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
29 January 2026
Caught between LNG risks from across the Atlantic and the wounds from Russian gas dependence, Europe needs more than a simple diversification strategy
28 January 2026
The alliance looks to bolster market management credibility by bringing greater clarity and unity to output cuts and producer capacity later in 2026
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions






