Canada’s oil patch “may be on the cusp of a new investment cycle” as oil settles into a US$50-60/bbl range, according to a new report from the Bank of Montreal.
According to GlobalPetrolPrices.com, the average price of petrol (gasoline) globally is $1.01 (84p) per liter. Countries that export oil tend to have lower prices but taxes and subsidies have a significant impact on prices too meaning there are huge differences around the world. Let’s take a look at the most expensive nations.
BNN rounds up what Canadian energy executives in particular want to know as Donald Trump’s Administration takes office.
Canadians have been yelling ‘drill, baby!’ for a long time. BNN looks back at how Canada’s oil industry began.
Oil edged higher on Wednesday on expectations that U.S. crude oil inventories are falling and on signs that oil producers are willing to stick to agreed output cuts that came into effect this week.
Expect gasoline prices to rise five cents a litre overnight at pumps in Ontario and Quebec and four cents in Vancouver and Western Canada after the price of oil pushed through $51 US a barrel on Thursday, says analyst Dan McTeague.
Jim Cramer makes a bold call based on a dramatically changed energy landscape.
“I will work with the new administration when it gets sworn in … I’m confident that the right decisions will be taken,” Trudeau told the audience at an event in Calgary, Canada’s oil capital.
Oil futures fell on Wednesday after Libya said it expects to boost production over the next few months and a report showing a surprise build in U.S. crude inventories last week.