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Jun 8, 2022 · Why high oil prices aren't creating an economic boom in Canada. Typically that discount is about $10-$15 US a barrel, but recent events have pushed the gap to beyond $20. That's the widest...
May 3, 2023 · One Canadian energy strategist said he thinks weak demand is behind the plummeting price of oil. As crude dropped below $US70 per barrel on Wednesday, Michael Tran, managing director of Global Energy Strategy at RBC Capital Markets, told BNN Bloomberg he doesn’t see the trend being driven by recession fears, but rather weaker demand as people ...
May 20, 2022 · The recent surge in oil prices is still a net benefit to Canada's economy, but not nearly to the extent that we have come to expect. High oil prices mean 'wicked profitability' when...
Sep 30, 2022 · While a lot goes into the price that drivers pay at the pumps, the main culprit in B.C. right now is a shutdown of one of the region's main refineries, reducing the supply of...
Dec 12, 2023 · Analysts say there are a number of factors at play here, namely geopolitical instability, fears of a global recession and hesitation around whether there will be follow through on oil output...
Mar 8, 2022 · The Canadian dollar is no longer growing at a pace tied to oil prices, exacerbating pains at the pumps and putting more pressure on the Bank of Canada to tame inflation.
Apr 22, 2020 · That low price was mainly due to over supply and lack of storage at the Cushing, Okla. facility where WTI stores its oil, but the fact is: globally, demand is down, hugely thanks to...
