Prime Minister Stephen Harper (L) of Canada welcomes US President Barack Obama to the G8 Summit at Deerhurst Resort in Huntsville, Ontario, on June 25, 2010.
The recently announced high-profile oil and gas acquisitions by Chinese state-controlled companies highlight the numerous opportunities for the US and Canada to both partner and compete in global energy markets. Keep reading →
The bureaucrats in Beijing and the businessmen in Shanghai have been busy in recent weeks, negotiating a series of headline deals that sync into broader themes of Chinese access to global energy and commodities markets.
Bankers at Wall Street and City of London banks have spent much of the past week telling financial reporters that the impending sale of the remaining 80% of the Asian arm of French bank Credit Agricole represented an old finance industry meme: an out-of-towner overpaying for access to the premier league of global banking. Keep reading →
CNOOC’s proposed bid for Canadian oil-and-gas producer Nexen would increase Asia’s sway and influence over the pricing of Brent crude, the global oil benchmark, market analysts said Tuesday. The proposed takeover, which would be China’s biggest foreign acquisition, would put the largest crude stream that feeds into the physical Brent benchmark into Chinese hands. This would mean exclusive insight into North Sea production issues and maintenance that will affect the price of Brent crude and other crudes priced off of it.