Author name: Siim

MEG Energy says Trans Mountain expansion will boost Canadian oil prices ‘for years’

MEG Energy says Trans Mountain expansion will boost Canadian oil prices ‘for years’

The Canadian Press Apple’s biggest announcements from its iPad event: brighter screen, faster chips and the Pencil Pro CUPERTINO, Calif. (AP) — Apple on Tuesday unveiled its next generation of iPad Pros and Airs — models that will boast faster processors, new sizes and a new display system as part of the company’s first update […]

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Summer Gasoline Prices Seen Holding Steady in Relief for Drivers

Summer Gasoline Prices Seen Holding Steady in Relief for Drivers

American drivers may pay about the same prices at the pump this summer, providing a boon for the Biden administration’s efforts to tame inflation. Author of the article: Bloomberg News Lucia Kassai Published May 07, 2024  •  1 minute read People pump gas in Austin, Texas. Photo by Brandon Bell /Photographer: Brandon Bell/Getty (Bloomberg) —

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MEG Energy says Trans Mountain expansion will boost Canadian oil prices ‘for years’

MEG Energy says Trans Mountain expansion will boost Canadian oil prices ‘for years’

CALGARY – The recently completed Trans Mountain pipeline expansion will boost Canadian oil prices for “years” to come, an executive with oilsands producer MEG Energy Corp. said Tuesday. “It is great for industry and Canada to have that tremendous asset available,” said MEG’s vice-president of marketing Erik Alson during a conference call with analysts to

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Large Crude Inventory Build Rocks Oil Prices

Large Crude Inventory Build Rocks Oil Prices

Crude oil prices went lower today after the U.S. Energy Information Administration reported an inventory increase of 7.3 million barrels for the week to April 26. This compared with a substantial draw of 6.4 million barrels for the previous week that pushed prices temporarily higher last week. In gasoline, the authority reported an inventory rise of 300,000 barrels for

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High Oil Prices Force Biden Admin to Halt SPR Refill Plans

High Oil Prices Force Biden Admin to Halt SPR Refill Plans

By Robert Rapier – May 03, 2024, 4:00 PM CDT DOE cites rising oil prices as the reason for canceling the solicitations for oil deliveries to the Bayou Choctaw SPR site. Biden administration’s decision comes amidst concerns over market conditions and global production cuts impacting oil prices. The cancellation raises questions about the U.S. energy

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FTSE 100 today: London stocks to stay subdued in light trading as Asia and Europe mark Labour Day holidays

FTSE 100 today: London stocks to stay subdued in light trading as Asia and Europe mark Labour Day holidays

Wednesday 01 May 2024 5:38 am FTSE 100 today: London stocks to stay subdued in light trading as Asia and Europe mark Labour Day holidays Moving markets today: Asian equities mixed following Wall Street’s worst month since September; oil prices drop, gold stays subdued, Starbucks, AMD, and Supermicro shares decline; focus shifts to US Fed

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Federal Agencies Target ExxonMobil And Chevron Acquisitions

Federal Agencies Target ExxonMobil And Chevron Acquisitions

Oil is refined into gasoline, diesel, and jet fuel 24/7 at fewer and fewer refineries around the … [+] nation. getty The Securities and Exchange Commission and Federal Trade Commission are evaluating pending oil company consolidations because of antitrust and climate related concerns. The ExxonMobil XOM acquisition of Pioneer Natural Resources PXD and Chevron’s CVX

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Oil steady around weekly low while markets are unwinding risk premium over tension in Middle East

Oil steady around weekly low while markets are unwinding risk premium over tension in Middle East

Oil turns flat for this Friday with markets writing off Middle Eastern tensions during APAC session. WTI Oil prices retreat from $85.00, while Brent dips below $90. The US Dollar Index eases as well on a turnaround from safe haven inflows earlier on the back of headlines.  Oil prices are dropping lower with markets having

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