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US Oil Production Fell to an 11-Month Low in January, EIA Data Shows

(Reuters) – U.S. crude oil production fell by 305,000 barrels per day to 13.15 million bpd in January, the lowest level since February 2024, data from the U.S. Energy Information Administration showed on Monday. That was the biggest decline in monthly U.S. oil output since January 2024, the data showed. The EIA also lowered its …

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Brookfield Nears $9 Billion-Plus Deal for Colonial Pipeline, Sources Say

(Reuters) – Brookfield Asset Management is putting the final touches on a deal to acquire Colonial Pipeline, the largest U.S. fuel transportation system, for more than $9 billion including debt, people familiar with the matter said on Monday. The New York-based asset manager has emerged as the winner of the auction process, which the five …

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Trump’s Russia Oil Tariff Threat Depends on China, India Reaction: Russell

(Reuters) – U.S. President Donald Trump’s threat to impose secondary tariffs of 25% to 50% on buyers of Russian crude oil is just crazy and bold enough to perhaps achieve his stated aim of a ceasefire in Ukraine. What matters now is the reaction of the other three key players to this latest move by …

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Canadian Conservative Leader Pierre Poilievre To Create ‘Canada First’ National Energy Corridor

Poilievre will create the ‘Canada First’ National Energy Corridor to rapidly approve & build the infrastructure we need to end our energy dependence on America so we can stand up to Trump from a position of strength. Saint John, NB — Conservative Leader Pierre Poilievre announced today he will create a ‘Canada First’ National Energy Corridor …

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