Oil

Our guide to Black Friday Weekend deals 2017

Whether you’re planning to do all your Christmas shopping on Black Friday—or just to buy a neat deal or two for yourself—this is the weekend to get organized and tick some items off your holiday shopping list. Deals are everywhere. Here’s a quick checklist of just a few great ones that we s ...

OPEC and Russia Agree on Outline of Output Cut Extension

OPEC and Russia have crafted the outline of a deal to extend their oil production cuts to the end of next year, although both sides are still hammering out crucial details, according to people involved in the conversations.The Organisation of Petroleum Exporting Countries and several non-OPEC nati ...

Has Putin Become OPEC’s Most Influential Player?

For more than half a century, Saudi Arabia’s oil minister could move markets with a few choice words about what OPEC may decide at its next meeting, generating millions if not billions of dollars of profit for insiders.Not anymore. While OPEC’s gatherings still influence prices, it’s not Sau ...

Putin Crowns Himself OPEC King

For more than half a century, Saudi Arabia’s oil minister could move markets with a few choice words about what OPEC may decide at its next meeting, generating millions if not billions of dollars of profit for insiders. Not anymore. While OPEC’s gatherings still influence prices, it’s not Sau ...

Ringgit appeal

Currency traders are pricing in a rate hike by Bank Negara Malaysia (BNM) as early as January next year, and the current wind behind the ringgit could see it strengthening further against the greenback. The local unit closed at a fresh year-high of RM4.11 against the US dollar yesterday, bolstered ...

Commodities Countdown Video Recording 2017-11-23

This weeks Countdown focuses on the strong oil price at $58.60 and the gold price around $1300. There is a real chance that the next two weeks see explosive moves in commodities stocks. The one caveat is that we are watching for some divergence on the daily chart of the $USD. This has not shown up ...

USD limps out of Thanksgiving Holiday ” Wobble Wooble”

USD limps out of Thanksgiving Holiday ” Wobble Wobble.” As to be expected the overnight session was very quiet as is typical with most US Traders off to celebrate Thanksgiving.However, if you were long EURUSD, there was much to be thankful as the single currency continued to gather steam and ee ...

Source Energy Services Announces James McMahon has Entered into an Automatic Securities Disposition Plan

TSX: SHLE CALGARY, Nov. 23, 2017 /CNW/ – Source Energy Services Ltd. (“Source” or the “Company”) announces that James McMahon has entered into an automatic securities disposition plan. Source announced today that James McMahon, a director of the Company has entered into an automatic secur ...

Raise Production Inc. Announces Election of Directors

CALGARY, ALBERTA–(Marketwired – Nov. 23, 2017) – Raise Production Inc. (TSX VENTURE:RPC) (“Raise” or the “Company”) is pleased to announce the results from its 2017 Annual General Meeting. At the meeting, the shareholders approved fixing the number of directors at six; elected the fo ...

Pieridae Energy Limited: Sproule Update on Bourque

A Best Estimate of 827 Million Barrels of Total Petroleum Initially-In-Place CALGARY, ALBERTA–(Marketwired – Nov. 23, 2017) – THIS PRESS RELEASE MUST NOT BE SENT TO U.S. NEWSWIRES OR DISTRIBUTED IN THE U.S. Pieridae Energy Limited (TSX VENTURE:PEA) (“Pieridae” or the “Company“) is pl ...