Category : Search result: oil dependency


Oil Climbs as Traders Weigh Tensions Against Surplus

Oil prices rose in volatile trading as geopolitical risks clashed with signs of a growing market surplus. WTI gained 1.6% while Saudi Arabia cut prices to Asia. Explore the factors driving the market.

U.S. crude, fuel inventories rose last week: EIA

The U.S. Energy Information Administration reported a rise in crude oil and fuel stockpiles for the previous week. Get the latest data on energy inventories and market implications.

Ukrainian naval drones hit Russian oil tankers

Ukraine's Security Service deployed naval drones to strike Russian oil tankers in the Black Sea. The attack occurred off the Turkish coast using the new Sea Baby 'Avdiivka' drone.

Oil supply surge to strain prices through 2026

Global oil markets face continued price pressure through 2026 as swelling supply outpaces demand. New analysis reveals production growth will challenge market stability.

Smith's Pipeline Deal: Temporary Victory for Alberta

Alberta Premier Danielle Smith secures key federal concessions on emissions caps in new pipeline MOU with PM Carney. While promising, the agreement faces significant hurdles before construction.

Carney signs major energy agreement with Alberta

Prime Minister Mark Carney and Alberta Premier Danielle Smith signed a historic energy MOU on November 27, 2025, setting conditions for new oil pipeline development while facing cabinet resignations.

Canada-Alberta MOU Paves Way for New Oil Pipeline

Prime Minister Mark Carney and Alberta Premier Danielle Smith signed a pivotal MOU to establish Canada as an energy superpower, clearing the path for a new pipeline. Read the details.

Alberta, Canada Sign Pact for New Oil Pipeline

Prime Minister Mark Carney and Alberta Premier Danielle Smith sign a landmark MOU to advance a major oil pipeline to Asian markets, suspending key federal environmental laws.

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