Wall Street opened lower Monday as the inflationary jolt from surging oil prices threatened to raise living costs and interest rates around the globe, while investors desperate for liquidity fled to the U.S. dollar.
Tag Archives oil
Shares slump, bonds skid as oil surge threatens inflation shock
Store that seasonal-use equipment properly
Kioti has a few recommendations for small equipment owners
Owners of small seasonal equipment may believe autumn maintenance isn’t needed if a machine will be kept out of the harsh elements over winter — only to find unexpected problems come spring.
‘Tis the season to reduce costs on regular maintenance, repair
Wintertime sees service programs and parts discounts from OEMs
After a hectic harvest season, there may be a temptation to park machines in the shed, close the door and forget about them until next spring. But that’s not a good idea. Performing regular maintenance of equipment now can help cut costs. Dealerships looking to keep their mechanics busy in the off season typically offer […] Read more
How to evaluate a diesel engine
Knowing what to check will give you a good indication of an engine's overall condition
Are you thinking of buying a used tractor or other farm machine at one of this season’s spring auctions? When buying at auction, there is usually limited opportunity to give a machine or vehicle a thorough inspection. So here are a few useful things you can do at a sale to at least check the […] Read more
Volatile oil market most likely to improve says analyst
Israel-Gaza war, Red Sea attacks having less impact than expected
As the global oil market continued to ready itself for 2024, one analyst stated it’s more likely prices will increase than to drop further. Phil Flynn of the Price Futures Group in Chicago said one’s outlook on crude oil is predicated on their economic view.
Canada to boost carbon tax rebate for rural areas
Will also pause carbon tax on home heating oil for three years
Ottawa | Reuters — Canadian Prime Minister Justin Trudeau on Thursday announced a three-year carbon tax exemption for home heating oil and higher carbon tax rebates for people in rural areas, measures he said were intended to bring relief amid soaring costs of living. Trudeau’s Liberal government has implemented a price on carbon to combat […] Read more
Extent of Saudi oil production cut unclear
Reported tensions within OPEC limit price gains
MarketsFarm — At the OPEC+ meeting Sunday in Vienna, Saudi Arabia announced it will cut its oil production by one million barrels per day (BPD) come July. And while that move was bullish for the markets, by how much remains to be seen, said Phil Flynn of the Price Futures Group in Chicago. “It’s probably […] Read more
Are energy companies displaying “grotesque greed”?
Vilification of profits continues unabated
Shortly after submitting my previous article on the vilification of the word “profit,” and even more so when related to oil, the headline “UN Head Calls for Taxing ‘Grotesquely Greedy’ Oil” appeared in a newsletter I read, with the following quote: “UN Secretary General Antonio Guterres called on governments globally to tax these excessive profits […] Read more
The biology of oil and coal
A deep dive into their formation and uses
Both oil and coal are the products of plain and simple plant photosynthesis. That is the chlorophyll in green diatoms, microscopic algae and green plants on land, which thrived hundreds of millions of years ago as they trapped the sun’s radiant light energy. These microscopic green algae in the world’s oceans took light energy from […] Read more
Oil content of Canada’s canola well below average in 2021
MarketsFarm — The average oil content of Canada’s canola crop came in well below normal in 2021-22, according to the final quality report for the year from the Canadian Grain Commission (CGC). The average oil content came in at only 41.3 per cent for the year, which compares with 44.1 per cent the previous year […] Read more