Germany Could Nationalize Uniper As Early As Next Week

Canada’s benchmark heavy oil price could soon see a boost as U.S. refiners are expected to return to buying large volumes of Canadian crude once the massive releases from the Strategic Petroleum Reserve (SPR) by the Biden Administration end in October, traders and analysts tell Reuters. The U.S. Administration authorized in March the release of 1 million barrels per day (bpd) from the SPR over a period of six months in a bid to lower oil prices and potentially boost domestic production through contracts with companies to purchase future oil…