Canada's oil sands have vastly improved its economy and energy security.
Articles Tagged "crude oil"
Crude oil dropped below $88 Wednesday after the International Monetary Fund on Tuesday lowered its outlook for world economic growth.
Bloomberg reported that West Texas Intermediate crude gained as US stocks surged after data showed factory orders in the US exceeded forecast, signaling positive economic growth and higher fuel demand.
The derailment of a Canadian Pacific Railroad train transporting crude oil in Minnesota this week emphasizes the policy risks fixed in delaying the Keystone XL pipeline amid unconstrained growth in rail shipments of oil.
Reuters reported that crude oil futures settled at 42 cents higher Friday due to weaker US dollar and strong industrial output data in the United States.
Reuters reported that the US oil boom should be sufficient to allow consumers to withstand probable supply shocks, according to the International Energy Agency.
Reuters reported that oil prices went up slightly on Friday but futures still suffer largest weekly fall for 2013, after the commodities markets sell-off.
Bloomberg reported that Iran’s crude oil shipments have dropped at least 40% in the last nine months as the United States and European Union tighten their sanctions in their aim to deter its nuclear program.
Bloomberg reported that crude oil options have sunk the most since May 2 at 21.66% as of 3:40PM on the New York Mercantile Exchange amid a better-than-expected U.S. jobs report.
Bloomberg reported that crude drops from a three-month high as 372,000 Americans filed for jobless claims last week.