Market watchers are predicting a bearish outlook for crude oil prices, with fears of a drastic fall if OPEC+ unwinds its existing output cuts. Tom Kloza, global head of energy analysis at OPIS, warns that oil prices could plummet to $30 or $40 a barrel without a real agreement to curb production, potentially erasing around 40% of current prices. Currently, global benchmark Brent is trading at $72 a barrel, while U.S. West Texas Intermediate futures are around $68 per barrel.
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The City of Montreal: A derelict owner by its own definition
The old Canadian Motor Boat Co. complex next to the Lachine Canal is a prime example of demolition by neglect, with graffiti, smashed windows, and danger signs indicating potential collapse. The uncaring owner of the building is being targeted by the City of Montreal's new bylaw against poorly maintained vacant buildings. This initiative aims to address the neglect of historic properties and protect the safety of the community. Full Article
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