Canada takes a page from the Saudi oil playbook, Reuters columnist says
Published . Updated .
This report is about oil and tanker shipping.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+4.8% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+6.5% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF+38.2% 18d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story.
- EWC iShares MSCI Canada ETF+2.0% 30d
iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”).
- KSA iShares MSCI Saudi Arabia ETF-7.0% 30d
iShares MSCI Saudi Arabia ETF holds stocks listed in Saudi Arabia, which this story is about (“saudi”).
- FRO Frontline+0.2% 30d
Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “oil” (tanker shipping) in this story.
- XOM ExxonMobil Holdings+9.0% 13d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- DHT DHT Holdings
DHT Holdings (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “oil” (tanker shipping) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | -3.36% | -2.27% | base | -1.78% | +0.26% | after close | after close |
| XLE | -2.42% | -2.96% | base | -1.97% | -1.69% | after close | after close |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| EWCNo price data for this ticker | — | — | — | — | — | — | — |
| KSANo price data for this ticker | — | — | — | — | — | — | — |
| FRONo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -3.61% | -3.44% | base | -2.35% | -1.33% | after close | after close |
| DHTNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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Canada takes a page from the Saudi oil playbook, Reuters columnist says Mining Weekly
Source: Mining Weekly
Energy
| Company | When | Move | Status |
|---|---|---|---|
| USO | that day | -1.78% | final price |
| USO | the next day | +0.26% | final price |
| USO | three days earlier | -2.27% | final price |
| USO | five days earlier | -3.36% | final price |
| XLE | that day | -1.97% | final price |
| XLE | the next day | -1.69% | final price |
| XLE | three days earlier | -2.96% | final price |
| XLE | five days earlier | -2.42% | final price |
| XOM | that day | -2.35% | final price |
| XOM | the next day | -1.33% | final price |
| XOM | three days earlier | -3.44% | final price |
| XOM | five days earlier | -3.61% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 57 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought ExxonMobil Holdings (XOM), worth $250,001 - $500,000 on 31 Jul 2026. That is 88 days before publication. Filed 22 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
How solid the energy case looks
12 out of 100
“Canada takes a page from the Saudi oil playbook, Reuters columnist says” scores 12 out of 100. The score uses 1 sources.