Insights and Stories on Oil

Volatile oil market most likely to improve says analyst

Jan. 9, 2024 at 3:12 pm CST

As the global oil market continued to ready itself for 2024, one analyst stated it’s more likely prices will increase than to drop further. Phil Flynn of the Price Futures Group in Chicago said one’s outlook on crude oil is predicated on their economic view.

Canada to boost carbon tax rebate for rural areas

Oct. 27, 2023 at 7:28 pm CDT

By Ismail Shakil Nia Williams

crude oil markets after saudi arabia production cut

Extent of Saudi oil production cut unclear

Jun. 6, 2023 at 1:19 pm CDT

By Glen Hallick - MarketsFarm

Oil content of Canada’s canola well below average in 2021

Mar. 16, 2022 at 2:29 pm CDT

By MarketsFarm

World Food Programme starts distributing food in Venezuela

Jul. 7, 2021 at 8:23 pm CDT

By Reuters

U.S. oil industry seeks unusual alliance with Farm Belt against electric vehicle agenda

Jan. 29, 2021 at 3:41 am CST

New York | Reuters — The U.S. oil industry is seeking to forge an alliance with the nation’s corn growers and biofuel producers to lobby against the Biden administration’s push for electric vehicles, but is so far meeting a cool reception, according to multiple sources familiar with the discussions. The […]

By Jarrett Renshaw Stephanie Kelly

Trump administration mulls industry-wide biofuel waiver

Jan. 15, 2021 at 5:43 pm CST

New York | Reuters — The Trump administration is considering requests from the oil refining industry and its backers for a sweeping nationwide waiver to exempt them from their obligations to blend biofuels, a measure they argue would help them weather the economic impact of the coronavirus pandemic. U.S. President […]

By Stephanie Kelly

U.S. Supreme Court agrees to hear biofuel waiver case

Jan. 11, 2021 at 3:28 am CST

Reuters — The U.S. Supreme Court on Friday agreed to review a lower court ruling that severely limited the government’s powers to exempt small refineries from the nation’s biofuels law, rekindling a long-running dispute between the oil and corn industries. The decision came after appeals by refining companies that argued […]

By Reuters

October crush numbers up, canola record set

Nov. 24, 2020 at 6:26 pm CST

MarketsFarm — Canadian oilseed processors crushed a record amount of canola during October 2020, according to the latest data from Statistics Canada. Increases were reported throughout the canola and soybean crushes when comparing this October with October 2019. October 2020 saw 931,060 tonnes of canola crushed, which bested the previous […]

By MarketsFarm Team

Cenovus to get Prairies’ biggest ethanol maker in Husky sale

Oct. 27, 2020 at 6:20 pm CDT

A proposed takeover of Husky Energy by Cenovus Energy is expected to create not only Canada’s third-biggest oil and gas producer but also a new owner for the Prairies’ biggest ethanol business. The two Calgary companies on Sunday announced a friendly all-stock deal which would see Husky shareholders get 0.7845 […]

By Dave Bedard

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