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Crude Oil Collapse To Canadian Energy Sector


Canadian stocks may come under pressure Monday as crude oil prices continue to plummet on renewed expectations that OPEC will ramp up production.

OPEC and Russia will likely end their supply quota plan in the next few months, according to reports. Meanwhile, the U.S. shale boom is accelerating, with drillers adding the most rigs in a signle week since February.

In Canada, Kinder Morgan’sTrans Mountain pipeline may proceed after a BC court dismisses environmental certificate challenges.

Crude oil futures have plunged near $66 a barrel from a 4-year peak near $73.

The TSX Composite Index fell four sessions in a row last week, stung by losses in the energy sector. Otherwise, the market was pretty resilient.

Weakness may tempered today by hopes that the U.S. and North Korea will instate their June 12 meeting in Singapore.

Bombardier (BBDB.TO) says it will build two new luxury aircraft.

Canadian regulators have halted the Corus Media sale of Historia and Series+ channels to Bell Media.

West Jet has averted a pilot strike as the employees agreed to a new contract.

European stocks rose modestly Monday on revived hopes of a U.S.-North Korea summit and the prospect of fresh elections in Italy.

RTT News

52 Comments on "Crude Oil Collapse To Canadian Energy Sector"

  1. MASTERMIND on Tue, 29th May 2018 3:21 pm 


    You shouldn’t have been prepping for a collapse around 2005 because there were no studies that concluded it would happen around the. Limits to growth and numerous others put the collapse around 2030..I am basing my beliefs off of six scholarly studies all authored by top experts..

    Sleepwalking Into The Next Oil Crisis

    According to the German Army leaked study. When the oil shortages hit, Wall street will crash, the public will lose all faith/trust in their institutions, and the global economy and world governments will collapse..

    Scientific American: Apocalypse Soon: Has Civilization Passed the Environmental Point of No Return?

    Inside the new economic science of capitalism’s slow-burn energy collapse (Ahmed, 2017)

    Peer Reviewed Study: Society Could Collapse In A Decade, Predicts Historian (Turchin, 2010)

    NASA Peer Reviewed Study: Industrial Civilization is Headed for Irreversible Collapse (Motesharrei, 2014)

    The Royal Society: Peer Reviewed Study, Now for the First Time A Global Collapse Appears Likely (Ehrlich, 2013)

    Peer Reviewed Study: Limits to Growth was Right. Research Shows We’re Nearing Global Collapse (Turner, 2014)

    Peer Reviewed Study: Financial System Supply-Chain Cross-Contagion: Global Systemic Collapse (Korowicz, 2012)

  2. Davy on Tue, 29th May 2018 3:58 pm 

    Empty links don’t cut it. Give us some verbiage from the articles or you are just demonstrating you have no friggin clue what is going on. Talking about blowing through all your meager savings by generating noise here is pretty stupid too. Grow up and get reall mm. You are still young enough you can start over.

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