Energy (Legacy)

Canada has `very special status,` not a NAFTA target: Trump adviser

Canada has `very special status,` not a NAFTA target: Trump adviser

Published 23/01/2017

FILE PHOTO - Canada's Prime Minister Justin Trudeau speaks during a meeting with representatives of the Congress of Aboriginal Peoples on Parliament Hill in Ottawa, Ontario, Canada on January 10, 2017. REUTERS/Chris Wattie/File Photo

Canada has a "very special status" and is unlikely to be hit hard by changes the United States wants to make to the NAFTA trade accord, the head of a business advisory council to U.S. President Donald Trump said on Monday.

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Japan threatens India with WTO on steel as Trump era heralds rising trade tensions

Japan threatens India with WTO on steel as Trump era heralds rising trade tensions

Published 23/01/2017

Chimneys of a steel factory are pictured at an industrial area in Kawasaki, Japan, January 16, 2017. Picture taken January 16, 2017. REUTERS/Kim Kyung-Hoon

Japan is threatening to take India to the WTO over restrictions that nearly halved its steel exports to the South Asian nation over the past year, a step that could trigger more trade spats as global tensions over steel and other commodities run high.

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Oil eases after two-day gain, rising U.S. production weighs

Oil eases after two-day gain, rising U.S. production weighs

Published 23/01/2017

A pump jack stands idle in Dewitt County, Texas January 13, 2016. REUTERS/Anna Driver

Oil ticked lower on Monday, falling for the first time in three sessions as prospects of rising U.S. production weighed on the market.

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Trump to begin renegotiating NAFTA pact soon with Mexico, Canada

Trump to begin renegotiating NAFTA pact soon with Mexico, Canada

Published 23/01/2017

U.S. President Donald Trump attends a swearing-in ceremony for senior staff with Vice President Mike Pence at the White House in Washington, DC January 22, 2017. REUTERS/Carlos Barria

U.S. President Donald Trump said on Sunday he plans talks soon with the leaders of Canada and Mexico to begin renegotiating the North American Free Trade Agreement (NAFTA).

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Canada is not the focus of Trump team`s trade worries: envoy

Canada is not the focus of Trump team`s trade worries: envoy

Published 23/01/2017

U.S. President Donald Trump speaks during the Inaugural Law Enforcement Officers and First Responders Reception in the Blue Room of the White House in Washington, U.S., January 22, 2017. REUTERS/Joshua Roberts

The Trump administration's main concerns about trade revolve around deficits with Mexico and China, Canada's ambassador to the United States told reporters on Sunday, saying his country was not the focus of U.S. efforts to renegotiate NAFTA.

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Ministers laud strong start to OPEC, non-OPEC oil output cuts

Ministers laud strong start to OPEC, non-OPEC oil output cuts

Published 22/01/2017

A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen before a news conference at OPEC's headquarters in Vienna, Austria December 10, 2016. REUTERS/Heinz-Peter Bader

OPEC and non-OPEC countries have made a strong start to lowering their oil output under the first such pact in more than a decade, energy ministers said on Sunday as producers look to reduce oversupply and support prices.

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Oil prices edge up on weaker dollar, expected crude output cuts

Oil prices edge up on weaker dollar, expected crude output cuts

Published 16/01/2017

FILE PHOTO: A worker checks the valve of an oil pipe at the Lukoil company owned Imilorskoye oil field outside the Siberian city of Kogalym, Russia, January 25, 2016. REUTERS/Sergei Karpukhin/File Photo

Oil prices inched up on Monday, supported by a weaker dollar and expectations that OPEC and other producers will cut output as part of a deal to curb global oversupply.

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Oil recovers some previous losses, but doubts over supply cuts linger

Oil recovers some previous losses, but doubts over supply cuts linger

Published 10/01/2017

A customer uses a petrol nozzle in a gas station in Nice August 8, 2012. REUTERS/Eric Gaillard

Oil markets edged higher on Tuesday on expectations that at least some planned production cuts would be implemented, making a slight recovery from big losses the previous day over doubts the agreed reductions would rebalance an oversupplied market.

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Oil prices rise as markets eye OPEC, non-OPEC production cuts

Oil prices rise as markets eye OPEC, non-OPEC production cuts

Published 03/01/2017

A flame rises from a chimney at Taq Taq oil field in Arbil, in Iraq's Kurdistan region, August 16, 2014. REUTERS/Azad Lashkari

Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non-OPEC members to cut production, which kicked in on Sunday, will be effective in draining a global supply glut.

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Oil prices edge down ahead of OPEC, non-OPEC production cuts

Oil prices edge down ahead of OPEC, non-OPEC production cuts

Published 28/12/2016

Plants are pictured near an oil pump, owned by oil company Rosneft, in the settlement of Akhtyrskaya in Krasnodar region, southern Russia, December 21, 2014. REUTERS/Eduard Korniyenko

Oil prices edged down on Wednesday as the market waits to see how OPEC and non-OPEC members carry through on planned supply cuts in the new year.

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