by Thanvir | Dec 20, 2018 | Benchmark Oil Price
The gap between Canadian benchmark oil prices and US prices is increasing along with the gap between Canadian oil production and oil export capacity. The growth of Alberta’s oil industry is hampered by a lack of infrastructure in the face of growing output,...
by Thanvir | Dec 10, 2018 | Benchmark Oil Price
Benchmark crude oil futures rallied last week, with Dated Brent and WTI up around 5% and 3%, respectively. Prices rose mainly as a result of the US-China ceasefire until next March, a decline in US crude oil stocks, a forced reduction of production in Alberta, Canada...
by Thanvir | Nov 21, 2018 | Benchmark Oil Price
The oil price fell on Tuesday, with the US benchmark reaching its lowest level in more than a year, as investors’ attention remained focused on an important meeting of major oil producers early next month. “The bulls are running for the barn and the bears...
by Thanvir | Oct 23, 2018 | Benchmark Oil Price
A new oil price benchmark was launched on Monday that could make Houston the new hub for US oil prices. Intercontinental Exchange Inc., a commodity trading exchange also known as ICE, has introduced the West Texas Intermediate pricing guide, which will deliver oil...
