Canada's Saudi spat and oil's new world order
Canada's relations with the oil superpower have taken a turn for the worse
It all started with a tweet. In 280 characters, Canada's Global Affairs Ministry unleashed one of the fiercest diplomatic clashes with Saudi Arabia in memory. A seemingly innocent plea to release "peaceful" female human rights activists was met with a decidedly undiplomatic response. The reaction was immediate and swift—and unexpected in its ferocity. Crown Prince Mohammed Bin Salman expelled ambassadors, suspended all flights between the two countries, revoked visas and ordered the liquidation of all Canadian assets. A Saudi youth group went as far as to post a disturbing image of an airliner colliding with the CN Tower in Toronto in an apparent 9/11 style attack. Although the dispute is os

Also in this section
11 August 2025
The administration is pushing for deregulation and streamline permitting for natural gas, while tightening requirements and stripping away subsidies from renewables
8 August 2025
The producers’ group missed its output increase target for the month and may soon face a critical test of its strategy
7 August 2025
The quick, unified and decisive strategy to return all the barrels from the hefty tranche of cuts from the eight producers involved in voluntary curbs signals a shift and sets the tone for the path ahead
7 August 2025
Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy