Canada

Global oil refining profits surge and may stay strong

The strength in margins contrasts with crude oil markets coming under pressure from an expected oversupply, and has defied expectations earlier this year that the rally could prove to be a short-term blip due to the impact of tariffs.

Enbridge approves $1.4-B project to boost Canadian oil flows to U.S. refiners

The project adds additional takeaway capacity for Canadian crude and broadens access to U.S. refineries, improving the flow of oil sands to major export outlets.

Quick wins on cutting methane dogged by a slow transition

The pledge to cut methane emissions by 30% below 2020 levels by 2030 has been signed by 159 countries plus the EU. Many of them have developed, or are working on, methane action plans, and billions of dollars have been committed to the effort.

Canada's Imperial Oil beats profit estimates on record output, strong refining

North America’s LNG export capacity could more than double by 2029

StormFisher Hydrogen acquires Recyclage Carbone Varennes to launch North America's first large-scale low-carbon methanol plant

Scheduled for operation in 2028, the facility will supply low-carbon fuels to global maritime, aviation, and chemical markets.

Canada may drop oil emissions cap as part of new climate plan

Current talks could lead to the emissions cap being scrapped as part of a broader new "climate competitiveness strategy," which the federal government aims to unveil later this autumn.

Canada pledges money, regulatory reform to boost biofuels

Brazil approves temporary antidumping measures against Canadian, U.S. polyethylene resins

Brazil trade panel Gecex/Camex approved temporary antidumping measures against the imports of polyethylene resins from Canada and the U.S., according to the Ministry of Development, Industry, Trade and Services.

Canada's Alberta eyes investment in Japan's refining to boost oil exports

Canada's main oil-producing province of Alberta is considering a financial investment in Japan's refining sector, an attempt to reduce its overwhelming dependence on top trade partner the U.S. for oil exports.