OilExports

Canada Considers Export Taxes on Uranium and Oil Amid Trade Tensions

11 days ago

In a strategic shift prompted by the possibility of renewed trade hostilities, Canadian officials are contemplating the implementation of export taxes on key natural resources, specifically uranium and oil. This decision comes in light of anticipated actions from former President Donald Trump, who may reignite a trade war with Canada, reminiscent of the tense relations seen during his previous administration.

Major Step Forward: Biden Administration Advocates for Texas Oil Port Approval

2 months ago

In a significant development for the energy sector, the Biden administration has officially recommended the approval of a new oil terminal in Texas. This terminal, designed to facilitate the transportation of crude oil, represents a strategic investment aimed at enhancing the United States' energy infrastructure and boosting its position in the global oil market.

Canada's Trade Deficit Deepens as Oil Exports Decline: A Comprehensive Analysis

2 months ago

In a worrying trend, Canada has once again found itself grappling with a trade deficit, marking the sixth consecutive month of negative trade balance. The primary culprit behind this downturn is a notable decline in oil exports, a vital sector for the Canadian economy that has faced headwinds in recent months.