Secure Your Future: Invest in These TFSA Stocks for Retirement
June 9, 2023
2023-06-09 15:00:00 ET Many Canadians used the COVID-19 pandemic as a platform to vault int…
US burns more natgas as wind power drops, Canadian wildfires cloud solar
June 9, 2023
Nasdaq U.S. power generators were forced to burn more natural gas to produce electricity this week than usual as the amount of wind power dropped and smoke from Canadian wildfires blocked output from solar panels, according to U.S. and regional power data. The amount of U.S. power generated by solar so far this week slid to just 4% of the total
Exxon narrowly avoids oil production halt in Guyana
June 9, 2023
Oil Price An appeals court has suspended an order issued by a lower court that could have seen supermajor Exxon lose its license to operate the Liza-1 offshore well that yields about half of the country’s oil output. According to its contract with the Guyanese government, the consortium that operates the Liza-1 well and explores in the whole Stabroek block,
Oil market yawned over Saudi cut as economic concerns cap prices -Chevron exec
June 9, 2023
Nasdaq NEW YORK – Concern about the global economy dampened the oil market’s reaction to Saudi Arabia’s pledge to cut supplies and has capped prices this year, a Chevron CVX.N executive told Reuters on Thursday. Benchmark Brent LCOc1 crude prices were just below $76 a barrel on Thursday, little changed from where they were before Saudi Arabia announced on Sunday it would cut
Platts Survey: OPEC+ production plunged by 670,000 bpd in May
June 9, 2023
Oil Price OPEC+ slashed its crude oil production by 670,000 barrels per day (bpd) in May, as the voluntary cuts with which the group shocked the markets in April began, the latest Platts survey by S&P Global Commodity Insights showed on Friday. In early April, a day before a regularly scheduled OPEC+ panel meeting, the biggest OPEC producers in the Middle
Russia’s gasoline exports have surged by 37% this year
June 9, 2023
Oil Price Despite the Western sanctions, Russian oil companies boosted their gasoline exports by 37% between January and May compared to the same period in 2022, Russian daily Kommersant reported on Friday, citing sources familiar with the data. The Russian Energy Ministry last month asked oil companies to reduce their exports and raise supply on the domestic market, according to Kommersant’s sources.
Could Suncor Stock Soar Into 2024?
June 9, 2023
2023-06-09 09:30:00 ET Suncor ( TSX:SU ) is down considerably over the past year an…
