Top economist says Iran war could trigger an economic ‘butterfly effect’—and keep inflation elevated for years
In the 1993 blockbuster film Jurassic Park, Jeff Goldblum’s character, Dr. Ian Malcolm, explains chaos theory—commonly known as…
Canada will ‘do its part’ to help IEA release of oil reserves: Hodgson
OTTAWA — Natural Resources Minister Tim Hodgson said Wednesday Canada will “do its part” to lower the cost…
USO Is Up 64% This Year and Still Losing the Long Game
U.S. Oil Fund (USO) is up 64% year-to-date but returned only 39% over the past decade. ProShares (UCO),…
Oil shock stirs inflation fears but Bank of Canada seen staying put
Outside gasoline, “oil prices must remain elevated for months rather than days or weeks to cascade through supply…
Oil Shock Lifts EIA Price Outlook as Hormuz Crisis Reshapes Forecast
The U.S. Energy Information Administration sharply revised its oil price outlook in its latest Short-Term Energy Outlook (STEO)…
Aramco Warns of Catastrophic Consequences from Hormuz Crisis
The oil market would experience “catastrophic consequences” if the halt to Strait of Hormuz tanker traffic continues, according…
Oil Shock Spreads Through Global Economy
Brent crude and WTI are once again above $100 and likely to stay there longer than those involved…
Oil Prices Tumble After Trump Signals Iran War Could End Soon
Oil prices tumbled in early Asian trade on Tuesday after surging to their highest levels since 2022 a…
The Chokepoint Economy: What Happens When Everything Breaks at Once
I want to talk about the thing nobody in Washington seems willing to say out loud, which is…
Oil price spikes will hit Canadians ‘throughout our economy,’ experts say – National
Soaring oil prices from the Iran war will hit Canadians “throughout our economy,” experts say. “The spike in…
G7 Nations Delay Strategic Oil Reserve Release Decision
Finance ministers from the Group of Seven (G7) countries reached a broad agreement on Monday to hold off…
US stocks trim a big early drop as Wall Street remains twitchy after oil spikes to nearly $120
NEW YORK (AP) — Stock markets worldwide are sinking on worries about whether the global economy can withstand…