A view of the straight of Hormuz and Persian Gulf region.  Photo: Getty Images Plus

Crude price may have topped says analyst

Any chance of crude oil prices skyrocketing higher became less likely on March 9, said Phil Flynn, senior market analyst at the Price Futures Group in Chicago. Flynn based that on the assumption that Iran’s military capabilities are declining quickly.




Brent November 2023 crude oil with 20-day moving average (black line) and West Texas intermediate November 2023 crude oil (blue line). (Barchart)

Will oil hit US$100? It already did in some markets

Saudi Arabia, Russia 'in solid control'

London | Reuters –– With oil investors and traders focused on an oil-price rally that has come close to US$100 a barrel, some grades of crude oil are already trading above that milestone, highlighting an expectation of tight supply. The outright price of Nigerian crude Qua Iboe surpassed $100 a barrel on Monday, according to […] Read more

(Petro-Canada.ca)

Suncor to keep its Petro-Canada retail fuel business

Reuters — Suncor Energy on Tuesday said it will retain its Petro-Canada gas station retail business following a review the company initiated earlier this year under pressure from activist investor Elliott Investment Management. Suncor replaced its CEO in July and agreed to review its retail fuel unit by the end of this year after Elliott […] Read more

Propane is used to dry grain on farms across Canada.

Farm scale viability of fossil fuel alternatives questioned

Testimony continues on whether farmers should be exempt from carbon pricing on more fuels

Glacier FarmMedia – The chief executive officer of the Agri-Food Innovation Council (AIC) has said the technology to replace fossil fuels with alternative sources isn’t yet scalable. Serge Buy told the standing committee on agriculture recently that examples of farmers using biomass to dry grain are just that, and only larger farms with bigger, healthier […] Read more


File photo of tea plantations in Sri Lanka. (Dmitrii Anikin/iStock/Getty Images)

Rajapaksa dynasty draws to humiliating close in Sri Lanka

Food shortages, fertilizer ban among flashpoints

Colombo | Reuters — The Rajapaksa dynasty dominated Sri Lankan politics until April when street protests against fuel and food shortages began to slip out of control. President Gotabaya Rajapaksa fled the country early on Wednesday, leaving no one from the once-illustrious family in a position of power. The president vowed last month to stay […] Read more

(Dave Bedard photo)

‘Petro-plectic’ anger rises toward fuel prices

Fuel refiners seen booking 'epic' revenues

MarketsFarm — Fuel prices are very likely to continue to increase with summer approaching, according to Tom Kloza, the Florida-based global head of energy analysis for Oil Price Information Services. “I wish I could say there’s a light at the end of the tunnel, but I would say right now, it’s just a flicker,” he […] Read more