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Real-time News
May 5th - According to foreign media citing four sources familiar with the matter, a proposed pipeline project to transport Canadian crude oil to the United States is nearing the minimum commitments required by oil companies, thus paving the way for the projects progress. The project is a pipeline extending from Alberta, Canada to Wyoming, USA. If successfully implemented, it is expected to increase Canadian crude oil exports to the United States by more than 12%, providing Canada with much-needed pipeline transportation capacity. President Trump signed an executive order last Thursday authorizing the cross-border project. According to the four sources, oil companies have already committed to transporting at least 400,000 barrels per day via the pipeline, approximately 72% of their initial capacity of 550,000 barrels per day. According to regulatory filings submitted by Bridger, the projects final capacity can be expanded to 1.13 million barrels per day.Japanese Prime Minister Sanae Takaichi: I am deeply concerned about the attacks suffered by the United Arab Emirates.Sources revealed that major oil companies have committed to transporting at least 400,000 barrels per day of crude oil, representing about 72% of the pipelines initial capacity of 550,000 barrels per day.Sources revealed that the proposed South Bow-Bridger oil pipeline project, which runs from Canada to the United States, is close to securing the minimum commercial throughput required to begin construction.On May 5th, European Commission President Ursula von der Leyen responded to US President Donald Trumps recent threat of tariffs on automobiles, stating that the US cannot unilaterally raise tariffs and the EU is prepared for "all scenarios." On May 1st, Trump posted on social media that the US would raise tariffs on EU cars imported into the US because the EU had not complied with its bilateral trade agreement. Trump said tariffs on EU cars would increase to 25%. He added that cars manufactured in the US would not be subject to tariffs. In response, a European Commission spokesperson stated that the EU would "reserve all options" and assess possible follow-up measures. The spokesperson also stated that the EU is implementing the relevant trade agreement according to normal legislative procedures and is continuously informing the US of its progress.
