US SPR Release Is Creating A Problem For Canada's Heavy Crude Oil
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
After long being deeply discounted for years because of a lack of pipelines, Canadian heavy crude is finally trading like a “North American” grade, moving in…
The Strategic Petroleum Reserve release in the United States—a large one designed to release a million barrels per day from storage into the commercial markets—is creating a bit of a problem for the Canadian oil industry
Pain at the gas pumps in Canada is usually offset by a surge in spending and hiring by oil companies. The recent surge in oil prices is still a net benefit to Canada's economy, but not nearly to the extent that we have come to expect.
In today's Morning Brief, the recent surge in oil prices is still a net benefit to Canada's economy, but not nearly to the extent that we have come to expect.