Long-suffering Canadian oil and gas stocks were on track to post their best day in nearly three years on the Toronto Stock Exchange.
Higher oil prices could raise average gasoline prices in Canada by between five and 12 cents per litre over the next two weeks, depending on how long Saudi Arabia production is affected, said Patrick DeHaan, head of petroleum analysis for GasBuddy. Analysts blame the lack of investor interest in Canadian energy companies on the uncertain future of pipeline access to markets, a factor cited by the Alberta government to continue to constrain crude production this year.
The situation will enhance the reputation of Canadian oil, he said, and may spur Canada's main customer, the United States, to ensure stalled cross-border pipelines like Keystone XL are approved and completed.
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Somebody at CTV correct your header, please! It wasn't the Saudis who where attacking as your header would lead you to believe.
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Attacks on Saudi Arabia’s oil plants threaten U.S. gasoline price hikes, particularly in CaliforniaThe recent drone attacks may start a gasoline price hike across North America Good Of course Doug Ford will blame the federal carbon tax.
Source: globeandmail - 🏆 5. / 92 Read more »
Attack on Saudi oil sites raises risks amid U.S.-Iran tensionIran has denied that it was involved in Yemen rebel drone attacks the previous day that hit the world's biggest oil processing facility and an oil field in Saudi Arabia. It's not serious !! As usual US close his eyes For a given quantity of `X'. How about “unprecented disruption & opportunity for Canadian energy?” 5% of global consumption taken offline & 🇨🇦 using 25% of our drill rig fleet for past 5 years can’t make up the lost barrels in our own county (east) let alone displace Saudi in global markets. 🤦♂️ insanity!
Source: CTVNews - 🏆 1. / 99 Read more »
Saudi Arabia’s oil exports to run as normal from stocks this week: sourceAttacks on Saudi oil plants on Saturday knocked out more than half of the country’s output or more than 5 per cent of global supply
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Oil prices expected to jump after drone attack slashes Saudi production in halfState oil company Saudi Aramco said production had been cut by 5.7 million barrels a day – a volume equating to more than 5 per cent of global demand and more than all of Canada’s output globebusiness Love Alberta. globebusiness Wouldn’t it be great if we had some way to deliver our oil at that price globebusiness I think they want prices to go up.
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Iran dismisses U.S. allegation it was behind Saudi oil attacksIran has denied that it was involved in Yemen rebel drone attacks the previous day that hit the world's biggest oil processing facility and an oil field in Saudi Arabia. Iran will own the US when the Democrats get back in power. Biden will forget who Iran is Quit LIEING Iran 🇮🇷 or your days are numbered ! 👇 U.S. pointing fingers again? Wonder whos fingers were up whos arse to point.
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