By Maiya Keidan TORONTO (Reuters) – Residents of the Canadian province of Alberta could save more than C$5 billion ($3.71 billion) in the first year if they transfer money out of the Canada Pension Plan (CPP) into a new scheme, a study commissioned by the Alberta government found. The report…

By Valerie Volcovici UNITED NATIONS (Reuters) – Countries addressing a climate summit during the U.N. General Assembly criticized big polluters for not doing more to tackle global warming, and the U.N. Secretary-General Antonio Guterres said time was running short thanks to the “naked greed” of fossil fuel interests. With the…

Top executives of Exxon Mobil Corp. (NYSE:) and Saudi Aramco (TADAWUL:) (ARMCO) voiced their backing for the global transition to cleaner energy forms, while emphasizing the lasting significance of oil in the energy sector for the foreseeable future. The statements were made on Monday at the World Petroleum Congress held…

By Filipp Lebedev and Gleb Stolyarov (Reuters) – At least $14.3 million worth of coal produced in areas of Ukraine annexed by Russia has been exported to NATO member Turkey this year, according to Russian customs data reviewed by Reuters. Between February and July 2023, about 160,400 tonnes of coal…

The United States and Iran have recently taken significant steps towards improving their strained relationship, a development that could have substantial implications for the global oil market. The U.S. has released Iranian prisoners held domestically, while five American prisoners in Iran were freed and transported to Qatar earlier this week.…

By Nia Williams and Stephanie Kelly CALGARY (Reuters) – Canada’s Trans Mountain oil pipeline expansion (TMX), which will nearly triple the flow of crude from Alberta to Canada’s Pacific Coast beginning early next year, will shake up North America’s supply by diverting barrels now mainly delivered to refiners and exporters…

Oil prices reached new highs on Tuesday, as traders factored in the implications of supply restrictions. This surge in prices is a result of production curbs by Russia and Saudi Arabia leading to a tightening of supplies. Despite concerns over China’s economic growth and a sluggish European economy, investors have…

Copper prices extended their losses on Tuesday due to fears over prolonged high interest rates and rising inventories. The three-month on the London Metal Exchange (LME) was down 1% at $8,278 per metric ton by (06:00 ET) 10:00 GMT, following a 0.6% decline in the previous session. The U.S. Federal…

The International Monetary Fund (IMF) has expressed serious concerns over the extensive smuggling of petroleum products in Pakistan, leading to significant revenue shortfalls, according to sources within the Federal Board of Revenue. The international lender has demanded an explanation and a comprehensive report from Pakistan’s Ministry of Finance and the…

The relentless surge in oil prices, with topping $95 a barrel for the first time since November, is reshaping bets across global markets and setting the stage for a hawkish tone from major central banks. This comes as traders anticipate policy decisions in response to persistent inflation pressures. Oil giants…