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Oil extended gains as markets priced the supply impact of recently announced sanctions against Russia's energy market. Oil prices jump to 5-month high over increasing worries of supply crunch ...
On February 2, 2025, Canadian company Irving Oil released a statement, noting, “The majority of the product produced at our Saint John refinery is bound for the U.S. market… This tariff will result in price increases for our U.S. customers and have impacts on energy security and the broader economy.” [ 67 ] During his campaign, Trump ...
The Irving Oil Refinery is a Canadian oil refinery located in Saint John, New Brunswick. It is currently the largest oil refinery in Canada, capable of processing more than 320,000 barrels (51,000 m 3 ) of crude oil per day. [ 2 ]
As of 2009, Syncrude and Irving Oil were leaders in the Canadian industry, with Syncrude being the top producer of oil sands crude and Irving Oil operating the largest oil refinery in the country. [5] Canadian oil company profits quickly recovered following the 2008 financial crisis; In 2009 they were down 90% but in 2010 they reached $8.4 billion.
The federal government's EIA report revealed that crude inventories rose by 2.4 million barrels, compared to the 190,000 barrels drawdown that energy analysts had expected. Key Reasons Why U.S ...
Oil derivatives like gasoline and jet fuel have been on the rise, too. On Thursday, Delta was the latest airline to warn of lower profits due to higher maintenance cost and jet fuel prices.The ...
The Bloomberg Commodity Index (BCOM) is a broadly diversified commodity price index distributed by Bloomberg Index Services Limited. The index was originally launched in 1998 as the Dow Jones-AIG Commodity Index ( DJ-AIGCI ) and renamed to Dow Jones-UBS Commodity Index ( DJ-UBSCI ) in 2009, when UBS acquired the index from AIG .
Vaughan Nelson Investment Management CEO, CIO and Senior Portfolio Manager Chris Wallis joins Yahoo Finance Live to discuss the latest market action. Biggest threat to the market is oil prices ...