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Trump's tariff plan angers many? US oil industry warns: rbob gasoline costs rise exacerbating consumer burden
① President-elect Trump of the usa threatens to impose a 25% tariff on products from Mexico and Canada, causing concerns in the oil rbob gasoline industry; ② U.S. refineries highly rely on crude oil imports. The American Petroleum Institute warns that tariffs will raise refining costs and gasoline prices, exacerbating consumer burden; ③ Analysts believe the likelihood of Trump implementing the tariff plan is small.
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Moomoo News Canada

Jul 4 03:10

Columns Trans Mountain Seen Boosting Canadian Oil Prices: Potential Beneficiaries Among Oil Stocks and ETFs

U.S. West Coast refiners are replacing their heavy Iraqi oil imports with cheaper crude from Canada as the newly expanded Trans Mountain pipeline reshuffles trade flows across the Pacific.
California and Washington are set to import about 150,000 barrels a day of Canadian crude by tanker in June — a seven-fold increase from average volumes, according to preliminary Vortexa data.
Refiners in the US ...

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Moomoo News Canada

Jun 25 08:52

Columns 2024 Half-Year Recap | 10 Dividend-Monster Stocks in Canadian Market

Statistics Canada released the inflation report for May on Wednesday, showing a surprising uptick in the country's yearly inflation rate to 2.9% for the month, exceeding the forecasted figure of 2.7%. This development might shake the market's anticipation of a rate cut coming in July. Nonetheless, the data aligns with the Bank of Canada's target range for inflation control, set at 1%-3%. Before the report's release, market conse...

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AI beater

May 10 16:03

Columns Opportunities in Canadian Oil and Gas

From the point of view of globalization and comparative advantages, there exist considerable opportunites in the natural resource sector of Canada. Among others, oil and gas is an important natural resource sector.
As Canada is named as a major oil and gas producing company by our PM (video), the bullish side of the oil and gas sector is further enhanced by the recent completion of trans-moutain pipeline expansion project and the major progress of the LNG Can...

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Luzi Ann Santos

May 10 13:26

Columns Canadian Stocks Slip, Amid Declining Oil Price, Dragging Producers Lower

Canadian stocks fell as lower oil prices dragged down the shares of producers of the commodity amid concerns supply could outpace demand.
The $S&P/TSX Composite Index (.SPTSX.CA)$ fell 0.3% to 22,313.93 at 2:08 p.m. in Toronto. The blue chip $S&P/TSX 60 Index (.TX60.CA)$ slid 0.3% to 1336.39.
Decliners outnumbered gainers 796-671, according to data compiled by moomoo. Oil & Gas sector slipped 0.8%, weighing down the index. Sof...

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Luzi Ann Santos

Apr 22 13:51

Columns Canada's Stocks Gained as Oil and Gas, Software, Banks Rally

Canada's stocks advanced amid a rally in oil & gas, banks, software, transportation and telecommunication services.
The $S&P/TSX Composite Index (.SPTSX.CA)$ gained 0.3% to close at 21,871.96, while the blue-chip $S&P/TSX 60 Index (.TX60.CA)$ rose 0.45% to 1,313.41.
About 724 stocks advanced, while 1,39 declined, data tracked by moomoo showed. $Suncor Energy Inc (SU.CA)$ and $Cenovus Energy Inc (CVE.CA)$ were among the biggest gainers in t...

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