Oil prices spiked on Wednesday with U.S. light crude hitting highs not seen since July 2015 after flaws on a significant pipeline dented Canadian deliveries into the United States, where crude inventories were reported to be falling.
Canada’s premier centre for exploring the nature of reality has only taken on its biggest challenge, at least in terms of subject matter.
On Monday, Neil Turok, director of the Perimeter Institute for Theoretical Physics in Waterloo, Ont., declared the institute is establishing a new “Centre for the Universe,” a cosmology-focused research hub which will try to decode the nature and source of … everything.
Oil prices rose on Tuesday as traders looked to a meeting next week where major crude exporters are likely to expand production cuts, however rising U.S. output restricted gains.
Brent crude oil was up 47 cents at $62.69 a barrel at 0932 GMT. U.S. light crude was at $56.7 up 32 cents.
Oil eased on Monday, as traders were reluctant to take on large fresh positions ahead of an OPEC meeting next week, once the exporter group is expected to decide whether to continue output reductions aimed at propping up costs.
Oil and gas investments might have soured for supervisors of the Norwegian autonomous wealth finance but two Canadian funds say they have loads of space for these securities in their portfolios.
In a letter this week, Norway’s central bank urged the Norwegian government to consider divesting gas and oil company stocks held in the $1-trillion (U.S.) oil fund to prevent the danger of permanently lower commodity rates. It did not say why prices could fall.
Oil prices climbed on Friday but stayed en route for their first week of losses in six, as concerns grew over Russia’s support for an extension of the crude output reductions which have bolstered prices lately.
Researchers for the first time have tried editing a gene within the body in a bold effort to permanently change a person’s DNA to attempt and cure a disease.
The experiment has been completed Monday in California on 44-year-old Brian Madeux. Throughout an IV, he obtained countless copies of a corrective gene and a genetic tool to lower his DNA in an exact location.
Oil markets stabilised on Thursday as hopes that OPEC would expand production limits balanced climbing U.S. crude production and stocks.
Brent crude oil was up 20 cents a barrel at $62.07 by 0830 GMT. U.S. light crude was 10 cents higher at $55.43 a barrel.
Oil prices slipped for the fourth day in a row on Wednesday to a gloomy outlook for oil demand growth from the International Energy Agency and worries which information expected later in the day could reveal U.S. output rising, exceeding OPEC cuts.
Whitecap Resources Inc. has struck deal to acquire a controlling interest in a major Saskatchewan petroleum land from Cenovus Energy Inc. for $940-million.
Whitecap agreed Monday to purchase a 62-per-cent bet in the Weyburn carbon-injected oil project, raising its company creation by 14,800 barrels of oil equivalent per day.