TransCanada is said to have reduced line’s shipments by 85% Ministers from six OPEC countries and Russia meet in Bolivia Oil extended its rally above $58 a barrel as supply Continue Reading
U.S. crude futures prices have swung into substantial backwardation after a spillage on the Keystone pipeline severely reduced crude deliveries from Canada into the U.S. Midwest. U.S. crude futures, also Continue Reading
This seems unlikely, both in the short and long term, and in the context of new energy sources. But there’s always politics It took the better part of a year Continue Reading
U.S. oil prices eased back from a two-year high on Thursday, as concerns about oversupply outweighed the impact of a pipeline shutdown in the United States. U.S. light crude CLc1 Continue Reading
The 20 percent increase in oil prices since September led to a wave of hedging by U.S. shale drillers eager to lock in future production at prices not seen in Continue Reading
Oil settled at a two-year high Wednesday after the shutdown of one of the largest crude pipelines from Canada cut supply to the United States. o The restart of the Continue Reading
Weak British economic growth wasn’t enough to offset short-term pipeline issues in North America or OPEC rumors that lifted oil prices higher on Wednesday. The British Office for Budget Responsibility Continue Reading
The prospect of a prolonged clean-up from a leak along a large oil pipeline sent US crude prices higher on Wednesday, as traders braced for lower supplies from Canada. The Continue Reading
Oil prices rallied in Asian trading on Wednesday, extending a recent pullback as an industry group’s reading showing a drop in U.S. crude inventories raised hopes for a government report Continue Reading
Oil futures gained Tuesday ahead of the Thanksgiving holiday and a meeting next week of major oil producers to discuss a possible extension of output cuts. Light, sweet crude for Continue Reading
