Rack Petroleum Ltd.’s HedgeHog app allows users to confirm a guaranteed price for diesel for future delivery up to two years into the future.
Tag Archives fuel
Fuel hedging platform wins AIM innovation award
Will oil hit US$100? It already did in some markets
Saudi Arabia, Russia 'in solid control'
London | Reuters –– With oil investors and traders focused on an oil-price rally that has come close to US$100 a barrel, some grades of crude oil are already trading above that milestone, highlighting an expectation of tight supply. The outright price of Nigerian crude Qua Iboe surpassed $100 a barrel on Monday, according to […] Read more
Suncor to keep its Petro-Canada retail fuel business
Reuters — Suncor Energy on Tuesday said it will retain its Petro-Canada gas station retail business following a review the company initiated earlier this year under pressure from activist investor Elliott Investment Management. Suncor replaced its CEO in July and agreed to review its retail fuel unit by the end of this year after Elliott […] Read more
Rajapaksa dynasty draws to humiliating close in Sri Lanka
Food shortages, fertilizer ban among flashpoints
Colombo | Reuters — The Rajapaksa dynasty dominated Sri Lankan politics until April when street protests against fuel and food shortages began to slip out of control. President Gotabaya Rajapaksa fled the country early on Wednesday, leaving no one from the once-illustrious family in a position of power. The president vowed last month to stay […] Read more
‘Petro-plectic’ anger rises toward fuel prices
Fuel refiners seen booking 'epic' revenues
MarketsFarm — Fuel prices are very likely to continue to increase with summer approaching, according to Tom Kloza, the Florida-based global head of energy analysis for Oil Price Information Services. “I wish I could say there’s a light at the end of the tunnel, but I would say right now, it’s just a flicker,” he […] Read more
EU offers farmers aid, more land to grow due to Ukraine war
Brussels | Reuters — The European Union will distribute 500 million euros (C$692 million) to help farmers and allow them to grow crops on fallow land to mitigate food price spikes and potential shortages resulting from Russia’s war in Ukraine. Published on Wednesday, the proposals by the EU’s executive European Commission also include assistance to […] Read more
Fuel prices may remain high beyond Russian invasion, expert says
MarketsFarm — The decision by the U.S. to halt the import of Russian petroleum products due to the country’s invasion of Ukraine created sticker shock at the pumps in North America — but an end to that invasion would not necessarily mean an end to high fuel prices. On March 15, the average price of […] Read more
Farming behind the lines in Ukraine
A Ukrainian agriculture journalist chronicles the challenges of sowing a crop during wartime
Ukrainians will farm their land, even in the face of war. In the Kherson area of southern Ukraine, where war rages and the city of Kherson is seen by the Russian invaders as strategic, a column set out on Monday. This was a column of tractors, under the flag of Ukraine. In it were farmers […] Read more
Greek farmers stage tractor protest against soaring energy costs
Larissa | Reuters — Farmers in central Greece on Friday protested with hundreds of tractors against soaring energy costs, dismissing government support measures as inadequate and demanding more help to cope with rising prices. The farmers parked tractors on a national highway near the town of Larissa in central Greece, where they faced off with […] Read more
British Columbia braces for more heavy rain
Ottawa | Reuters — British Columbia is facing more heavy rains as the province tries to recover from massive floods and mudslides, Public Safety Minister Mike Farnworth told reporters on Tuesday. Farnworth said crews were working to shore up dikes and dams, adding some roads would be closed protectively. Flooding over Nov. 14-16 in Canada’s […] Read more
Canadian Cattlemen Presents: Depth of Field
