Oil surged to a 10\u002Dmonth high as global benchmark Brent topped $95 a barrel for the first time since November. Read more.
Global benchmark Brent topped US$95 a barrel for the first time since November. The tighter market has ignited a flurry of predictions that US$100 oil could return in a roster than runs from industry heavyweights such as Chevron Corp. chief executive Mike Wirth to traditional bears at Citigroup Inc.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYExclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.
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Oil surges to 10-month high as Brent tops $95 a barrelOil surged to a 10\u002Dmonth high as global benchmark Brent topped $95 a barrel for the first time since November. Read more.
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European Stocks Steady Ahead of Fed, Oil Triggers Inflation WoesEuropean stocks were steady as investors were wary of making bets ahead of this week’s central bank meetings, while Brent oil’s rally to $95 triggered worries about inflation spiking again.
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Canada's Trans Mountain pipe expansion to disrupt oil flow to US, boost pricesCanada's Trans Mountain oil pipeline expansion (TMX), which will nearly triple the flow of crude from Alberta to Canada's Pacific Coast beginning early next year, will shake up North America's supply by diverting barrels now mainly delivered to refiners and exporters in the U.S. Midwest and Gulf Coast. Its startup could add as much as $2 per barrel to prices paid by U.S. Midwest oil refineries that sit along Canada's existing main oil-export route. 'They will be competing for barrels that no longer transit through their region,' said a Calgary-based oil trader.
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Oil Surge Is a Bigger Risk for Europe Than for the US, OECD SaysEurope is at greater risk than the United States from surging oil prices making it harder to escape low growth and high inflation, the OECD’s chief economist Clare Lombardelli said.
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School bus company on hook for Fort Creek oil spill cleanupA contaminated wetland at the edge of Fort Creek has been dug out after an oil spill and replaced with gravel and dirt fill; city says there is no plan to revert site back to a wetland
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Oil Steadies After Three-Week Rally With Tighter Markets in ViewOil held near a 10-month high as OPEC+ supply cuts tightened the global market, with Saudi Energy Minister Prince Abdulaziz bin Salman due to address an industry conference on the kingdom’s crude policy and outlook.
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