The fortunes of the oil market have turned around dramatically in the past month.
This time last month, investors were watching the futures market in disbelief. The May contract for West Texas Intermediate oil was set to expire, and …
From Bloomberg
Oil flirted with bear-market territory as Saudi Arabia insisted OPEC will avert a global supply glut after international trade brinkmanship …
From CNBC
An attendant sits at a closed Petroleos de …
U.S. crude oil stocks at this point in 2017 have dropped below the record highs of 2016. But inventories are still high. So in the face of predicted increasing oil production from shale in 2017, rebalancing inventories will be difficult, …
Royal Bank of Canada, Toronto-Dominion Bank and Canadian Imperial Bank of Commerce all topped profit estimates despite their exposure to the embattled oil and gas sector. Gross impaired loans to the oil …
Canada’s top banks have a combined exposure of C$107 billion (USD$80 billion) to the oil and gas industry, inclusive of untapped credit lines, reports Bloomberg.
Canadian Imperial …
