Global markets

Reading Time: < 1 minute By Commodity News Service Canada WINNIPEG, February 22 – The following is a glance at the news moving markets globally. ENERGY ASSOCIATION EXPECTS OIL MARKET TO REBALANCE IN 2017 The International Energy Association (IEA) expects the global oil market to start stabilizing in 2017, according to reports on Monday. The IEA said output and demand […] Read more

Reading Time: < 1 minute By Commodity News Service Canada WINNIPEG, February 19 – The following is a glance at the news moving markets globally. INDIA’S CRUDE IMPORTS FROM SAUDI ARABIA, IRAQ REACH 10-YEAR HIGH India’s oil imports from Saudi Arabia and Iraq hit the highest in more than a decade in January, according to reports on Friday. Saudi Arabia […] Read more

Reading Time: < 1 minute By Commodity News Service Canada WINNIPEG, February 18 – The following is a glance at the news moving markets globally. US JOBLESS CLAIMS MOVE LOWER MID-FEBRUARY US jobless claims for the week ended February 13 fell by 7,000 to a seasonally adjusted 262,000, according to the country’s labour department on Thursday. The figure came in […] Read more

Reading Time: < 1 minute By Commodity News Service Canada WINNIPEG, February 17 The Canadian dollar was stronger against its US counterpart on Wednesday as crude oil futures gained ground. At 8:42 a.m. CST the Canadian dollar was at US$0.7252 or C$1.3789 which compares with Tuesday’s North American close of US$0.7204, or C$1.3881. At 8:42 a.m., New York Mercantile crude […] Read more

Reading Time: < 1 minute By Commodity News Service Canada WINNIPEG, February 17 – The following is a glance at the news moving markets globally. IRAN OPPOSES FREEZING OIL PRODUCTION Iran’s oil minister has said the country will resist the proposed ceiling to crude oil production, according to reports on Wednesday. Iran’s oil minister has been speaking with officials from […] Read more

Reading Time: < 1 minute By Commodity News Service Canada WINNIPEG, February 16 – The following is a glance at the news moving markets globally. RUSSIA, SAUDI ARABIA AGREE TO OIL CAP – IF OTHERS DO TOO Russia and Saudi Arabia have agreed to freeze oil production, but only if other producing countries will do the same, according to reports […] Read more

Reading Time: < 1 minute By Commodity News Service Canada WINNIPEG, February 12 – The following is a glance at the news moving markets globally. EURO ZONE’S ECONOMY EDGES UP AT END OF 2015 The euro zone’s economy ended 2015 with more of a ‘meh’ than a bang, with quarterly growth in the last three months of 2015 coming in […] Read more

Reading Time: < 1 minute By Commodity News Service Canada WINNIPEG, February 11 – The following is a glance at the news moving markets globally. US JOBLESS CLAIMS DROP US initial jobless claims for the week ended February 6 fell 16,000 to a seasonally adjusted 269,000, according to the country’s labour department. Figures less than 300,000 indicate a healthy labour […] Read more

Reading Time: < 1 minute By Commodity News Service Canada WINNIPEG, February 10 – The following is a glance at the news moving markets globally. RUSSIA BANS CORN, SOYBEAN IMPORTS FROM US Russia will be introducing a ban on corn and soybean imports starting on February 15, according to reports out of the country. Concern about GMO products, and the […] Read more

Reading Time: < 1 minute By Commodity News Service Canada WINNIPEG, February 9 – The following is a glance at the news moving markets globally. INTERNATIONAL ENERGY ASSOCIATION EXPECTS GLUT TO GROW The International Energy Association (IEA) expects supplies of crude oil to increase throughout 2016, according to reports on Tuesday. The IEA expects oil producing countries will not be […] Read more