California Vows to Block Trump Offshore Drilling Plan
California Governor Gavin Newsom pledges legal action against Trump administration's proposal for new oil and gas leases off California coast, first in decades.
Category : Search result: China oil
China's Hongqi Bridge collapses in massive landslide
Newly opened Hongqi Bridge in Sichuan, China, partially collapses during a massive landslide. Dramatic video captures the moment. No casualties reported.
Global Oil Glut Looms, But Reversal Forces Emerge
Expert Rory Johnston analyzes the cooling oil demand and rising supply creating a potential global surplus. Discover the key market forces that could unexpectedly reverse this trend.
MEG Energy Shareholders Approve Cenovus Takeover Deal
MEG Energy shareholders overwhelmingly approve Cenovus Energy's acquisition offer, creating a stronger combined entity in Alberta's oil sands sector with enhanced operational efficiency and financial stability.
Cenovus-MEG Energy Merger Approved by Shareholders
Cenovus Energy secures shareholder approval for its $3.8 billion acquisition of MEG Energy, creating Canada's second-largest oil producer amid industry consolidation.
Alberta Fires Back Over BC Oil Tanker Ban Demands
Alberta's government delivers sharp rebuke to BC premier and Indigenous leaders calling for permanent oil tanker ban, escalating tensions over Canadian energy policy and economic future.
Suncor Shares Jump After Earnings Beat and Production Boost
Calgary-based energy leader Suncor delivers impressive Q2 results, exceeding analyst forecasts and raising production guidance, sending shares skyrocketing.
Suncor Hikes Dividend, Beats Earnings Expectations
Suncor Energy delivers impressive Q4 results, beating earnings expectations and rewarding shareholders with a substantial dividend increase amid rising oil prices and operational improvements.
Suncor Q3 Profits Drop Despite Record Production
Calgary's energy giant Suncor reports surprising third-quarter profit decline even as production hits unprecedented levels. Discover the factors behind this financial paradox.
China Buys Australian Canola in Trade Thaw
In a major agricultural trade breakthrough, China has purchased approximately 120,000 metric tons of Australian canola, marking a significant warming of relations between the two trading partners after years of strained ties.
Oil & Gas Reality: What Companies Are Actually Doing
While politicians debate energy policy, Canada's oil and gas industry is quietly transforming through massive investments in decarbonization and clean technology. Discover the real story behind the headlines.
U.S. Sets Red Lines for China Amid Rising Tensions
Amid rising geopolitical friction, the United States issues stark warnings to China regarding military support for Russia and escalating tensions in the South China Sea. Expert analysis reveals the high-stakes diplomatic chess game unfolding between the w
OPEC+ Extends Oil Production Freeze Amid Market Concerns
OPEC+ maintains current oil output levels as global economic uncertainty and oversupply fears shake energy markets. What this means for Canadian consumers and the economy.
Canada Slaps Tariffs on Chinese EVs and Batteries
Canada joins allies with sweeping tariffs on Chinese electric vehicles and batteries, escalating trade tensions while protecting domestic auto industry and green technology sectors.
Canada-Philippines defence pact counters China aggression
Canada and the Philippines have signed a landmark defence agreement to enhance military cooperation, conduct joint exercises, and address growing security concerns in the South China Sea amid China's expanding territorial claims.
Canada-Philippines Defence Pact Counters China Aggression
Canada and the Philippines are finalizing a landmark defence agreement that will significantly expand military cooperation, enhance combat training exercises, and strengthen regional security in response to China's growing assertiveness in the South China
U.S. urges ASEAN firm stance on China sea claims
In a bold diplomatic move, the United States urges Southeast Asian nations to take a unified stand against China's growing maritime claims, escalating tensions in the strategically vital waterway.
Carney confronted Chinese president on foreign interference
Former Bank of Canada governor Mark Carney reveals he directly challenged President Xi Jinping on foreign interference and other critical matters during their meeting at the Asia-Pacific summit.
Canada warns citizens: Extreme caution for China travel
The Canadian government has elevated its travel advisory for China, warning citizens of arbitrary enforcement of local laws and the risk of wrongful detention in the ongoing diplomatic dispute.
Imperial Oil sells Calgary HQ, cuts hundreds of jobs
Imperial Oil Ltd. has struck a deal to sell its massive Calgary headquarters as part of a global restructuring that will eliminate hundreds of positions in the city, marking a significant shift for one of Canada's energy giants.
Oil Steadies as U.S. Reimposes Venezuela Sanctions
Global oil prices found stability as the U.S. reinstated sanctions on Venezuela's oil industry, creating new uncertainty in energy markets while Middle East tensions continue to simmer.
Imperial Oil Profits Fall on Lower Crude Prices, Charges
Imperial Oil reports significant profit decline in Q4 2023 as lower crude prices and substantial impairment charges challenge Canada's energy sector. Discover how refining margins and production performed.
Cenovus-Husky Merger Vote Delayed Another Week
The crucial shareholder vote on Cenovus Energy's massive acquisition of Husky Energy has been postponed for another week, creating uncertainty in Canada's oil and gas industry during turbulent times.
Cenovus-MEG Energy Deal Delayed Over Regulatory Inquiry
A crucial shareholder meeting to approve Cenovus Energy's $3.8 billion acquisition of MEG Energy has been postponed amid regulatory scrutiny from Canadian authorities, creating uncertainty in Alberta's oil sands sector.
China Agrees to Buy 25M Tons of US Soybeans Annually
In a major trade development, China has agreed to purchase 25 million metric tons of American soybeans each year, signaling warming relations between the world's two largest economies.
Alberta Oil Crisis: Price Crash Sparks Layoffs and Cuts
Alberta's oil industry faces a perfect storm of plunging prices, massive layoffs, and spending cuts that could reshape Canada's energy landscape for years to come.
Canadian Oil Sands Outshining U.S. Energy Peers
A new report reveals Canadian oil sands companies are gaining competitive advantages over U.S. shale producers, with lower decline rates and stronger financial performance attracting investor attention.
Trump Dodges Questions on China Nuclear Expansion
Former President Donald Trump avoided answering whether he discussed China's nuclear buildup with Xi Jinping during their Florida summit, raising concerns about his approach to global security.
Trump Slashes China Tariffs After Xi Meeting
In a dramatic trade policy reversal, former President Donald Trump announces significant tariff reductions on Chinese goods after private discussions with Xi Jinping during their South Korea summit.
Russia's Oil Exports Hold Steady Despite Sanctions
Despite sweeping new Western sanctions, Russia's crude oil exports show remarkable stability. Fresh analysis of global tanker movements reveals Moscow continues to find buyers, with export volumes holding steady in early 2024.
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