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Canada crude imports from US nearly double year-on-year CALGARY: Canada almost doubled imports of crude oil from the United States in April compared with the same month a year earlier, Statistics Canada data showed on Wednesday, as the US light oil boom continued to displace barrels from overseas.Crude exports are restricted in the United States under decades-old legislation, but companies are allowed to apply for licenses to sell oil to Canada.Canada imported around 8.1 million barrels in April, or around 270,000 barrels per day, from the United States, a 95 percent increase on the 4.2 million barrels imported in April 2013.It was a 4 percent increase from March 2014, when Canada brought in around 7.8 million barrels of crude from its southern neighbour.In total, Canada imported 17.5 million barrels, or roughly 583,000 barrels per day, from around the world in April, with the United States as top supplier followed by Iraq.All 2.26 million barrels, or 75,000 bpd, of ...

Oil prices dip on mixed economic data NEW YORK: Oil prices on Monday finished lower on mixed economic data and signs of higher crude output from members of the Organization of Petroleum Exporting Countries (OPEC).US benchmark West Texas Intermediate for July delivery declined 24 cents to $102.47 a barrel on the New York Mercantile Exchange. European benchmark Brent oil for delivery in July shed 58 cents to $108.83 in London on the Intercontinental Exchange.Weak data from the eurozone weighed on sentiment. A ...
Brent, US crude slip on dollar strength, ample supply NEW YORK: Brent and U.S. crude oil futures fell in choppy trading on Monday, weighed on by a stronger dollar and recent data showing rising OPEC oil production.Brent July crude was down 28 cents at $109.13 a barrel at 11:11 a.m. EDT (1511 GMT), after earlier reaching $109.87.U.S. July crude, also known by its West Texas Intermediate (WTI) benchmark, erased gains to fall 21 cents to $102.50 a barrel after ending last week down 1.6 ...
Crude oil prices droop NEW YORK: Oil prices fell on Friday as traders took a breather after recent gains, but signs of stronger US gasoline demand and smoldering tensions in Ukraine provided support, according to analysts.The US benchmark, West Texas Intermediate (WTI) for delivery in July, shed 87 cents to $102.71 a barrel compared with Thursday's close.Brent North Sea crude for July fell 56 cents to stand at $109.41 a barrel in London deals.The US Department of Energy's weekly ...
US oil falls $1 at month's end, remains range bound NEW YORK: US crude fell more than $1 a barrel on Friday as traders took profit at the end of the month, but remained in the middle of a month-long trading range underpinned by supply worries and strong gasoline demand in the United States, the world's top oil consumer. Brent also fell in range bound trade, but was supported by energy supply concerns as fighting continued in eastern Ukraine. Kiev's defense minister promised to push ...
In Mexico, oil reform clashes with World Cup craze MEXICO CITY: Can Mexicans keep their eyes on the political football during the World Cup?While millions will be watching Mexico'sstar striker Javier "Chicharito" Hernandez and company take on Brazil in less than three weeks, lawmakers will be tackling a controversial energy bill.The clash of calendars has sparked a political storm, with opponents of the legislation crying foul.The leftist opposition is accusing the ruling Institutional Revolutionary Party (PRI) of "political opportunism" by seizing on the public's ...
Oil prices drop on expected rise in US inventories NEW YORK: Oil prices fell Wednesday on the eve of US stockpiles data, with most traders forecasting a rise in supplies in the world's largest consumer of crude oil. The US benchmark, West Texas Intermediate for delivery in July, dropped $1.39 to close at $102.72 a barrel on the New York Mercantile Exchange. Brent North Sea crude for July settled at $109.81 a barrel, down 22 cents from Tuesday's close, in London. The New York ...


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