Mar 09 2018
It is forecasting crude-by-rail exports from Canada will grow from 150,000 barrels a day (BPD) in late 2017 to 250,000 BPD in 2018 and to 390,000 BPD in 2019, Kallanish Energy reports.
U.S. crude oil output is set to top 11 million barrels per day this year, making it the world's largest producer and threatening to offset the boost to prices from reduced supply from rivals within OPEC.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $62.13 a barrel, down 47 cents, or 0.75 percent.
Oil prices lost more ground in the wake of the latest Energy Information Administration data Wednesday, which revealed a second straight weekly rise in USA crude supplies.
Oil prices edge up on weak dollar ahead of US inventory data
A voice for Wall Street in the White House, Cohn's resignation came after he lost a fight over Trump's plans for hefty steel and aluminium import tariffs.
Dated Forties and Oseberg crude BFO- , a physical price for two Brent grades, ended last week at $64.77 a barrel, just $1.74 above the physical WTI Houston price of $63.03, as assessed by price reporting agency Argus.
That will most likely require rising shale oil output, a levelling out of USA refinery demand and ongoing OPEC curbs to keep prices other than WTI at elevated levels.
Oil has recently tended to move in tandem with the equity market.
The prospect of the Organization of the Petroleum Exporting Countries and non-member producers, including Russian Federation, maintaining crude output cuts in the face of a boom in US shale production helped lift Brent back above $65 a barrel this week. Traders said this news may be an indication that the Trump Administration is not as serious as suspected about implementing the tariffs. Oil imports in Asia are expected to grow by 3.5 million barrels a day through 2023. The administration is considering clamping down on Chinese investments in the US and imposing tariffs on a broad range of imports to punish Beijing for its alleged theft of intellectual property, according to people familiar with the matter.
"The smaller-than-expected inventory build led to swift short covering".
Microsoft Confirms Windows 10 "S Mode"
Chrome OS and Chromebooks proved popular in the education market, both because of the comparatively low price and ease of use. Microsoft is as well planning to introduce the S Mode for Windows 10 Home, Enterprise and the Pro versions of the OS.
Serena Williams has "high expectations" for Indian Wells
The competition was won by Ukraine's Elina Svitolina, who beat Shuai Zhang of China 10-3 in the final. The 23-time Grand Slam victor will face Kazakhstan's Zarina Diyas in the first night match (10 p.m.
High of 48 with strong winds in Longmont today
The winter weather is expected to continue on Tuesday , with a chance of precipitation throughout the day . Before a mix of snow and rain comes to the area on Tuesday , we can expect a couple of pleasant days.
Mar 09 2018
President Trump coming to California, White House confirms
This will be Trump's first visit to the Golden State. "I don't think the president is going to be easily deterred", said Sen. Appearing on the TODAY show this morning, Bishop argued import tariffs could spark a trade war in which "everyone loses".
Mar 08 2018
Every Oculus Rift VR headset bricked due to expired certificate
Issues were first reported several hours ago on Reddit , where a post on the topic has already garnered hundreds of comments. If an expired certificate is the cause of the errors, Oculus will likely have to issue a patch in order to fix the problems.
Mar 08 2018
James Milner: Liverpool must take pressure off Mohamed Salah
It was clear if it's possible that we give him (leading scorer and Golden Boot award candidate Mo Salah ) the last 20. The tie was virtually already settled after the first leg as the Reds romped to a 5-0 win in Portugal last month.
Mar 07 2018
Deployment of the Hispasat 30W-6 satellite from the Falcon 9 rocket
Tonight, the company is tasked with sending up a hefty communications satellite for operator Hispasat , called Hispasat 30W-6. The satellite will use its own propulsion system to circularize the orbit at an altitude of 22,000 miles above the equator.
Mar 07 2018
Geneva Motor Show: BMW reveals M8 Grand Coupe Concept
BMW has just unveiled the new M8 Concept Gran Coupe and the first videos of the powerful foor-door coupe are now available. "The BMW Concept M8 Gran Coupe offers a look ahead to the most exotic and alluring variant of the new BMW 8 Series ".
Mar 06 2018
Guillermo del Toro wins Best Director Oscar for 'The Shape of Water'
McDormand continued: "Look around ladies and gentlemen, because we all have stories to tell and projects we need financed". Disgraced mogul Weinstein has been accused of sexual harassment and assault by scores of actresses.
Mar 05 2018
Kell Brook claims comeback win over Sergey Rabchenko
Brook is under pressure to perform, here we break down the fight and explain why the Brit could come unstuck against Rabchenko. Those injuries are a major concerns considering Spence Jr targeted Brook's right eye last May, before breaking the left one.
Mar 04 2018
Global oil prices projected to be stable in 2018: OPEC
This effort was undertaken to handle the oversupply of oil that has caused the global oil prices to plummet since 2014. Producers are sticking to the cuts and an involuntary drop in Venezuelan output has further boosted compliance.
Mar 04 2018
Avalanche at California ski resort leaves 2 injured
In a video of the rescue effort, people can be seen digging with their hands and with shovels in an effort to help the man. Around 11:50 a.m. rescuers found that three people had been partially buried, but were able to free themselves.
Mar 04 2018
Gazprom seeks to halt Ukraine gas contracts as dispute escalates
We expect that Gazprom will supply gas via a transit pipeline in Ukraine according to the decision of the Stockholm arbitration. The arbitrators ground their decision by the fact that the situation with the Ukrainian economy has drastically worsened.
Mar 09 2018S Korea's Moon says sanctions stay, too early to be optimistic
Mar 08 2018Dwyane Wade visits students at Marjory Stoneman Douglas High
Mar 08 2018ISIS-loving teen tries to bomb own high school
Mar 08 2018Stormy Daniels Sues Trump, Claims He Never Actually Signed Their "Hush Agreement"
Mar 08 2018South African triathlete Mhlengi Gwala attacked with a chainsaw
Mar 07 2018Apple eyes high-end headphone market
Mar 06 2018US Aircraft Carrier to Visit Vietnam
Mar 06 2018The Best Fashion Moments From The 90th Academy Awards
Mar 05 2018Four more arrested in PNB fraud
Mar 04 2018Woods to play at Valspar Championship, Arnold Palmer Invitational
Mar 08 2018Nintendo Direct tomorrow, will showcase Switch and 3DS games
Mar 08 2018Kate Middleton and Prince William: the royal couples best looks
Mar 08 2018Seahawks trade Bennett to Eagles
Mar 08 2018Another Clinton, Mo officer shot to death while on duty
Mar 08 2018Athlon Sports' 2018 NFL Draft Guide Magazine is Available Now
Mar 07 2018'Icarus' Doping Movie Wins Best Documentary at Oscars
Mar 07 2018Washington State Tells Ajit Pai to Suck It
Mar 06 2018Modi's nationalist party notches win in key Indian state
Mar 05 2018NiMo gets United States shield for now
Mar 05 2018Sharma holds onto lead at WGC Mexico
Mar 04 2018Chinese, US senior officials highlight cooperation to settle trade disputes
Mar 04 2018World''s most sophisticated weather satellite to launch shortly