Monday, January 6, 2025

Trudeau Cabinet Greenlights Trans Mountain Pipeline Expansion

From BNN/Bloomberg (Bloomberg) — Prime Minister Justin Trudeau’s government decided Tuesday to proceed with the construction of a major crude oil pipeline, saying the project has met strict requirements on safety and consultation with Canadian indigenous groups. Trudeau’s cabinet approved the expansion of Trans Mountain, a state-owned pipeline that runs from Alberta to Vancouver. The line will add 590,000 barrels

Crude Leaps as OPEC+ Eyes Meeting Date, Europe Talks Stimulus

From Bloomberg Oil cartel proposes early July gathering as stalemate eases, WTI extends gains further after API sees declining stockpiles Oil surged to its biggest gain in five months as OPEC and its allies moved closer to a meeting to extend supply cuts while the European Central Bank raised hopes of a new stimulus to pump up demand. Futures in