Latest News
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Imperial Oil raises its 2026 spending and output forecast to boost cash flow and cut costs
Imperial Oil Canada announced on Monday that it will increase its capital expenditure and upstream production by?2026. The company is doubling down on high-return oil sands projects in order to reduce costs?and create a stronger cash flow. Oil companies are focusing more on efficiency and high-return projects, and less on large new developments. In September, the oil producer said it would 'cut about 20% of its staff by end-2027. This is part of a restructuring which will reduce its Calgary presence amid lower 'crude prices due to higher OPEC+ production and trade policy uncertainties. "Our 2026 Plan builds on Imperial's strong foundation and positions Imperial to structurally increase cash flow by moving?towards unit and volume cash cost targets in Kearl and Cold Lake," CEO John Whelan said. Imperial, which owns major oil sands assets across Canada including Cold Lake Kearl Syncrude and Syncrude sees capital and exploration expenses for '2026 between C$2.0 billion and C$2.2billion, an increase from C$1.9billion to C$2.1billion estimated for this year. The company expects upstream production to range between?441,000 and?460,000 barrels per day in 2026, compared with?433,000 to?456,000 boepd?it predicted for 2025. It expects to?throughput be between 395,000-405,000 barrels a day on the downstream front. This is down from 405,000-415, 000 barrels a day. The reason for this is planned turnaround activities at its Sarnia, and Strathcona, refineries. Reporting by Yagnoseni das and Varun sahay in Bengaluru, Editing by Vijay Kishore & Shailesh kuber
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Washington State flash flood warnings are issued after a levee rupture
Authorities announced on Monday that a levee break in Washington State following heavy rains has resulted in a flash flood alert and evacuation orders. National Weather Service?said?it issued a Flash Flood Warning after a failure of the Desimone levee in Tukwila, along the Green River about five miles from downtown Seattle. The National Weather Service said the 'waters are likely to be heading towards Interstate 405, which is a major road, and that an evacuation notice has been issued for a large part of King County. A social media message from the'service said: "Leave this area immediately if you find yourself there." The NWS stated that "conditions are dangerous, and access routes could be lost at any moment." Washington National Guard announced that it would be sending Guard members to King County. Over the weekend, the Guard helped flood-affected residents in the western part of Washington state. Levees have been breached in?Washington State for days, after torrential rains flooded a large swath of the Pacific Northwest. Rains began in the Pacific Northwest after a series of atmospheric riverstorms, which were vast?airborne?currents of dense moist air that had been sucked inland from the ocean. This included parts of northern Idaho and western Montana. Some areas received up to 20 inches of rainfall over a period of one week.
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Report: Chile copper mining is the most expensive in America, and this will discourage new investment.
According to a report published by the Chilean Copper Commission on Monday, Chile's copper industry has significantly higher operating costs than its?regional rivals, which could limit its ability to attract new investment, despite having?strong? geological resources. The study examined 67 greenfield copper project across the Americas and found that Chile has the highest capital intensity of all the countries studied for medium-capacity processing facilities, while ranking second for large-scale operations. Chile's energy costs for grinding range between $2.4 and $3 per metric ton processed. This is the highest cost in the region. * Labor costs in the country are lower than all regional competitors, with an average of $0.90 per tonne in medium-sized plants and $1.08 in large facilities. * The lower ore grade in Chilean deposits requires processing greater?mineral volume, increasing energy consumption as well as operational costs. * Chile's electricity rate is 31.3% more expensive than Peru's, and 35.2% higher than the United States. This is due to Chile's dependence on thermal power and its high transmission costs. According to the employment data in the report, there are 6,000 technical professionals affected by the?labor shortage every year. Reporting by Fabian Cambero, Writing by Kylie Madry
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Health ministry reports that Israeli forces killed a Palestinian teenager in West Bank.
According to the Palestinian Health Ministry, an Israeli soldier shot and killed a 16-year old Palestinian on Monday during a raid in the town of 'Tuqu'. This is the latest fatal incident in the recent violence that has erupted in the Israeli-occupied West Bank. According to a report from the Palestinian state-run news agency WAFA, citing the Tuqu' Town Council's head, the boy was shot after Israeli forces gathered late Monday in the town centre and started firing "indiscriminately". According to the report, Ammar Yaser Sabah was shot by the military with a live bullet in the chest. The report said that he was taken to hospital, but sadly he did not survive. The Israeli military informed? The Israeli military told? that soldiers used riot dispersal methods and then responded with fire after being pelted with rocks. The military said that the incident is being reviewed. Since the beginning of the two-year Gaza war in October 2023, violence has increased in the West Bank. Israeli settler attacks against Palestinians have 'increased sharply', while the military has tightened movement restrictions and conducted sweeping raids across several cities. According to the United Nations, more than 1,000 Palestinians were killed in the West Bank from October 7, 2023 until November 14, 2025. In the West Bank, 59 Israelis were killed over the same time period. According to official Palestinian statistics, 53 Palestinian minors were killed by Israeli forces this year in the West Bank. The West Bank is home for 2.7 million Palestinians, who enjoy limited autonomy under the?Israeli occupation. There are hundreds of thousands of Israelis who have settled in the West Bank. Many world powers consider Israel's settlements, which are located on land that it captured during a war in 1967, illegal. In addition, numerous U.N. Security Council Resolutions have called for Israel to cease?all settlement activities. Israel denies that the settlements are illegal, citing historical and biblical ties to the land. Israeli forces have cleared refugee camps forcing thousands of Palestinians to leave their homes. They are also maintaining the longest presence they've had in certain West Bank cities since decades. Human Rights Watch charged Israel with war crimes and crimes of humanity in November over forced expulsions it claimed to have occurred in the West Bank. Israel denies that it has committed such crimes. Reporting by Ali Sawafta, Pesha Magd and Aidan Lewis; writing by Pesha Magd. Editing by Aidan Lewis.
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US and Mexico sign new agreement regarding Tijuana river sewage crisis.
U.S. Environmental Protection Agency released a statement Monday announcing that the United States and Mexico have signed a new agreement to address 'the ongoing Tijuana river sewage crisis. Mexico and the U.S. have been at odds for decades over the issue of Mexican sewage flowing across the border into the Tijuana River and then into the Pacific Ocean. The EPA stated that the 'new agreement' saw the U.S. - and Mexican Sections - of the International Boundary and Water Commission, agree on infrastructure projects, research and enhanced monitoring. "And planning for the operation and maintenance" of critical systems and sites, which will 'account for the future population growth in Tijuana, the EPA stated. Earlier this summer, EPA Administrator Lee Zeldin signed a Memorandum of Understanding with Mexican Environment Minister Alicia Barcena in which Mexico 'agreed' to spend $93 million on improvements to Tijuana sewage systems and commit to a number of projects that would account for population growth and maintenance. (Reporting and writing by Ryan Jones; Editing by Franklin Paul).
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Gold gains are reduced as peace talks with Ukraine progress. US jobs data is the focus.
Spot gold retreated from its earlier gains after progress was made in the crucial?talks' between U.S. officials, and Ukrainian President Volodymyr Zelenskiy?aimed at ending?the war. Traders awaited important U.S. employment data. By 01:55 pm, spot gold had risen 0.2% to $4,309.82 per ounce. ET (18:55 GMT), following a rise of more than 1% in the earlier session. U.S. Gold Futures closed 0.2% higher, at $4335.2 per ounce. Jim Wyckoff, senior analyst at Kitco Metals, says that the progress in Russia-Ukraine talks appears to be dampening demand for safe-haven gold. He also added that the gold market is under pressure due to profit-taking, and liquidation of futures contracts by traders who purchased them earlier. Steve Witkoff, the U.S. Special Envoy to Ukraine, said that "a lot of progress has been made in Ukraine discussions," while an?U.S. Officials from both sides said that they have made progress in reducing the differences between Russia, Ukraine and other countries. The Federal Reserve will release its non-farm payrolls and retail data on Tuesday. This information could provide traders with more clues about the direction of the Fed's policy. According to CME FedWatch Tool, the markets are pricing in 78% of a rate reduction in January 2026. Gold is traditionally seen as a safe haven asset. It tends to do well in times of geopolitical or economic uncertainty. Silver spot rose 2.6%, to $63.61, from a record high of $64.65 reached on Friday. It is still within striking distance of the $65/oz mark. Silver is the most popular precious metal. Bob Haberkorn, senior market strategist at RJO Futures, said that by the end of next year we could be trading above $65 and as early as quarter one of the following year I could see up to $70. While spot platinum rose 2.5%, to $1.788.55, its highest level since Sept. 2011, palladium also reached a new two-month high with a nearly?5% increase to $1.560.25 an ounce. Nornickel of Russia, the largest palladium producer in the world, stated that the market for palladium could be deficient by 0.2 million ounces, including investment demand.
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Sources: U.S. Treasury rejects Xtellus' bid for Lukoil Assets
Four people familiar with the matter said that the U.S. Treasury rejected an 'offer' from a group headed by U.S. Bank Xtellus Partners to buy foreign assets of Russian Oil Company Lukoil. Xtellus was in a race with Exxon Mobil, Chevron and Abu Dhabi Group International Holding Company. MOL from Hungary and the U.S. Private Equity firm Carlyle are also still involved. The U.S. Treasury declined comment. Lukoil was willing to sell its assets in October after the U.S. sanctioned it and Kremlin controlled rival Rosneft to encourage Russia to reach a peace deal with Ukraine. Over a dozen companies bid on the assets of Lukoil, valued at approximately $22 billion. The assets include upstream gas and oil projects, refinery and more than 2,00 filling stations in Europe, Central Asia and the Middle East. Sources said that Xtellus offered to arrange a swap between Lukoil securities owned by U.S. 'investors, in a cashless transaction? to return them to Lukoil for the Russian firm's global assets. Sources said that Lukoil preferred the Xtellus offer, but that it was difficult to implement. Xtellus advises bid partners Todd Boehly, an American billionaire, and Allied Investment Partners, a group of Emirati investors. According to one source, Lukoil has already signed a purchase agreement with the Xtellus led group. Source: The Treasury informed the group it didn't have permission for them to use sanctioned security in a transaction. This was the reason their proposal was turned down. The plan now is to take?their proposal to a senior decision maker and try to reverse the rejection. They said the group would also apply for a licence to access these securities. U.S. investment fund owners have large Lukoil?shares which were written off and frozen after Russia's invasion of Ukraine in 2022, costing them billions of dollars. The plan was to sell the assets and then pay investors, or to return the shares to Lukoil as an exchange for the assets. The U.S. last week extended the deadline to negotiate with Lukoil until January 17. Reporting by Jarrett Renshaw and David Gauthier Villars, Writing by Dmitry Zhdannikov, Editing by Tomasz and David Goodman
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Sources: U.S. Treasury rejects Xtellus' bid for Lukoil Assets
Three people familiar with the matter said that the U.S. Treasury 'has rejected the offer of a group led U.S. -based Xtellus Partners to purchase the foreign assets owned by Russian oil.company Lukoil. Xtellus was competing with U.S. oil giants Exxon Mobil, Chevron and Abu Dhabi Group International Holding Company. Hungary's MOL, and U.S. Private Equity firm Carlyle are also still in the race. The U.S. Treasury declined comment. Lukoil was willing to sell its assets after the U.S. sanctioned it in October, along with the Kremlin controlled rival Rosneft to try to?push Russia towards a peaceful deal with Ukraine. Over a dozen companies bid on the assets of?Lukoil, valued at approximately $22 billion. Assets include upstream oil and gas projects, refining, and more than 2,00 filling stations in Europe, Central Asia and the Middle East. Sources said that Xtellus offered to arrange a swap between Lukoil securities owned by U.S. shareholders and the Russian?company’s global assets in exchange for a cashless transaction. Sources said that Lukoil preferred the Xtellus offer, but execution was difficult. Xtellus advises bid partners Todd Boehly, an American billionaire, and Allied Investment Partners of Emirati investors. U.S. investment fund owners have large amounts of Lukoil stock that was frozen and written off?after Russia’s invasion of Ukraine in 2022, resulting in a loss of?billions? of dollars. The plan was to sell the assets and then pay investors. The U.S. last week extended the deadline to negotiate with Lukoil until January 17. Reporting by Jarrett Renshaw and David Gauthier Villars, Writing by Dmitry Zhdannikov, Editing by Tomasz and David Goodman
Winless in the house, Cowboys strive 8th successive victory over Giants
The Dallas Cowboys and New york city Giants stumble onto spotlight for a. Thanksgiving Day fight of backup quarterbacks, as the out-of-contention NFC. East rivals have actually dished out an integrated 6 wins and 16 losses in 2024.
Cooper Rush helped the Cowboys (4-7) return to the win column at Washington. before the three-day preparation for playing vacation host to the Giants (2-9), who. have mixed plans in the middle of another potential quarterback switch. New York lugs a. six-game losing streak and some emotional drama to the table Thursday. afternoon.
The fight has absolutely existed, Cowboys coach Mike McCarthy said. But. we're still quite far down in the valley of hardship right now. We've made. one action in the best direction, so we've still got a great deal of reaching do.
The playoffs are an afterthought at the minute. Dallas is connected for 12th in the. NFC and the Giants are dead last with the last third of the season ahead.
Beating the Commanders 34-26 on Sunday helped the Cowboys breathe out, if just. quickly, and they will now try to win in the house for the first time in six tries. The Cowboys are aiming for a season sweep of the Giants for the 4th. consecutive season.
It was excellent to get some wind under our wings, however this Thursday's video game comes. on you so fast. That's truly where my mind is and my heart is, too, McCarthy. said.
Last in the NFL in scoring (14.8 points per game) and 28th in passing offense. at 187.9 yards per video game, the Giants are without highlighter-worthy names on. the offending hunting report. They took a trip to Texas on Wednesday without. last week's starting quarterback, Tommy DeVito, who was formally listed as. questionable because of a forearm injury.
The last win for the Giants, 29-20 at Seattle, came one week after losing. 20-15 to the Cowboys in September. New York is 0-4 against the NFC East. consisting of two losses by a combined eight indicate the Commanders.
Novice Giants wide receiver Malik Nabers flashes big-play capability. He's likewise. not shy about sharing his opinion.
Nabers received a good speaking to from head coach Brian Daboll after he. blasted the Giants' effort and felt New york city was soft in a 30-7 whipping at. the hands of the Tampa Bay Buccaneers on Sunday.
Defensive deal with Dexter Lawrence shared the belief only days after freely. contemplating why and how the Giants chose to hand the starting quarterback task. to the undrafted DeVito at the expense of 2019 first-rounder Daniel Jones.
When you lose a video game like that, there's frustration, Daboll said. Definitely, you wish to keep it in home. However you comprehend them, and I have actually. been doing this for a while. There's discussions that you have to have if. remarks like that are made. I respect the opinions of the players and of the. coaches. We'll work as tough as we can to get this fixed.
In Sunday's loss, Bucs protective deal with Calijah Kancey practically folded DeVito. in half on a first-quarter sack and staggered him again with a disconcerting hit in. the 4th quarter as he launched a pass.
Banged up in the after-effects, DeVito wasn't asked to complete a complete practice. the past three but did toss a few times Monday and Tuesday. He didn't. practice Wednesday and didn't accompany the team to Arlington, Texas, leaving. Drew Lock to get the call for the Giants if DeVito does not get transportation. to Texas and medical clearance by Thursday afternoon.
In front of DeVito, offending deal with Jermaine Eluemunor (quad) was eliminated. Evan Neal (hip) was on the long list of injury concerns for the Giants however had. no injury designation Wednesday. Eluemunor left last week's video game in the very first. half and could not return.
Bonus blockers most likely are compulsory to keep Cowboys pass rusher Micah Parsons. from feasting. Parsons had two sacks at Washington, his second game with. numerous sacks in three trips given that returning from a high-ankle sprain. He. had 2 sacks of Jones the last time the Giants visited for Thanksgiving in. 2022.
Nabers captured 12 passes for 115 yards from Jones in defeat versus the Cowboys. Week 4. That was before the QB switch. Nabers wasn't targeted in the first. half recently.
Giants running back Tyrone Tracy gets in the week in the proverbial doghouse. since of another pricey fumble, after his fumble in Week 10 at London gifted. the Carolina Panthers a game-winning field goal in overtime.
Blood is in the water now, Tracy said. You have actually got to comprehend this is the. NFL and ball security is task security.
Beyond their 0-5 home record, the Cowboys are 2-1 in the NFC East however have. been outscored by 98 points on the season. The nine-loss Giants own a minus-89. scoring margin.
Dallas was 8-0 in your home in the 2023 regular season, then began a streak of. 6 consecutive losses-- consisting of the wildcard blowout by the Packers-- by. an average of 22.3 points.
Rush was not unique at Washington, however he tossed a pair of TDs, completed 75. percent of his passes and didn't throw an interception. He was limited Monday. with a knee injury, but.
Cowboys running back Rico Dowdle dealt with a career-high 19 brings, for a. career-best 86 lawns last week, erasing his previous best-- 12 carries for 79. lawns and a goal-- versus the Giants last season. He caught a 15-yard. TD pass in the Cowboys' win over the Giants in September.
New York quit 156 rushing lawns to the Buccaneers, the fifth consecutive. video game of enabling a minimum of 140.
A win would bring the Cowboys' record to 5-7, good enough to find the fringe. of playoff chatter.
The Cowboys are hopeful for the return of key players, including tight end. Jake Ferguson (concussion), guard Tyler Smith (ankle/knee) and No. 1. cornerback Trevon Diggs (groin/knee) after they sat out Week 12. Wide receiver. Brandin Cooks (knee) is anticipated to be back for the very first time considering that Week 4,. however left guard Zack Martin (shoulder, ankle) will not play.
Cooks was triggered to the 53-man lineup on Wednesday, when the Cowboys moved. novice cornerback Caelen Carson (shoulder) and second-year offending lineman. Asim Richards (ankle) to hurt reserve. Defensive backs Andrew Cubicle and. Kemon Hall rose from the practice team.
-- Field Level Media
(source: Reuters)