Energy news

(CEP News) Frankfurt - With oil prices continuing to fall back from their record highs reached earlier this year, a majority of economists expect German producer price growth to slowed further in October. Ahead of the Federal Statistical Office (Destatis)'s data release on Thursday, the median consensus is calling for producer price inflation to slow to 7.2% year-over-year, down from September's 8…

Falling oil prices paired with increased demands for the U.S. dollar continues to favor a bullish outlook for the USDCAD, and we may see the pair work...

(CEP News) - The average price of gas Canadians paid at the pumps last week continued to fall for the ninth consecutive week, with prices down on average another 3.3 cents in the week ending Nov. 18, according to MJ Ervin & Associates.

(CEP News) - As retail gas prices fall, U.S. drivers continue to stay off the road. According to data released Wednesday from the Energy Information Administration (EIA), gasoline demand fell 2.2% year-over-year in the week ending Nov. 14.

(CEP News) Frankfurt - With oil prices continuing to fall back from their record highs reached earlier this year, a majority of economists expect German producer price growth to slowed further in October. Ahead of the Federal Statistical Office (Destatis)'s data release on Thursday, the median consensus is calling for producer price inflation to slow to 7.2% year-over-year, down from September's 8…

(CEP News) - Some key U.S. inflation and housing reports will dominate the economic data of the day along with Canadians securities transactions and the U.S. Department of Energy's weekly oil inventories. However, central bankers will also garner attention as markets receive comments from Bank of Canada governor Mark Carney in the morning, along with various Fed and Bank of England speakers throug…

Inflation in the U.S. is expected to have eased in October to 4.1% from 4.9%, as oil prices have dropped 60% from their peak. If yesterday’s record drop...

Russian oil firms could cut output if crude prices continue sliding, Russia's energy minister says, but it will be their decision.

Inflation at producer levels has posted a well larger than expected decline in October, due, mainly, to a sharp decline in crude oil products, according to data released by the US Labor Department.

The price of oil drifts below $55 a barrel, amid increasing worries over falling demand and slowing global growth.

Inflation at consumer level has eased slightly beyond expectations in October, mainly because the decline of petrol prices, retail prices index were also down in October, according to data released by National Statistics.

Oil prices have risen after surprisingly good US industrial output figures and warnings of cold weather.

(CEP News) - Worldwide demand for oil is expected to grow in 2009 despite imminent recessions in the developed world, OPEC said in a report Monday.

(CEP News) Ottawa - Canada's oil and gas extraction industry spent $2.8 billion to protect the environment in 2006, nearly one-third of the $8.6 billion invested in environmental protection by all businesses operating in Canada that year, Statistics Canada reported Monday.

(CEP News) - Economists say the 0.1% increase in third quarter Australian retail sales is less than upbeat, but that going forward, action from Australian officials and falling oil prices will stimulate consumer spending in the fourth quarter.

(CEP News) - Underground natural gas storage in the United States increased a larger-than-expected 62 billion cubic feet in the week ending Nov. 7, the Energy Information Administration (EIA) reported Thursday.

Asian main stock indexes have opened Friday with gains, reversing partially drops posted during previous sessions this week, as oil and commodity prices bounced, and rising hopes ahead of the G20 meeting this week-end.

(CEP News) Frankfurt - Finnish inflation slowed to 4.4% in the 12 months to October, down from September's annualized rate of 4.7%, but up from expectations of a 4.3% print, Statistics Finland said on Friday.

Consumer prices continue moderating their growing paces in Germany, on the back of the recent sharp decline in mineral oil prices, in October, annual inflation has dropped to the lowest level since March, according to data by German Statistics.

Prices pressures in Germany cooled for the third consecutive month in October as the final CPI reading showed that the headline reading slipped to 2.5%...

German October HICP inflation was confirmed at 2.5% y/y, in line with the preliminary number and down from 3.0% y/y in September. Prices fell 0.3% over...

(CEP News) - As retail gas prices fall, U.S. drivers continue to stay off the road. According to data released Wednesday from the Energy Information Administration (EIA), gasoline demand fell 1.9% year-over-year in the week ending Nov. 7.

(CEP News) - U.S. crude inventories likely increased by 1000k barrels in the week ending Nov. 7, a report from the U.S. Energy Information Administration (EIA) is expected to reveal.

(CEP News) - The monthly U.S. trade deficit is expected to continue narrowing in September due to falling oil prices and decreased demand from abroad. The report, to be released by the Census Bureau on Thursday, is expected to show that trade balance narrowed to -$57.0 billion in the month.

Inflation at producer levels continues declining in Switzerland, on the back of sharp declines in oil prices as well as metals and metal products, according to the Producer and Import Prices Index for October, released by the Federal Statistics Office.