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2016-03-10 18:55:00

CANADA WILL LOSE

CANADA WILL LOSE

Persistence of low crude oil prices through 2021 would hurt more than help the Canadian economy by constricting oil-producing and affiliated industries, finds a study by the Canadian Energy Research Institute.

"The regional differences suggest that some provinces will hurt and some will benefit from lower crude prices, but on the national level Canadian economic growth will suffer as a result of low crude prices," says the study by Dinara Millington.

The study models economic effects of a reference case assuming a West Texas Intermediate crude price rising from $53.25 (US)/bbl in 2015 to $72.88/bbl in 2021 and…

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Tags: OIL, PRICE, CANADA

Chronicle:

CANADA WILL LOSE
2019, March, 22, 10:20:00

U.S. OIL INVENTORIES DOWN 9.6 MB

US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.

CANADA WILL LOSE
2019, March, 22, 10:15:00

SAUDI'S OIL WILL DOWN

Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.

CANADA WILL LOSE
2019, March, 22, 10:10:00

BRITAIN NEED INVESTMENT $265 BLN

Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).

CANADA WILL LOSE
2019, March, 22, 10:05:00

U.S. FEDERAL FUNDS RATE 2.25-2.5%

U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.

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