The U.S. consumes roughly 20 million barrels of oil per day. Even the most aggressive release, like in 2022, amounts to only a few weeks of supply. … READ MORE >
oil prices
February CPI report: Beware the Ides of March
Investors should anticipate rising inflation in March as the impact of the war in the Middle East and surging energy prices is felt in the economy. … READ MORE >
Market Minute: War, oil and inflation swaps
With oil exceeding $100 a barrel over the weekend, it won’t be until the March CPI report is released in April that the impact of the conflict will become clear. … READ MORE >
Market Minute: Global financial conditions, one week into the Iran war
With the Strait of Hormuz effectively closed, the current shock is a problem of supply for the oil and natural gas that are critical to the global industrial base. … READ MORE >
Economic implications of war in Middle East
In today’s American economy, spikes in oil prices do not present significant downside risk to top-line economic growth or inflation that they did a half century ago. … READ MORE >
Attack on Iran puts focus on energy markets
The primary focus across markets will be on the 20% of global petroleum and liquified natural gas that flows through Strait of Hormuz daily and the price of Brent crude, which stood at $72.87 per barrel on Friday. … READ MORE >
Market Minute: Volatility grips oil markets as tensions rise
As tensions escalate in the Middle East, volatility has gripped oil markets after a period of a growing global surplus. … READ MORE >
Market Minute: OPEC blinks as it plans to pause production increases
Facing the rising risk of a growing global oil glut, OPEC blinked, announcing on Sunday that it would pause a planned increase in oil production next year. … READ MORE >
Bank of Canada cuts interest rate to 2.5% amid economic, labour challenges
The Bank of Canada cut its key interest rate to 2.5 per cent as a slowing economy and rising unemployment likely contributed to the unexpected policy action. … READ MORE >
Market Minute: U.S. oil producers facing headwinds as global supply grows
The futures prices of the benchmark West Texas Intermediate have fallen below $61 per barrel over the next 12 months on news that OPEC+ intends to increase production. … READ MORE >