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OPEC+’s cohesive restraint
The alliance is keeping output on track and the market in balance amid geopolitical tensions and a fragile supply-demand ledger
OPEC+ set to strengthen its hand
The alliance looks to bolster market management credibility by bringing greater clarity and unity to output cuts and producer capacity later in 2026
Oil in 2026: Five factors to watch
Petroleum Economist takes a look at the critical developments that look set to govern the course of the market for this year
Venezuela upends global heavy crude market
The ripple effects of US refiners switching to Venezuela grades will be felt from Canada to China and everywhere in between
Oil’s tanker transformation
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
Letter from the US: The curse of strong energy exports
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
OPEC’s discipline sets tone for 2026
OPEC+ remains on track as output falls, with only Gabon failing to hit its output targets in December, although Kazakhstan’s compliance was involuntary
Southeast Asia’s digital age requires the right energy mix
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
Outlook 2026: APAC is steadily growing and supporting its biofuels industry
The region’s access to versatile feedstock, combined with policy support, is setting it up to meet growing demand both at home and abroad
Canada's oil growth optimism
Companies are bullish despite combined effect of market volatility, tariff threats, regulatory issues and midstream constraints
Alberta can export to Asia via the Prince Rupert port system
Downstream Markets Canada
Vincent Lauerman
Calgary
27 November 2025
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Alberta’s energy hub sees silver lining

US tariffs bolster Alberta’s Industrial Heartland exports to Asia

Alberta’s Industrial Heartland, Canada’s largest hydrocarbon processing centre, has already been negatively impacted by the anti-trade policies of the second Trump administration, with Michigan-based Dow suspending construction of its $6.5b Path2Zero decarbonisation and expansion project at its petrochemical plant in the region in April. “We have a wide range of companies that operate here and there is a wide range of hydrocarbon-based products being produced,” Mark Plamondon, executive director of the Alberta’s Industrial Heartland Association (AIHA), told Petroleum Economist. “The majority of heartland products move out of the region, and the majority of those move to the US.” “So, tariffs

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