10 h. ago TotalEnergies CEO Says Growing Demand Will Underpin Oil Prices

TotalEnergies SE Chief Executive Officer Patrick Pouyanne said rising demand for oil will help to underpin prices, despite their slump this week on growing concerns about a global surplus.

Economics

30 h. ago Brent Oil Extends Slide Below $60 as Supply Surplus Signs Grow

Oil extended declines, with Brent crude slipping below $60 a barrel for the first time since May, as indications grow that supply is outpacing demand against the backdrop of efforts to end the war in Ukraine.

Economics

6 d. ago IEA Trims Forecast of Record Oil Glut for First Time Since May

The International Energy Agency trimmed estimates for a global oil supply surplus this year and next for the first time in several months as demand strengthens and output growth slows.

Sport

6 d. ago China’s Oil Hoarding Clouds Outlook for Slowing Demand Growth

China’s robust stockpiling of crude is expected to continue next year, helping to cushion global markets from a swelling surplus, but masking a broader trend of slowing oil demand growth.

Other

1 week ago Toronto neighbourhood frustrated as local library set to move nearly 1 km away

A long-awaited relocation of a library in Toronto's St Lawrence neighbourhood is sparking frustration among some local residents who say the area is losing its local branch to another community.Toronto Public Library (TPL) formally announced on Tuesday that it had purchased a heritage building at 339 Queen St. E. to house a new branch, which is anticipated to open in 2028. The move will replace the existing TPL St. Lawrence branch at 171 Front St. E., which is set to remain open throughout construction.In a new release, TPL says the relocation responds to "rapid population growth and increased demand for library services in this part of the city," with the new branch set to serve the neighbourhoods of St. Lawrence, Moss Park, and Corktown.Located roughly 950 metres from its current site (or about a 14-minute walk), the new location sits at the northeastern edge of the St. Lawrence neighbourhood, in a part of the city many actually consider to be Moss Park.The...

Other

1 week ago The US$3 trillion stablecoin link that’s got Wall Street doubting

Even if the rosiest growth forecasts come to pass, the boost to Treasury-bill demand may not be as great as some estimate

Economics

2 w. ago DevvStream and Southern Energy Renewables Announce Business Combination Targeting Low

Combination integrates carbon-credit origination expertise with U.S.-produced, lower-cost carbon-negative fuels to meet growing global demand Southern secures a $402 million bond allocation from the Louisiana Community Development Authority in support of its flagship biomass-to-fuel facility Southern makes initial PIPE Investment in DevvStream of approximately $2.0 million at $15.58 per share SACRAMENTO, Calif. & NEW ORLEANS […]

Economics