Headlines

CALGARY - Alberta Premier Danielle Smith and Ontario Premier Doug Ford are set to share the stage in Calgary today to talk energy. The leaders will be in the city's downtown to talk about how to best get Canada's natural resources to market in a world of fluctuating politics and conflicts. Smith has placed energy at the centre of her government's agenda, particularly the need to get more oil to the British Columbia coast and from there to markets in Asia. It also comes as Canada [Read more]

Goldman Sachs said on Saturday that a US diesel export ban would initially put moderate downward pressure on diesel prices, and that restrictions on exports, including quotas, were a plausible outcome. Here are a few details: * US President Donald Trump on Tuesday backed the idea of banning US diesel exports, with the US being the world's largest exporter of the fuel. * However, US Energy Secretary Chris Wright said on Wednesday that such a ban would not work and could instead raise [Read more]

Oil prices rebounded more than 1% on Monday after US President Donald Trump rejected a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz, keeping tensions in the Middle East elevated. Brent crude futures rose $1.32, or 1.27%, to $105.64 a barrel by 0036 GMT while US West Texas Intermediate crude was at $93.11 a barrel, up 70 cents, or 0.76%. Iran announced a peace proposal last week at the UN General Assembly in New York, saying it had been transmitted to the [Read more]

Crude oil exports from key Middle East producers rebounded in September to 12.8 million barrels per day, the highest since the US-Israeli war with Iran started in February, data from Kpler showed on Monday, as Saudi Arabia and the United Arab Emirates boosted exports. The rebound came following a recovery in exports via the Strait of Hormuz, which were set to hit about 7.4 million bpd this month, as Saudi Arabia diverted oil exports from the Red Sea port of Yanbu following attacks that [Read more]

TORONTO - Five things to watch for in the Canadian business world in the coming week: Smith-Ford event Alberta Premier Danielle Smith and Ontario Premier Doug Ford will be at an event in Calgary talking about Canada's economic future on Monday. The premiers are expected to discuss how Canada builds, transports and sells its energy to the world. GDP report Statistics Canada will release its report for gross domestic product for July on Tuesday. The agency's preliminary estimate released last [Read more]

(Adds background on Saturday attack blamed on Houthis in final paragraph) * Trump rejects Iran's proposal for reopening Hormuz * Iran says reopening Hormuz hinges on conditions being met and negotiated solution * Senior Iranian official says Tehran shows no flexibility on nuclear program By Trevor Hunnicutt, Yomna Ehab and Menna Alaa El-Din WASHINGTON/UNITED NATIONS/CAIRO, Sept 27 (Reuters) - I ran on Sunday insisted that only diplomacy can solve its conflict with the United States and [Read more]