Tropical Storm Lee is expected to rapidly intensify into an “extremely dangerous” hurricane in the Atlantic Ocean by this weekend, the National Hurricane Center said Tuesday as the season approaches […]
Author: Consultant
India importing Russian oil is a ‘win-win’ for the world economy, says India’s No. 1 oil company
India’s imports of Russian crude is a win-win situation for the world’s oil markets, said Oil and Natural Gas Corporation Ltd (ONGC), India’s No. 1 oil company. By importing from […]
Oil rises on China, U.S. economic data and OPEC+ cut expectations
Oil prices ticked up in Asian morning trade on Monday, as market sentiment was buoyed by positive China and U.S. economic data, as well as expectations of ongoing crude supply cuts […]
Enbridge to purchase three U.S. utilities for $14 billion in cash and debt
Enbridge Inc. has signed a US$14 billion cash-and-debt deal that represents a major vote of confidence by the Canadian company in the future of natural gas.The Calgary-based energy infrastructure giant […]
Bank of Canada expected to hold rates steady as economy stalls
The Bank of Canada is expected to pause its monetary policy tightening campaign this week, weighing stubborn inflation data against growing evidence that the Canadian economy has begun to stall.Analysts […]
Crude Oil Extends Surge Amid Ongoing Supply Concerns
Extending the rally seen over the past several sessions, the price of crude oil showed another significant move to the upside during trading on Friday.Crude for October delivery surged $1.92 […]
Oil rises to highest in over seven months on supply worries
Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, buoyed by expectations of tightening supplies.Saudi Arabia is widely expected to […]
Gold Inches Higher On Dollar Weakness
Published: 9/1/2023 5:39 AM ETGold inched higher on Friday and was on track for a weekly gain, as the dollar weakened and bond yields dipped on growing expectations that the Federal […]
‘Rate hikes are over and done’: How today’s GDP surprise has shifted the views of economists and markets
OPINIONWeaker-than-expected second-quarter gross domestic product data this morning has money markets pricing in stronger odds that the Bank of Canada is done hiking rates for this economic cycle.Canada’s economy unexpectedly contracted in […]