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On January 19th, according to foreign media reports, international crude oil futures fell as the possibility of a US attack on Iran leading to supply disruptions decreased, while the market closely watched the US tariff threats over Greenland. As of 21:58 Beijing time, the March Brent crude oil futures contract fell $0.37, or 0.58%, to $63.76 per barrel. The US crude oil futures contract fell $0.28, or 0.47%, to $59.16 per barrel. Rystad analyst Janiv Shah said, "With the rumors of a US attack fading over the past few days, the market is now focused on the situation in Greenland and the extent of the potential serious consequences between the US and Europe, as any escalation of the trade war could impact demand." PVM Oil Associates analyst John Evans said the market also faces the risk of damage to Russian infrastructure and distillate supplies, as forecasts of colder weather in North America and Europe, coupled with concerns about Iran, are making the market uneasy.January 19th - Sources familiar with the matter revealed that Googles sales of Gemini AI models have surged over the past year. Gemini API calls have more than doubled, reaching 85 billion; Gemini Enterprise has grown to 8 million subscribers. Sources indicated that this is expected to boost revenue from Google Cloud server sales, a core business, as customer spending on AI often leads to additional spending on other Google products.The Syrian Democratic Forces, led by the Kurds, say that the Shadadi prison is currently outside their control.Indian Foreign Secretary: India and Afghanistan aim to double bilateral trade to $200 billion by 2032.According to Reuters calculations, Russias oil and gas revenues are expected to fall to 420 billion rubles in January due to weak oil prices and a stronger ruble.

Trudeau: Canada Will Be A Good Energy Partner For Europe, But Won't Compromise on Climate Goals

Aria Thomas

May 09, 2022 09:42

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Canada wants to be a good energy partner to Europe, but it will not compromise its climate goals or planned shift to cleaner energies, Canadian Prime Minister Justin Trudeau declared late Sunday night.


During an unscheduled visit to Ukraine, Trudeau stated that he has faith in the Bank of Canada's efforts to curb three-decade-high inflation. Earlier, Trudeau announced that Canada will supply Ukraine with new weaponry and equipment and reopen its embassy in the countryștiis capital, Kyiv.


After years of failing to fulfill its climate objectives, Canada published in March a strategy for achieving them by 2030, outlining specific plans and C$9.1 billion ($7.3 billion) in spending to reduce planet-warming carbon emissions. It intends to decrease carbon emissions by 40-45% below 2005 levels by 2030.


Oil and gas is the most polluting industry in Canada, accounting for 26% of total emissions. To fulfill the government's goal, the industry would have to implement substantial reductions.


"Canada is one of the major oil and gas producers in the world, but we also recognize the importance of accelerating the transition to net zero," added Trudeau.


Canada's natural resources minister told Reuters on Friday that the government is in talks with Repsol (OTC:REPYY) and Pieridae Energy, the companies behind two proposed east coast liquefied natural gas (LNG) export facilities, to determine how it can expedite the projects and increase supply to Europe. 


Sunday, Trudeau stated, "We seek to be good energy partners with our European allies, but we will never relent in our battle against climate change."


The same infrastructure that may be utilized for LNG can also be used for hydrogen and ammonia, which may power the shift away from fossil fuels.

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