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CBC.caCanadian dollar hits new 11-year low, slumping to weakest since May 2004CBC.caPrices hit multi-year lows on Monday near $35 US a barrel as the supply of oil continued to outpace demand and the global economy showed new signs of weakness. Prices moved
Admin 17.12.2015 0 89

MarketWatchOil back under $36 as US crude supplies take a surprise jumpMarketWatchWhile abolishing the ban bodes well for U.S. shale producers, an increase in oil supply in the global market will likely exacerbate weakness in the already inundated market,
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Mexico Awards First 14 Contracts for Onshore Oil DrillingNew York TimesMexico's oil regulator awarded the first 14 onshore contracts that were up for bid at an auction on Tuesday. The number of contracts awarded so far has already exceeded the governme
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Yahoo NewsCoalition efforts to stem IS oil yielding results, official saysYahoo NewsWashington (AFP) - Stepped-up attacks against the oil infrastructure of the Islamic State group have hurt its bottom line, a senior US official said Tuesday, as the Obama a
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OilPrice.comFinally Some Good News For The U.S. Oil Industry?OilPrice.comWe see the oil rig count plunging hard this week as 21 oil rigs and 7 natural gas rigs are taken out of action. A major deal in Paris over climate change could alter the course of ene
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Wall Street JournalDow up 156 ahead of Wednesday's expected rate hikeUSA TODAYStocks jumped Tuesday with the Dow gaining 157 points as the price of crude oil rallied for a second day and Wall Street awaits the Federal Reserve's decision Wednesday o
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CBC.caGas should be much cheaper with fall in oil prices, BMO saysCBC.caDespite Canada having one of the world's largest reserves of crude oil in the world, much of the gasoline that Canadians put into their cars — especially in Central Canada and on t
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CBC.caCanadian dollar sinks to 73.5 cents US as oil swoon continuesCBC.caCrude oil prices have sold off sharply the past two days after OPEC effectively said over the weekend that it would no longer limit the amount of oil it was willing to sell on the mar
Admin 08.12.2015 0 84

CBC.caCanadians in oil-producing provinces having more trouble paying debtsCBC.caCanadians by and large are paying back their loans on time, despite rising debt levels, but the situation isn't as rosy if you live in oil-producing provinces, according t
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CBC.caHouse prices could fall 26% if oil hits $35 and stays for 5 years: CMHCCBC.caThere is a risk of a collapse in housing prices if oil falls to $35 US a barrel and remains there for five years, triggering unemployment of 12.5 per cent in Canada, accordi
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