Oil traders are in a tough spot. They're dealing with big problems in Venezuela, Iran, and the Black Sea. These issues have pushed oil prices up in the last three months. But there's still a lot of oil out there. This makes things confusing for investors. First, there was a big shake-up in Venezuel
Oil prices have taken a hit, dropping from around $70 to just over $56 per barrel. This drop is tough on big oil companies like ExxonMobil, who make a lot of their money from drilling and producing oil. ExxonMobil has some of the best oil fields in the world, like the Permian Basin in the U. S. and
Oil prices have been on a rollercoaster lately. They've just had their biggest two-day drop in almost a month. Why? Well, it's a mix of things. First, there are these peace talks about Ukraine. If a deal happens, it could mean fewer sanctions on Russia. That would let more Russian oil flow into the
Oil refineries have a problem: they produce a lot of waste. But what if this waste could be turned into something useful? Researchers have been looking into this idea. They took two types of waste: oily sludge (OS) from refineries and algal biomass (AB) from wastewater treatment. The goal was to see
Oil production is getting a boost. OPEC+ has decided to increase its output faster than planned. This move comes as summer demand for oil is high. The group, led by Saudi Arabia, is looking to regain market share. Eight key members of the alliance met and agreed to raise production by 548, 000 barr
Canadian businesses are struggling with the constant changes in U. S. tariffs, which have made planning for the future nearly impossible. Wes Love, who runs Taurus Craco in the Toronto area, knows this all too well. His company imports machinery and sends it to the U. S. , but Trump's tariffs have c
Oil is a big deal for Iran. It makes up over 40% of the country's exports. So, when Trump threatened to punish countries buying Iranian oil, it was a significant move. This threat came just after planned talks between the US and Iran were delayed. The talks, set to happen in Rome, were supposed to d
Oil prices took a hit recently, continuing a downward trend that started with the announcement of new tariffs. This drop happened even though there was a significant decrease in U. S. oil inventories, as reported by the American Petroleum Institute. The API noted a large draw of 4. 565 million barre
Canadian leaders are fed up with President-elect Donald Trump's repeated suggestion that Canada should become the 51st state. Finance Minister Dominic LeBlanc, who handles U. S. -Canada relations, has said, "The joke is over. " Trump has been saying Canada and Greenland could join the U. S. , with C
Canadian Prime Minister Justin Trudeau is in hot water. His finance minister, Chrystia Freeland, just quit, leaving many people wondering if Trudeau can keep his job. The problem? A big fight with U. S. President Trump over trade. Trump wants to slap high tariffs on Canada, which could start a trade
