Archives

By Commodity News Service Canada WINNIPEG, February 24 The Canadian dollar weakened against its US counterpart on Wednesday, as crude oil futures fell with optimism for a production cut. At 8:45 a.m. CST the Canadian dollar was at US$0.7221 or C$1.3848 which compares with Tuesday’s North American close of US$0.7263, or C$1.3768. At 8:45 a.m., […] Read more

By Commodity News Service Canada WINNIPEG, February 24 – The following is a glance at the news moving markets globally. SAUDI OIL MINISTER RULES OUT PRODUCTION CUT Crude oil futures fell in early activity on Wednesday, as Saudi Arabia’s oil minister ruled out an oil production cap, despite a supply glut. However, the oil minister […] Read more

By Commodity News Service Canada WINNIPEG, February 23 – The following is a glance at the news moving markets globally. CHINA FAVOURS RUSSIAN OIL IN JANUARY China imported 15 per cent more oil from Russia in January, according to reports on Tuesday, while imports from Saudi Arabia lagged. Beijing bought 3.36 million tonnes of crude […] Read more

By Commodity News Service Canada WINNIPEG, February 22 – The following is a glance at the news moving markets globally. ENERGY ASSOCIATION EXPECTS OIL MARKET TO REBALANCE IN 2017 The International Energy Association (IEA) expects the global oil market to start stabilizing in 2017, according to reports on Monday. The IEA said output and demand […] Read more

By Commodity News Service Canada WINNIPEG, February 19 – The following is a glance at the news moving markets globally. INDIA’S CRUDE IMPORTS FROM SAUDI ARABIA, IRAQ REACH 10-YEAR HIGH India’s oil imports from Saudi Arabia and Iraq hit the highest in more than a decade in January, according to reports on Friday. Saudi Arabia […] Read more

By Commodity News Service Canada WINNIPEG, February 18 – The following is a glance at the news moving markets globally. US JOBLESS CLAIMS MOVE LOWER MID-FEBRUARY US jobless claims for the week ended February 13 fell by 7,000 to a seasonally adjusted 262,000, according to the country’s labour department on Thursday. The figure came in […] Read more

By Commodity News Service Canada WINNIPEG, February 17 The Canadian dollar was stronger against its US counterpart on Wednesday as crude oil futures gained ground. At 8:42 a.m. CST the Canadian dollar was at US$0.7252 or C$1.3789 which compares with Tuesday’s North American close of US$0.7204, or C$1.3881. At 8:42 a.m., New York Mercantile crude […] Read more

By Commodity News Service Canada WINNIPEG, February 17 – The following is a glance at the news moving markets globally. IRAN OPPOSES FREEZING OIL PRODUCTION Iran’s oil minister has said the country will resist the proposed ceiling to crude oil production, according to reports on Wednesday. Iran’s oil minister has been speaking with officials from […] Read more

By Commodity News Service Canada WINNIPEG, February 16 – The following is a glance at the news moving markets globally. RUSSIA, SAUDI ARABIA AGREE TO OIL CAP – IF OTHERS DO TOO Russia and Saudi Arabia have agreed to freeze oil production, but only if other producing countries will do the same, according to reports […] Read more

By Commodity News Service Canada WINNIPEG, February 12 – The following is a glance at the news moving markets globally. EURO ZONE’S ECONOMY EDGES UP AT END OF 2015 The euro zone’s economy ended 2015 with more of a ‘meh’ than a bang, with quarterly growth in the last three months of 2015 coming in […] Read more