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Crude Oil

Suncor share price jumps after posting 2nd-highest quarter for oil output

by Anas Siddiqui
Suncor share price jumps after posting 2nd-highest quarter for oil output

Suncor Energy Inc.’s share price jumped Wednesday as the company reported its fourth quarter oil output was its second-highest quarter ever. The Calgary-based company announced upstream production in the fourth …

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In a first, India pays in rupee to buy crude oil from UAE

by Ron Morgan
In a first, India pays in rupee to buy crude oil from UAE

In a historic step, India, the world’s third largest energy consumer, for the first-time ever paid the United Arab Emirates (UAE) in rupees for the purchase of crude oil. This …

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Who is attacking ships in the Red Sea and why?

by Walter Watson
Who is attacking ships in the Red Sea and why?

Attacks on commercial ships near the Middle Eastern country of Yemen have forced huge freight companies to change or pause their movements on one of the world’s busiest shipping routes. Who is launching these …

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Vladimir Putin hails China-Russia ties as trade beats US$200 billion target, defies Western sanctions

by Walter Watson
Vladimir Putin hails China-Russia ties as trade beats US0 billion target, defies Western sanctions

Russian President Vladimir Putin hailed his country’s deepening cooperation with China on Thursday and raised expectations of further bilateral trade and investment in the future, in defiance of grave concerns …

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Putin takes lightning tour of U.A.E., Saudi Arabia — 2 countries where he won’t be arrested

by Walter Watson
Putin takes lightning tour of U.A.E., Saudi Arabia — 2 countries where he won’t be arrested

Russian President Vladimir Putin visited the United Arab Emirates on Wednesday before departing for Saudi Arabia in a one-day lightning tour intended to raise Moscow’s profile as a Middle East power …

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COP28 leader denies report UAE wanted to seek oil deals at summit

by Walter Watson
COP28 leader denies report UAE wanted to seek oil deals at summit

The Emirati president-designate for the upcoming United Nations COP28 climate talks forcefully denied Wednesday a report alleging his nation planned to use the summit to strike oil and gas deals. …

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Thailand wants to build a brand new shipping route. Why isn’t China buying?

by Walter Watson
Thailand wants to build a brand new shipping route. Why isn’t China buying?

China has long been viewed as a potential patron and user, since a vast majority of its crude oil is presently sourced from the Middle East. It has also spent …

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Electric vehicle sales boom unlikely to ease Asia’s dependence on energy imports, analysts warn

by Walter Watson
Electric vehicle sales boom unlikely to ease Asia’s dependence on energy imports, analysts warn

The International Energy Agency (IEA) has forecast that electric vehicle sales are set to explode tenfold by 2030 – a 38 per cent market share – after the share of …

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New hurdle signals more cost overruns for Trans Mountain’s controversial pipeline – National

by Vera Ward
New hurdle signals more cost overruns for Trans Mountain’s controversial pipeline – National

There is a new and significant hurdle facing the massively over-budget and contentious Trans Mountain pipeline expansion project running through Alberta and British Columbia. The Stk’emlúpsemc te Secwépemc, a First …

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