By Musabbir Mazhar Canadian Oil Sands located in 3 locations: The Athabasca, Cold Lake and Peace River Oil Sands. The product extracted from oil sands is bitumen which must be converted to Synthetic Crude Oil (SCO) or mixed with a diluent (which is expensive) so it can be transported via pipeline. Generally, bitumen produced In […]
Tag Archives: brent
CAD dollar weaker; market update: 2nd Jan 2014
By Musabbir Mazhar The CAD/USD exchange rate was at 0.9384, up 9 basis points – The currency pair was stable at the close on Thursday. As the number for initial US jobless claims for the week ending December 27 dropped by 2000 to 339,000 – the demand for the US dollar strengthened. China’s manufacturing data […]
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