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...
Turns out the 2018 holiday shopping season wasn't as kind to Canadian brick-and-mortar stores as some analysts would have liked. HuffPost Canada's senior business editor Daniel Tencer spells out what..
According to Reuters, oil price fell about 5-percent, down to their lowest prices of 2018.
The price for Brent crude futures dropped by $2.89, bringing the price of a barrel down to $54.35.
According to Reuters, oil prices dropped to their lowest price of the year.
Amid worries of another global supply glut, and the outlook for energy demand after another increase to interest rates, oil..