|Day's range||61.08 - 62.54|
U.S. output rose by 12,000 barrels per day last week to nearly 10.4 million barrels per day - the most since the EIA started maintaining weekly data in 1983.
Canada’s heavy crude oil saw its discount widen further still on Thursday on the back of additional storage capacity and lower crude-by-rail shipments
In February 2018, Genesee & Wyoming’s (GWR) freight volumes from North American, European, and Australian operations were ~254,300 carloads, which represents a rise of 0.8% or 2,000 plus carloads compared with February 2017. GWR’s same-railroad carloads in the reported month expanded 0.6% to less than 254,000 carloads compared with over 252,200 carloads in February 2017.
The IMO is set to enforce a global sulfur cap of 0.5 percent on marine fuels in 2020, and when it does, demand for heavy sweet crude will soar
OPEC has finally admitted that U.S. shale output is soaring, which raises some troubling questions for the cartel regarding its production cut deal
Conventional wisdom says U.S. oil producers are going to take market share away from OPEC and from Russia, but some U.S. oil producers are cautioning against such predictions
Beijing has been increasing its presence in the heavily disputed South China Sea, and the reason behind this expansion is quickly becoming clear to the West
Oil futures appeared to look past the firing of Secretary of State Rex Tillerson, but his replacement could reignite bullish supply fears surrounding Iran and Venezuela, analysts say.
Analysts predict that some $8 trillion worth of investment in LNG infrastructure will be needed by 2040, and there may only be one way to achieve that
The Alberta parliament has voted in support of the Trans Mountain oil pipeline expansion project, claiming that the federal government should be doing more