TD Securities strategists expect the Bank of Canada (BoC) to hold its policy rate at 2.25% through 2026 before returning to a 2.75% neutral level in 2027 via 25 bp hikes in January and March. They see higher Oil prices from US–Iran tensions as an inflation shock but argue
Odfjell Technology has secured a platform drilling contract from EnQuest, an oil and gas company operating in the UK North Sea, for work on the Magnus platform. The three-year contract is set to begin in the third quarter of 2026 (Q3 2026) and includes two optional one-yea
When lawmakers propose solutions to complex economic problems, the first requirement should be a clear understanding of how those problems actually work. A recent Facebook post by Bernie Sanders comparing today’s oil and gasoline prices to those in 2011 suggests that oil c
Societe Generale’s Kenneth Broux notes Brent is up 4%, trading near $105.2, after carving out an interim low around $96 and repeatedly defending its 50-day moving average. The analysts see the earlier peak at $115 as a key hurdle, with a break higher opening further upside
Woodside Energy estimates the Browse to North West Shelf project could add $102 billion to Australia’s GDP and $106 billion to Western Australia’s economy. Woodside Energy’s Browse to North West Shelf project is projected to deliver a $102 billion uplift to Australia’s GDP
Saudi Aramco reports a 25% year-on-year rise in Q1 2026 net income, driven by tighter oil supplies and strong operational performance. Saudi Aramco posted a 25% increase in Q1 2026 net income to $33.6bn, up from $26.6bn a year earlier, as global oil supply constraints supp
Oil prices climb after US rejects Iran’s peace proposal, dimming hopes for a swift reopening of the critical shipping route. West Texas Intermediate crude oil breached $96.00 per barrel Monday, extending a $4 rally from Friday’s close near $91.75 to $95.70. The move follow
Analysts warn the Strait of Hormuz's reopening will release two waves of constrained crude into tightening global inventories over weeks. Reopening the Strait of Hormuz will unleash a staggered double supply shock as both shipping-constrained and OPEC+-restrained crude bar
April vehicle sales in China fell to 1.4 million units, the lowest since 2022, as gasoline car demand collapsed amid high fuel prices. China’s car sales declined 21.5% in April to 1.4 million units, the lowest level since 2022, as demand for gasoline-powered vehicles weake
Narendra Modi urges citizens to reduce fuel, gold, and fertilizer use to curb India’s $174.9 billion annual oil import bill. Indian Prime Minister Narendra Modi asked citizens to conserve fuel, work from home, and limit travel to reduce foreign exchange outflows. The appea