Canada Archives - The Daily Journal

Oil piles up in the Americas as Asia and Europe face shortages

October 13, 2026October 13, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- Heavy crude and other grades of oil have accumulated across the Americas in recent weeks as historically high maritime freight rates have hindered exports to Asia and Europe. This market paradox has left Asian and European buyers scrambling to secure supplies, with Brent crude prices exceeding $100 per barrel. Consumers in Asia […]

U.S. refineries boost Venezuelan crude purchases to highest level in nearly a decade

July 23, 2026July 23, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — U.S. refineries are increasing their purchases of Venezuelan crude oil, putting imports on track to reach their highest level in nearly a decade, according to a report by Bloomberg. Refineries along the U.S. Gulf Coast have stepped up acquisitions to secure heavy crude supplies as wildfires in Canada threaten logistics and […]