Buz Investors Oil pushes higher on worries The commodity is trading at $53.74 per barrel at 10:40 GMT this morning, 0.19% higher from the New York close. Crude oil witnessed a high of $54.05

Oil prices fell on Thursday after oil producers extended output cuts

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Oil prices fell on Thursday after oil producers extended output cuts




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BUZ INVESTORS Oil prices fell on Thursday after oil producers extended output cuts for another nine months while deeper cuts were not approved during today’s OPEC meeting in Vienna. Crude oil prices went down 1.6% to $50.7 per barrel and Brent crude oil decreased 1.2% to $53.3 per barrel around 12:10 PM London time. Historically, Crude oil reached an all time high of 145.31 in July of 2008 and a record low of 1.17 in February of 1946.

The commodity metal is trading at $51.06 per barrel at 09:40 GMT this morning, 0.47% lower from the New York close. Crude oil witnessed a high of $52.00 per barrel and a low of $50.17 per barrel during the session. In the New York session yesterday, crude oil fell 0.18% to close at $51.30 per barrel. Meanwhile, the Energy Information Administration (EIA) reported that US crude oil stockpiles declined more-than-expected by 4.43 million barrels last week. Immediate downside, the first support level is seen at $50.15 per barrel, while on the upside, the first resistance level is at $51.98 per barrel.

 

on Thursday after oil producers extended output cuts for another nine months while deeper cuts were not approved during today’s OPEC meeting in Vienna. Crude oil prices went down 1.6% to $50.7 per barrel and Brent crude oil

 




Oil prices fell


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Crude oil

Crude oil is the world’s most actively traded commodity. Crude Oil prices displayed in  are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions.INVESTORS BUZ does not verify any data and disclaims any obligation to do so. This page provides – Crude oil – actual values, historical data, forecast, chart, statistics, economic calendar and news. Crude oil – actual data, historical chart and calendar of releases – was last updated on May of 2017.
Actual Previous Highest Lowest Dates Unit Frequency
51.15 51.43 145.31 1.17 1946 – 2017 USD/BBL Daily

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Say Hello to CraftGrow

Say Hello to CraftGrow: Tweed Bringing Three New Producers to Main Street

Say Hello to CraftGrow: Tweed Bringing Three New Producers to Main Street

Licensed Producers AB Laboratories Inc., part of Invictus MD, JWC Ltd. and Canada’s Island Garden to sell distinct small batch cannabis through Tweed Main Street, bringing new variety and diversity to over 50,000 registered patients.

BUZ INVESTORS Say Hello to CraftGrow Canopy Growth Corporation (TSX: WEED) ("Canopy Growth" or "the Company"), is pleased to announce the launch

BUZ INVESTORS  Say Hello to CraftGrow   Canopy Growth Corporation (TSX: WEED) (“Canopy Growth” or “the Company”), is pleased to announce the launch of Tweed’s curated CraftGrow line, which brings high quality cannabis grown by a diverse set of producers to Tweed Main Street’s customers. In line with the level of variety customers have come to expect, Tweed will proudly showcase the history and unique growing methods of each CraftGrow producer.

“Our company recognizes the diverse needs of patients and is proud to bring them the highest quality products that we grow in our own facilities, while introducing them to producers that each bring a unique offering forward,” said Bruce Linton, Chairman & CEO, Canopy Growth. “Telling the story of cannabis cultivators, big and small, is essential to a successful market for medical cannabis. Having put together the infrastructure of over 100 customer care staff, as well as packing and fulfilment staff capable of shipping thousands of orders a day, we are in a unique position to support smaller producers getting to market, and to help patients find the products they need from an ever wider selection.”



Say Hello to CraftGrow

By participating in CraftGrow, Access to Cannabis for Medical Purposes Regulations (“ACMPR”) license applicants and Licensed Producers can utilize components of the Company’s platform including high quality genetics sourced from around the world, industrial scale cannabis oil extraction infrastructure, a rigorous product Quality Assurance program, the Tweed Main Street online marketplace as well as award winning customer care and call centre capabilities. Access to these Canopy Growth platform components can be expected to significantly reduce the resources that new entrants are required to invest to enter the market and help get them get to market much faster to the benefit of all medical cannabis patients.

As a staring point, three distinct partners are joining CraftGrow, all with different growing styles and approaches to cannabis. They are: AB Laboratories Inc., Canada’s Island Garden, and JWC Ltd.

“As a fairly new Licensed Producer with a market capitalization less than our peers, we are able to utilize Canopy Growth’s existing infrastructure giving us access to a wider market,” said Dan Kriznic, Chairman & CEO, Invictus MD, on behalf of AB Laboratories. “By collaborating with Canopy Growth, we are committed to improving access to multiple high quality brands through a better online experience.”

Prince Edward Island-based partner, Canada’s Island Garden will sell many of its products under the CraftGrow banner as a way to introduce themselves to a wider market. Edwin Jewell, Island Garden’s president commented, “We are proud of our operations here in PEI and as one of the few producers based in Atlantic Canada we see CraftGrow as a way to raise our profile and bring a little bit of PEI to the rest of Canada.”

Finally, JWC will join CraftGrow with a vision for advancing the technological side of cannabis production. “JWC is happy to participate in the CraftGrow program. It is a unique opportunity to showcase our products and techniques, and a unique opportunity to highlight and share our advanced Aeroponic growth techniques. Technology is a vital part of this industry, and it is through partnerships such as this that we are able to rapidly advance the technological tools at our disposal,” said Nathan Woodworth, President of JWC Ltd.

By choosing to partake in CraftGrow, producers with cultivation and sales licenses can furnish their harvests to Tweed, on a wholesale basis for sale through Tweed Main Street. All CraftGrow cannabis is subject to Tweed’s rigorous Quality Assurance program, including accredited lab testing, prior to being approved for sale.

Licensed producers and pre-license applicants interested in the CraftGrow program are encouraged to contact Devin McGee (devin.mcgee@canopygrowth.com) or Owen Smith (owen.smith@canopygrowth.com). More information and more cannabis variety will be available soon at tweedmainstreet.com

Here’s to Future Craft Growth.

About Canopy Growth Corporation
Canopy Growth is a world-leading diversified cannabis company, offering diverse brands and curated cannabis strain varieties in dried and oil extract forms. Through its wholly‑owned subsidiaries, Canopy Growth operates numerous state-of-the-art production facilities with over half a million square feet of indoor and greenhouse production capacity. Canopy Growth has established partnerships with leading sector names in Canada and abroad. For more information visit www.canopygrowth.com.

About Invictus MD Strategies Corp.
Invictus MD Strategies Corp. (TSXV: IMH, OTC: IVITF) is focused on three main verticals within the burgeoning Canadian cannabis sector: Licensed Producers under the ACMPR including an investment in a fully licensed facility, AB Laboratories Inc. as well as the option to now acquire 100% of Acreage Pharms Ltd.; Fertilizer and Nutrients through Future Harvest Development Ltd.; and Cannabis Data and Delivery, with its wholly owned subsidiary Poda Technologies Ltd.

About JWC Ltd.
James E Wagner Cultivation Ltd is a family business, founded by a group of dedicated growers who honed their craft under the MMAR program. After years of research we developed a unique aeroponic approach to Cannabis production, and under the ACMPR JWC is proud to bring their product to the patients of Canada.

About Canada’s Island Garden:
Canada’s Island Garden Inc. operates within a new and highly regulated system under the terms of the Access to Cannabis for Medical Purposes Regulations (ACMPR). As a horticultural business it also stands on the shoulders of generations of farming Jewells and the culture of Prince Edward Island.
We know the origin, quality and potency of medical marijuana is important to you. We make this promise: Our horticultural experience, pristine environment and stringent quality controls will result in a consistent and high quality product at a reasonable price. All delivered with exceptional Prince Edward Island customer service.Like up on FACEBOOK


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Buz Investors oil cut deal A committee of OPEC and non-OPEC countries responsible for monitoring compliance with a global agreement to reduce oil output is set to meet for the first time in Vienna on Sunday. The committee is expected to discuss how to best monitor compliance with the deal reached late last year as

OPEC, non-OPEC producers meet to discuss compliance with oil cut deal

OPEC, non-OPEC producers meet to discuss compliance with oil cut deal

  • Buz Investors oil cut deal A committee of OPEC and non-OPEC countries responsible for monitoring compliance with a global agreement to reduce oil output is set to meet for the first time in Vienna on Sunday.
  • The committee is expected to discuss how to best monitor compliance with the deal reached late last year as well as what level of compliance would be acceptable, Kuwaiti oil minister Essam Al-Marzouq said in Vienna on Saturday.
  • Kuwait chairs the five-member committee which also includes Algeria, Venezuela, Russia and Oman. Asked about compliance with the deal so far, Saudi energy minister Khalid al-Falih said it had been “very good




oil cut deal

Buz Investors oil cut deal A committee of OPEC and non-OPEC countries responsible for monitoring compliance with a global agreement to reduce oil output is set to meet for the first time in Vienna on Sunday. The committee is expected to discuss how to best monitor compliance with the deal reached late last year as

oil cut deal Eleven of OPEC’s 13 members along with 11 non-OPEC countries have agreed to make cuts for the first half of the year.

OPEC members Nigeria and Libya, both suffering setbacks in production, were given exemptions.

 

 

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oil cut deal

“The Kingdom [of Saudi Arabia] has taken the initiative and other countries took part in very significant actions,” Saudi Energy Minister Khalid al-Falih told reporters following the meeting.

Despite demand usually being lower in the first quarter in winter, the actions taken by the Kingdom and many other countries has impacted the market in a tangible way and we have seen the impact in spot prices,” al-Falih said.

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Oil may rise to $55 if all producers cooperate

Oil may rise to $55 if all producers cooperate

Oil may rise to $55 if all producers cooperate

  • Buz Investors Oil may rise Iranian Oil Minister Bijan Zanganeh expressed optimism on Saturday about an upcoming OPEC meeting and said crude prices could jump to $55 a barrel if an agreement is reached and non-OPEC producers cooperate.
  • “We are receiving positive signals that increase the likelihood of agreement at the meeting … and I’m optimistic about the situation,”
  • Zanganeh told state television by telephone, after meeting OPEC Secretary-General Mohammed Barkindo in Tehran ahead of the Nov. 30 meeting. “I think if we can reach an agreement, God willing, the price would rapidly reach above $50 per barrel

Oil may rise

Oil may rise to $55 if all producers cooperate

Oil may rise Asked about an OPEC proposal for an output cap of 3.92 million barrels per day for Iran, Zanganeh said: “We have not reached any agreement. We have expressed our views and we look forward to explaining them.”

The Organization of the Petroleum Exporting Countries is moving closer toward finalizing its first deal since 2008 to limit oil output,

 

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Oil may rise

with most members prepared to offer Iran significant flexibility on production volumes, ministers and sources said on Friday.

Iran has been the main stumbling block for such a deal because Tehran wants exemptions as it tries to regain oil market share after the easing of Western sanctions in January.




Oil Prices Slump OPEC producers leading to market volatility

Oil Prices Slump OPEC producers leading to market volatility

Oil Prices Slump OPEC producers leading to market volatility

Oil

  • Oil Prices Slump The commodity is trading at $47.00 per barrel at 09:40 GMT this morning, 0.86% lower from the New York close.
  • Crude oil witnessed a high of $47.46 per barrel and a low of $46.62 per barrel during the session. In the New York session yesterday, crude oil fell 0.88% to close at $47.41 per barrel,
  •  fears of higher crude production from Iraq and Nigeria, revived supply glut concerns. Immediate downside, the first support level is seen at $46.31 per barrel, while on the upside, the first resistance level is at $48.00 per barrel.

Brent slips below $49 as signs of rising supply

Oil Prices Slump OPEC producers leading to market volatility

Oil Prices Slump Brent crude oil futures fell below $49 a barrel on Tuesday, giving up part of August’s strong rally, as signs of rising supply outweighed hopes that producing nations will agree to steps to support prices.

Among the developments that point to higher supply, a Nigerian militant group, which has claimed a wave of attacks on oil facilities, said at this past weekend it was ready for a ceasefire. Iraq also resumed pumping crude through a northern pipeline halted earlier this year.

Brent crude was down 51 cents at $48.65 a barrel by 6:50 a.m. ET (1050 GMT). The global benchmark rallied 20 percent between the beginning of the month and Aug. 19.
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n a report, Goldman Sachs said talk of an output freeze by theOrganization of the Petroleum Exporting Countries and a weak dollar had helped drive prices up this month, but neither was enough to sustain current levels.

Oil prices have more than halved from mid-2014 due to a global supply glut.

Raising hopes that producers could revive efforts to tackle excess supply, Saudi Arabia’s Energy Minister Khalid al-Falih said on Aug. 11 OPEC and non-members will discuss the market next month including any action that may be needed.