Category : Search result: global oil trade


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.

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.

Senate Defies Trump in Anti-Tariff Vote

In a stunning bipartisan move, the U.S. Senate challenges President Trump's tariff authority, signaling potential relief for Canadian exporters facing trade uncertainty.

Senate Rebukes Trump Over Canada Tariffs

In a stunning bipartisan move, the U.S. Senate has voted to block President Trump's tariffs on Canadian steel and aluminum, signaling growing congressional resistance to trade policies threatening North American relations.

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.

Reagan's trade warning Canada ignores

A forgotten 1988 speech reveals Ronald Reagan's crucial warning about trade protectionism that today's Canadian politicians are ignoring while celebrating his legacy.

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 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.

Oilers Eye Canucks' Sherwood in Potential Trade

The Edmonton Oilers are reportedly targeting Vancouver Canucks forward Kiefer Sherwood in a potential trade that could reshape the Pacific Division rivalry. Discover why Sherwood's physical play and scoring touch have caught Edmonton's attention.

Senate Votes to Nullify Trump's Canadian Tariffs

In a stunning bipartisan rebuke, the U.S. Senate voted to nullify President Trump's controversial tariffs on Canadian steel and aluminum, with four Republicans breaking ranks in a dramatic trade policy showdown.

Ex-Premier: Stay Cool After Trade Talks Fail

Ex-Quebec leader Jean Charest advises strategic patience following the breakdown of softwood lumber trade talks between Canada and United States, warning against emotional reactions.

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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