Talks with Ukraine have reached a dead end, US CPI got cored
Russian President Putin says talks with Ukraine have reached a dead end. A separate Sky News headline said Putin warned Russia would not stop the aggression in Ukraine until …
Tag: Oil
Bearish News Is Mounting For Oil
Oil prices remained fairly stable this week, with ICE Brent balancing slightly above the $100 per barrel mark. Fears of Russian supply disruptions were temporarily put on the back …
Royal Bank CEO calls for ‘orderly’ climate transition amid criticism
Wet’suwet’en Chiefs Namoks, left, Madeek, centre, and Gisdywa traveled to confront and protest Royal Bank of Canada’s funding of Coastal GasLink pipeline and other fossil fuel investments in Toronto …
Don’t Blame Big Oil For High Gasoline Prices
The Biden Administration’s insistence that oil companies are ripping off Americans at the pump while lining their own pockets culminated in this week’s hearing at the House Committee on …
The close: Stocks erase early losses on late tech rally
The S&P 500 ended higher on Thursday, with Pfizer and Tesla fueling a late-session rally while investors eyed the war in Ukraine and a potentially more aggressive Federal Reserve. …
A retracement in oil prices aided US stocks
Markets Although the tape is incredibly messy, US stocks were supported by a limited rise in real yields, stable earnings expectations and some retracement in energy prices. The first-quarter …
Markets, Oil, Gold, Forex and EUR: TGIF
Markets US equities fell Thursday, S&P down 0.6%, heading into the close. Europe’s Stoxx600 down 1.7%. US10yr yields up another 3bps to 1.968%. Bunds up 6bps after ECB went …
One swallow doesn’t a spring make, but a Volcker adjustment is on the cards
US equities were weaker Wednesday, S&P down 1.0%. US 2s10s steepened further, with 10yr yields up 5bps to 2.6%, highest in three years, 2yrs down 5bps to 2.47%. Oil …
Air pockets are becoming easier to find these days
MARKETS US equities fell Tuesday, S&P down 1.3%. US10yr yields up 15bps to 2.55% after Fed Governor Brainard quoted Paul Volcker on runaway inflation and called for a rapid …
Opinion: Cenovus takes $1.4-billion hit to exit oil hedges in sign of strength for company as prices soar
Cenovus CEO Alex Pourbaix speaks at a news conference in Calgary on Jan. 30, 2020.Jeff McIntosh/The Canadian Press Cenovus Energy Inc. CVE-T is taking an estimated $1.38-billion hit to …
Suncor to ditch solar and wind assets, focus on hydrogen and renewable fuels
Suncor Energy Inc. is divesting its solar and wind assets, turning its focus instead to hydrogen and renewable fuels. The decision to ditch its renewable power assets spells the …
How Biden’s Huge Strategic Oil Release Could Backfire
This week, the Biden administration revealed that it will release as much as 180 million barrels of crude oil in a bid to calm oil prices, which have remained …