Friday, January 16, 2026
Canada’s Carney visits Asia to forge new alliances and reduce US dependence- oil and gas 360

Canada’s Carney visits Asia to forge new alliances and reduce US dependence

(BOE Report)– Canada’s Prime Minister Mark Carney embarks on his first official visit to Asia on Friday in an attempt to deepen trade and security ties at a time when the North American country is struggling to lessen its overwhelming dependence on the U.S. and redefine its foreign policy in pursuit of new markets. Canadian government officials said Carney’s week-long

Oil prices stabilise as oversupply concerns ease- oil and gas 360

Oil rises in choppy trade as investors focus on supply signals

(Investing.com)– Oil prices steadied on Tuesday on easing concerns about an oversupplied market and the trade dispute between the U.S. and China, the world’s top two oil consumers. Brent crude futures were up 7 cents, or 0.11%, at $61.08 a barrel at 1320 GMT. The U.S. West Texas Intermediate crude (WTI) contract for November delivery, set to expire on Tuesday, was

U.S.-China talks could shift to sanctioned oil, says Treasury Secretary- oil and gas 360

U.S.-China talks could shift to sanctioned oil, says Treasury Secretary

(World Oil)– U.S. Treasury Secretary Scott Bessent said the next round of U.S.-China talks could include a discussion of China’s purchases of Russian and Iranian oil, a signal that the focus could shift from more traditional trade issues to ones that cross over into matters of national security.   “Trade is in a good place,” Bessent said on CNBC, referring

Oil rises on US-China talks and Saudi supply dip- oil and gas 360

Oil rises on US-China talks and Saudi supply dip

(Investing) – LONDON -Oil prices extended gains on Tuesday, buoyed by U.S.-China trade talks and a dip in Saudi Arabian crude supply to China. Brent crude futures rose 23 cents, or 0.3%, to $67.27 a barrel by 1331 GMT, hovering near their highest since April 28. U.S. West Texas Intermediate crude was up 17 cents, or about 0.3%, at $65.46, near highs