Price changes for Thursday, June 3rd, 2021
Gas and Oil
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3y ago
  Hi to all,   Here’s what I have for this week’s price changes:   *Heating, stove oil and Diesel all show an increase of 1.8 cents a litre. *Gasoline shows an increase of 2.3 cents a litre.   Market highlights   OPEC leaves production untouched OPEC and OPEC+ members met in Vienna, Austria today to discuss any changes in market conditions that would have led to changes in production, but all members agreed to leave in place added production to the markets that started at the beginning of May.      Members also agreed to maintain levels agreed to in ..read more
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Price changes for Thursday, May 27th, 2021
Gas and Oil
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3y ago
  Hi to all,   Here’s what I have for this week’s price changes:   *Heating and stove oils to drop by 1.5 cents a litre. *Diesel shows a drop of 1.8 cents a litre, and... *Gasoline shows a drop of two cents a litre.     Market highlights   OPEC+ overdoes it While OPEC and OPEC+ made the decision to add more crude oil to the markets starting in May, speculators bet that tight compliancy would reign in any possibility of members breaking quotas.       Now comes word that OPEC+ members have done exactly that-break quotas by a million barrels ..read more
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Price changes for Thursday, May 20th, 2021
Gas and Oil
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3y ago
  Hi to all,   Here’s what I have for this week’s price changes:   *Heating and stove oil to increase by 7/10ths of a cent a litre. *Diesel to increase by 8/10ths of a cent a litre, and... *Gasoline to drop by 2/10ths of a cent a litre.   Market highlights   International Energy Agency releases report The International Energy Agency (IEA) has released a major report on the direction the world needs to follow in order to address net zero by 2050.      The report calls for the end of use of coal as an energy source and states that countries have a lon ..read more
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Price changes for Thursday, May 13th, 2021
Gas and Oil
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3y ago
  Hi to all,   Here’s what I have for this week’s price changes, all data in:   *Heating and stove oils show an increase of 1.4 cents a litre. *Diesel shows an increase of 1.6 cents a litre, and... *Gasoline shows an increase of 4/10ths of a cent a litre.   Market highlights   OPEC+ adds oil OPEC+ started to add more oil to the world markets May 1st, but all indicators seem to point to some OPEC members getting a head start on adding oil with OPEC member Iran adding almost 200,000 barrels a day as early as April.       Saudi Arabia was due to a ..read more
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Price changes for Thursday, May 6th, 2021
Gas and Oil
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3y ago
 Hi to all, Here’s what I have for this Thursday’s price changes:   *Heating and stove oil to increase by 1.7 cents a litre. *Diesel shows an increase of 1.6 cents a litre, and... *Gasoline shows an increase of 2.9 cents a litre.   Market highlights   Oil prices rise Oil prices hit new highs since the start of the pandemic as jet fuel use has increased and vaccinations progress worldwide, a strong indicator of increased demand.     There is some expectation out there calling for oil prices to hit $80 US by the end of the third quarter this year as more trave ..read more
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Price changes for Thursday, April 29th, 2021
Gas and Oil
by
3y ago
  Hi to all,   Here’s what I have for this week’s price changes:   *Heating oil, stove oil and Diesel all show a drop of 8/10ths of a cent a litre, and... *Gasoline shows a drop of two cents a litre.   Market highlights   OPEC+ meeting cancelled OPEC+ decided to cancel their next meeting on the 28th as the Joint Technical Committee met ahead of the meeting to discuss the potential for cancelling any additions to oil production by the group.      An announcement by the group earlier today did not see any potential drop in demand as affecting its poli ..read more
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Price changes for Thursday, April 22, 2021
Gas and Oil
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3y ago
  Hi to all,   Here’s what I have for this week’s price changes:   *Heating and stove oil to increase by 2.6 cents a litre. *Diesel to increase by 2.8 cents a litre, and... *Gasoline to increase by 2.5 cents a litre.   Market highlights   Happy anniversary It was one year ago yesterday that a record low price for West Texas Intermediate was recorded as the demand for oil crushed demand and prices for WTI went negative.      Contractors and speculators couldn’t get rid of oil bought under contracts before the month end and storage fell sharply as cov ..read more
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Price changes for Thursday, April 15th, 2021
Gas and Oil
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3y ago
Hi to all,   Here’s what I have for this week’s price changes:   *Heating and stove oil shows no change to prices. *Diesel shows an increase of 2/10ths of a cent, and... *Gasoline shows a drop of a penny a litre.   Market highlights   Oxford Institute for Energy Studies: No oil supercycle The Oxford Institute has come out saying not to expect an oil supercycle of prices ranging to $100 a barrel.      The energy studies organisation joins with the International Energy Agency in it’s thinking that lower demand with a slower than expected economic recovery ..read more
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Price changes for Thursday, April 8th, 2021
Gas and Oil
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3y ago
  Hi to all,   Here’s what I have for this week’s price changes:   *Heating and stove oil to increase by 3/10ths of a cent a litre. *Diesel shows an increase of 2/10ths of a cent, and... *Gasoline shows an increase of just 6/10ths of a cent a litre.   Market highlights   OPEC+ agrees to output increases OPEC and other producing nations agreed to increases in production with the easing of cuts at the last meeting of OPEC and OPEC+ countries.       Together, both groups will boost production by almost 600,000 barrels a day starting in May month ..read more
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Price changes for Thursday, April 1st, 2021
Gas and Oil
by
3y ago
  Hi to all,   Here’s what I have for this week’s price changes:   *Heating, stove oil and Diesel all show a drop of 3/10ths of a cent a litre. *Gasoline shows an increase of 3.4 cents a litre. This includes the addition of 2.2 cents in carbon taxes for implementation April 1st.   Nova Scotia: So far, looks like 1.1 cents a litre. New Brunswick: 1.1 plus your carbon tax of 2.2 cents a litre.   Market highlights   Ever Given the “ever giver” It’s probably the first time I have heard of one ship having an effect on oil prices like it did, not to be outdone of course ..read more
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