futures spiked by more than 4-percent, before settling down..
According to Reuters, oil prices bounced back from a five month low in the wake of an oil tanker attack.
On June 13th, crude oil prices spiked more than 4-percent, before settling at a lower price in..
According to Markets Insider, the price of oil is surging after two tankers were attacked in the Gulf of Oman. On June 13th, the price for oil jumped over 3-percent, making up for losses suffered a day..