The Vancouver Sun reports that British Columbia and Alberta have agreed to a framework Tuesday that they say opens the possibility of heavy oil pipelines being built to the B.C. coast.
Articles Tagged "Oil Market News"
The Vancouver Sun reported that a group of First Nations in British Columbia is asking to the United Nations to investigate the actions of the provincial government on the proposed Northern Gateway pipeline.
Saxo Capital Markets has a look at the major triggers for oil prices that investors should note with the ongoing crisis in the Middle East.
Reuters reported that oil and gas firms have been cutting back on investments in order to improve profits and save cash for dividends.
Bloomberg reported that the Brent crude prices have slipped for the third day this week, touching its lowest price in three weeks. WTI for July delivery was down $1.61 to $92.67 a barrel.
The Washington Post reported that oil prices fell below $93 on the back of disappointing economic reports from Europe and the U.S.
Bloomberg reported that West Texas Intermediate crude has reached its highest level in over 2 weeks as SPX approached a record on optimism that the economic stimulus will remain in order to bolster growth.
Bloomberg reported that according to Oil Movements, the Organization of Petroleum Exporting Countries (OPEC) will increase shipments by 60,000 bpd until mid-May due to a rising demand in Asia.
Bloomberg reported that crude oil options declined to a 2-week low at 20.58% as futures advanced on better-than-expected US jobless claims.
Bloomberg reported that China Petroleum & Chemical Corp. has made a profit of 2.2 billion yuan from processing crude for the first time since 2011 while PetroChina Co was able to cut refining losses to 1.56 billion yuan as China enters market-driven pricing to fulfill its energy needs