Young health-care providers at Havana’s Cardiology Institute describe a double-whammy of desperation in their work and private lives. They’re anxious about what the future holds since a U.S. oil embargo in January led to dramatic fuel shortages in Cuba, along with soaring food prices and nationwide power outages. These factors …
Read More »Iran threatens attacks on Gulf oil infrastructure as Israel kills another regime official
Iran’s state television published a threat on Wednesday saying the country would be attacking oil and gas infrastructure in Qatar, Saudi Arabia and the United Arab Emirates amid a new wave of strikes on its Persian Gulf neighbours and Israel. Iran used some of its latest missiles to evade air …
Read More »Amid an energy crisis, the world is drawing on its oil reserves. Why doesn’t Canada have any?
Listen to this article Estimated 5 minutes The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. With war in the Middle East keeping the critical Strait of Hormuz fuel route closed, the …
Read More »Ukraine, its allies object to U.S. move to exempt Russian oil from sanctions for at least 30 days
Listen to this article Estimated 6 minutes The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. The United States issued a 30-day licence for countries to buy Russian oil and petroleum products …
Read More »Social media video shows drone strike on Oman oil storage facility
March 11 News Duration 0:24 A video posted to social media Wednesday shows a drone strike on an oil storage facility at Oman’s Port of Salalah. CBC News verified the footage by matching the facility shown to maps and other pictures of the port, by comparing the explosion to other …
Read More »Oil spill in St. Clair River contained, according to Suncor in Sarnia
Listen to this article Estimated 2 minutes The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. A spill in the St. Clair River has been contained, according to Suncor. The Sarnia, Ont., …
Read More »Can Trump’s ‘gunboat diplomacy’ stop Iran from blocking the flow of oil? Not likely, say experts
With jagged cliffs rising from the Arabian Sea, the Strait of Hormuz is striking in its scenery — and these days, its emptiness. This resource superhighway, which normally hosts more than a hundred of the world’s largest oil and liquid natural gas (LNG) tankers every day, has seen no more …
Read More »Oil prices spike to highest levels in years as Iran war intensifies
Oil prices spiked to near $120 US per barrel before falling back on Monday as the Iran war intensified, threatening production and shipping in the Middle East and pummelling financial markets. The price for a barrel of Brent crude, the international standard, surged to $119.50 US per barrel early in …
Read More »All about the Strait of Hormuz and what’s at stake if the key global oil supply route is disrupted by war
Listen to this article Estimated 4 minutes The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. Oil prices jumped Monday as the widening war in Iran disrupted tanker traffic through the Strait …
Read More »Oil jumps 10% on Iran conflict and could spike to $100 US a barrel, analysts say
Listen to this article Estimated 3 minutes The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. Brent crude jumped 10 per cent to about $80 US a barrel over the counter on …
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