4 h. ago Citigroup Flags Oil Market’s Bearish Consensus as Surplus Looms

The broad mood in the oil market remains bearish, although there are discrepancies as to how gloomy crude’s prospects are, according to Citigroup Inc., summarizing views from clients in North America and Europe.

Other

58 h. ago Kitsault Energy Proposes Bold Initiative for Canada’s Economic Prosperity and India’s Energy Security

WASHINGTON — Dr. Krishnan Suthanthiran, founder and president of Kitsault Energy (KE), has renewed calls for a Canada–India energy partnership centered around a dedicated pipeline corridor to Kitsault, British Columbia. The project aims to supply Indian markets with Canadian crude oil and natural gas in the form of liquid butanol—an alternative to LNG with lower […]

Events

3 d. ago Japan’s Nikkei stock index jumps nearly 5% after its ruling party picked Takaichi to lead

Japan’s Nikkei stock index jumped nearly 5% on Monday and the yen weakened after its ruling party chose an ultra-conservative as its leader and likely first woman prime minister. Other Asian markets also were mostly higher. U.S. futures climbed and oil gained about $1 a barrel. The Liberal Democrats elected Sanae Takaichi, an ally of […]

Economics

5 d. ago Russia’s Spare Oil Export Capacity Running Out as Drones Hit Refineries

Russia’s ability to divert its crude to the global market is diminishing fast as the nation’s oil refineries come under attack from Ukrainian drones.

Economics

6 d. ago Asian shares are mixed as tech shares lead Wall Street ticks to more records

MANILA, Philippines (AP) — Asian shares were mixed on Friday after heavy buying of tech shares led benchmarks on Wall Street to more records. US. futures and oil prices were higher. Markets have largely shrugged off the shutdown of the U.S. government after Democrat and Republican lawmakers failed to reach agreement on funding. U.S. President […]

Sport

6 d. ago Asian shares are mixed as tech shares lead Wall Street to more records

MANILA, Philippines (AP) — Asian shares were mixed on Friday after heavy buying of tech shares led benchmarks on Wall Street to more records. US. futures and oil prices were higher. Markets have largely shrugged off the shutdown of the U.S. government after Democrat and Republican lawmakers failed to reach agreement on funding. U.S. President […]

Sport

6 d. ago Opinion: Energy market trends should alarm Canadians about investments in the oil

Andy (Anil) Hira: The International Energy Agency recently reaffirmed global oil markets are in transition.

Other

9 d. ago Middle East Oil Prices Slide as OPEC+ Supply Fans Glut Concerns

Oil prices in the Middle East are starting to show the strain from concerns over a looming surplus, as OPEC+ presses ahead with its strategy to reclaim market share and demand from Chinese refiners softens.

Economics

9 d. ago Oil Extends Decline on Glut Outlook and Push to End War in Gaza

Oil fell for a second session as the market weighed a looming glut and the possibility for an end to hostilities in Gaza, which could siphon some of the war premium out of prices.

Other

2 w. ago Diesel Traders Bet on Price Spike as Russia Refineries Attacked

Oil traders are betting on a surging diesel market as an escalation in Ukrainian attacks on Russian fuelmakers threatens to tighten global supply.

Economics

3 w. ago Oil Demand Monitor Warns Output Boom May Strain China’s Stockpiling

The global oil market faces an “untenable” surplus of about 3 million barrels a day, testing how much can be absorbed by China’s recent stockpiling drive, a major forecasting agency has warned.

Economics

4 w. ago Exxon Mobil Buys Kentucky Battery Factory to Expand Energy Storage

Exxon Mobil Corp. is buying a battery materials factory in southern Kentucky as the oil major pushes further into the growing market for energy storage.

Other