News

U.S. President Donald Trump on Thursday threatened new tariffs on countries supplying oil to Cuba, escalating a pressure campaign against the Communist-run island. The move, authorized by an executive order under a national emergency declaration, did not specify any tariff rates or single out any countries whose products could face U.S. tariffs. Emboldened by the U.S. military's seizure of ousted Venezuelan President Nicolas Maduro in a deadly raid earlier this month, Trump has repeatedly [Read more]

The largest U.S. electric grid on Thursday operated near record levels for demand amid frigid temperatures as weather forecasters predicted another Arctic blast over the weekend. The PJM Interconnection, which manages the flow of electricity for 67 million people in 13 Midwest and Mid-Atlantic states and Washington, D.C., reported electric demand at about 140 gigawatts in the morning hours. The grid's all-time winter record for demand is 143.7 GW, set in January 2025. Earlier in the week, [Read more]

OTTAWA - Manitoba Premier Wab Kinew says one of Canada's biggest energy companies is taking a look at the Port of Churchill. Kinew has been promoting the idea of expanding the port on the shore of Hudson Bay as a new way to ship goods through the Arctic to Europe and beyond, and the federal government is considering it. He also says it could play a key role in defending Arctic sovereignty. Kinew wouldn't name the energy company but says the Manitoba government is about to sign a [Read more]

Canadian Prime Minister Mark Carney, asked about reports that U.S. officials had met separatists seeking independence for the province of Alberta, on Thursday said he expected the U.S. administration to respect Canadian sovereignty. The Financial Times said State Department officials had held three meetings with the Alberta Prosperity Project, a group that is pushing for a referendum on whether the energy-producing Western province should break away from Canada. "We expect the U.S. [Read more]

The risk of U.S. power outages is worsening due to a changing mix of electricity supplies and rapidly growing demand in the winter months, the North American Electric Reliability Corporation said on Thursday. Before the end of the decade, the Mid-Atlantic, Midwest, Northeast and Texas regions may be at high risk of power supply shortfalls, the regulator said in its long-term assessment, NERC said. A winter storm this week knocked out power to more than 1 million U.S. homes and businesses at [Read more]

Coterra Energy and Devon Energy could announce an agreement to merge as soon as next week, in what would be the largest oil and gas deal in the U.S. shale industry in almost two years, a source familiar with the matter told Reuters on Thursday. The Financial Times was the first to report the talks between the two companies were at an advanced stage and that they could be billed as a merger of equals. Coterra and Devon Energy did not immediately respond to Reuters' requests for comment. A [Read more]