Oilxa
Óleo, energia, petróleo
OPEC+ Extends 2.2 Million bpd Voluntary Cuts Through End of 2026, Tightening Global Supply
OPEC+ has prolonged its voluntary production cuts of 2.2 million barrels per day through December 2026, a move with direct implications for Canadian heavy crude pricing and export economics.
Read →Permian Basin Productivity Surge: Record Output Defies Falling Rig Count in 2026
US Permian production has hit fresh records above 6.5 million bpd even as active rigs decline, reshaping North American supply dynamics and competitive pressure on Canadian crude.
Read →Petrobras Surpasses 2.5 Million bpd from Brazil's Pre-Salt, Cementing Atlantic Supply Role
Brazil's pre-salt basin has crossed 2.5 million bpd in production under Petrobras, reinforcing the country's status as a top-five global oil exporter and a key supplier to Atlantic basin refiners.
Read →NEOM Green Hydrogen Mega-Project Enters Commercial Production, Reshaping Global H2 Trade
Saudi Arabia's NEOM Green Hydrogen Company has begun commercial production at the world's largest green hydrogen facility, with first ammonia exports targeting Europe and Asia.
Read →US to Overtake Qatar as Top LNG Exporter in 2026 as Plaquemines Reaches Full Capacity
With Plaquemines LNG reaching nameplate capacity, the United States is set to surpass Qatar as the world's largest LNG exporter, reshaping global gas trade and Canadian export ambitions.
Read →EV Demand Growth Slows: Refiners Revise Gasoline Outlook Upward for 2026
Slowing EV adoption has prompted North American refiners to revise gasoline demand forecasts upward for 2026, extending the runway for internal combustion fuels in Canada and the US.
Read →Latin American Refining Expansion: Dos Bocas and Cuba Projects Reshape Downstream Map
Mexico's Dos Bocas refinery and Cuban refining investments mark a renewed push to expand Latin American downstream capacity, with implications for North American fuel trade flows.
Read →Red Sea Shipping Tensions Push Tanker Freight Costs Up 60 Per Cent, Rerouting Global Flows
Persistent Red Sea tensions have lifted tanker freight rates by 60 per cent and forced widespread rerouting via the Cape of Good Hope, reshaping global oil and product trade flows.
Read →Sanctions on Russian Oil: Urals Discount Narrows as Asian Buyers Consolidate Positions
The Urals discount to Brent has narrowed sharply as Russian exporters refine sanctions workarounds and Asian buyers consolidate, with structural implications for Canadian heavy crude markets.
Read →EU Energy Transition: PNIEC Updates and Fit for 55 Milestones Define Path to 2030
Updated National Energy and Climate Plans and Fit for 55 implementation are setting binding 2030 milestones for EU member states, with significant spillover effects for global energy trade and Canadian exporters.
Read →