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1. www.bnnbloomberg.ca › oilOil - BNN Bloomberg

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   Oil company earnings underwhelm despite crude price flirting with US$85 a barrel. Oil prices rose this week as tightening supply conditions and ongoing tensions in the Middle East contributed to push prices higher.

2. www.bloomberg.com › news › articlesLatest Oil Prices, Market News and Analysis for June 17 ...

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   Jun 16, 2024 · Updated on. June 17, 2024 at 12:31 PM PDT. Listen. 2:31. Oil climbed, building on its biggest weekly advance since early April and extending a short-covering rally, helped by risk-on sentiment in ...

3. www.bloomberg.com › energyEnergy - Bloomberg

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   Get updated data about energy and oil prices. Find natural gas, emissions, and crude oil price changes.

4. www.cbc.ca › news › businessOil prices are rising, but Canada is getting comparatively ...

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   Jun 8, 2022 · Analysis. 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...

5. www.bnnbloomberg.ca › oil-price-news-brent-crudeOil price news: Brent crude hits US$90 a barrel as Middle ...

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   Apr 4, 2024 · Brent crude climbed above US$90 a barrel for the first time since October as the conflict in the Middle East showed signs of escalating.

6. www.bloomberg.com › news › articlesCrude Oil Prices Hold Two-Day Gain Amid Disruptions to ...

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   May 8, 2023 · The US decision to cancel the previously mandated sale of some 140 million barrels and begin purchasing crude later this year to refill the strategic cache halted the slide. Have a confidential...

7. People also ask

   Will oil demand increase in 2021?

   • Oil demand is set to increase by an average of almost 4 million barrels a day in 2021 vs. a low, pandemic-driven 2020 level. , Bloomberg (Bloomberg) -- Canadian heavy crude prices plunged to their biggest discount to futures since 2018 and, this time, the collapse has little to do with a shortage of pipelines.

   Canadian Oil Prices Collapse Even Amid Pipeline Abundance

   www.bnnbloomberg.ca/canadian-oil-prices-collapse-even-amid-pipeline-abundance-1.1831761

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   What happened to Canadian Cold Lake crude?

   • Canadian Cold Lake crude on the Gulf Coast traded at a record discount to WTI of $23 a barrel early on Wednesday before strengthening in the afternoon to $20.25 a barrel. The discount reached $25 a barrel at Cushing, Oklahoma, before rebounding to a $21.75 a barrel, according to Link Data Services.

   Canadian Oil Prices Collapse Even Amid Pipeline Abundance

   www.bnnbloomberg.ca/canadian-oil-prices-collapse-even-amid-pipeline-abundance-1.1831761

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   Why is Canadian crude oil so expensive?

   • High natural gas prices make refining heavy and high sulfur crude oil more expensive, according to Vortexa data. At the same time, Canadian crude on the coast is exposed to discounted Russian barrels. India has cut its imports of Canadian oil by almost half since May as the country takes more Russian crude.

   Canadian Oil Prices Collapse Even Amid Pipeline Abundance

   www.bnnbloomberg.ca/canadian-oil-prices-collapse-even-amid-pipeline-abundance-1.1831761

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   Why did oil prices rise this week?

   • Oil prices rose this week as tightening supply conditions and ongoing tensions in the Middle East contributed to push prices higher. Dan Rohinton, portfolio manager of iA Global Asset Management joins BNN Bloomberg to discuss the top markets movers of the day including oil and gold.

   Oil - BNN Bloomberg

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   How much sour oil will be released a day in Canada?

   • Although it will happen slowly, at a pace of about 1 million barrels per day, the total planned release is more than 10 times what Canada's oilsands produce on a typical day, so a market flooded with that much sour crude is likely to drive down the price of Canadian products even more.

   Oil prices are rising, but Canada is getting comparatively less for

   www.cbc.ca/news/business/oil-prices-canada-1.6479046

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   Why are oil prices so low in Canada?

   • Russian President Vladimir Putin's decision to invade Ukraine has wreaked havoc on oil prices around the world. (Andrey Rudakov/Bloomberg) Oil prices around the world have risen to their highest levels in years, but Canadian oilsands producers are seeing comparatively less for every barrel because of imbalances in supply and demand.

   Oil prices are rising, but Canada is getting comparatively less for

   www.cbc.ca/news/business/oil-prices-canada-1.6479046

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8. www.bnnbloomberg.ca › oil-price-news-oil-falls-asOil price news: Oil falls as monetary policy ... - BNN Bloomberg

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   Feb 20, 2024 · Oil fell as concerns about a longer period of elevated interest rates weighed on broader sentiment, countering signs of a tightening physical oil market. Amid a lack of clear supply-and-demand catalysts, crude has been mirroring broader markets.