Rashid Husain Syed

Canada, Saudi Arabia, Toronto, United Arab Emirates

Business and Energy Journalist at Freelance

Free lancer for Globe and Mail, Toronto Star, Canadian Energy Research Institute, Dawn and BBC. Wrote for two decades for Saudi Gazette, Arab News.

Articles

Middle East clash sends oil prices soaring

1 week ago | troymedia.com | Rashid Husain Syed

Reading Time: 3 minutesThe Israel-Iran conflict just flipped the script on falling oil prices, pushing them up fast, and that spike could hit your wallet at the pumpOil prices are no longer being driven by supply and demand. The sudden escalation of military conflict between Israel and Iran has shattered market stability, reversing earlier forecasts and injecting dangerous uncertainty into the global energy system.
Oil prices headed for a fall. That’s bad news for Canada

2 weeks ago | troymedia.com | Rashid Husain Syed

Reading Time: 4 minutesOil prices are dropping fast as the world pumps more than it needs – and that’s bad news for CanadaOil prices are on the verge of a sharp and sustained decline. Despite short-term fluctuations and a range of analyst views, the underlying market fundamentals—surging global supply and flat demand—point to one outcome: crude is going down.
Oil producers brace for market share battle

3 weeks ago | troymedia.com | Rashid Husain Syed

Reading Time: 4 minutesOPEC+ launches a crude oil price war, and everyone will feel the pain The gloves are off. OPEC+—the alliance of major oil-producing countries led by Saudi Arabia and Russia—has abandoned its price-support strategy. Instead, it’s flooding the market to punish overproducers and claw back market share, regardless of the consequences. For three consecutive months, despite falling prices, OPEC+ has ramped up output, bringing back 1.37 million barrels per day to the market.
Carney bold energy promises face skepticism in Alberta

1 month ago | troymedia.com | Rashid Husain Syed

Reading Time: 3 minutesCarney vows action but Alberta wants to see results and the repeal of Trudeau-era regulationsOttawa is promising speed, Alberta is demanding proof, and the future of Canada’s energy industry hangs in the balance. A change in government hasn’t changed the tone—mistrust still defines the relationship between Ottawa and the oil-rich West. That tension is far from resolved, and any reconciliation may still be weeks or months away.
Trump Gulf investment tour faces harsh economic reality

1 month ago | troymedia.com | Rashid Husain Syed

Reading Time: 4 minutesDespite the splashy headlines, oil prices, borrowing limits and domestic priorities may keep Gulf investment promises from becoming realityFor his first major foreign trip of his second term, U.S. President Donald Trump chose the oil-rich Gulf states—Saudi Arabia, Qatar and the United Arab Emirates. But rather than focusing on diplomacy or conflict resolution, the trip revolved around business.
Canada’s oil sector outperforms U.S. shale as prices shift

1 month ago | troymedia.com | Rashid Husain Syed

Reading Time: 4 minutesLow-cost oilsands give Canada a crucial edge as U.S. shale oil struggles with rising costsWhile global oil markets have rebounded slightly on news of a U.S.-China trade truce, not all producers are equally positioned to benefit. In North America, the contrast is clear: Canada’s oil sector is built for stability, while the U.S. industry is showing signs of strain.
Saudi oil strategy shift spells trouble for Alberta

1 month ago | troymedia.com | Rashid Husain Syed

Reading Time: 4 minutesRiyadh is walking away from its role as oil market stabilizer, signalling a return to market-share battles that threaten prices and Canadian revenuesAfter boosting crude oil output by 411,000 barrels per day (bpd) in May—triple the originally planned volume—OPEC+ shocked observers by intending to repeat the increase in June, despite slowing global demand and the dampening effects of U.S. trade tariffs. The decision has ripple effects far beyond the Middle East.
Saudi oil strategy shift spells trouble for Alberta

1 month ago | edmontonsbusiness.ca | Rashid Husain Syed

Riyadh is walking away from its role as oil market stabilizer, signalling a return to market-share battles that threaten prices and Canadian revenuesAfter boosting crude oil output by 411,000 barrels per day (bpd) in May—triple the originally planned volume—OPEC+ shocked observers by intending to repeat the increase in June, despite slowing global demand and the dampening effects of U.S. trade tariffs. The decision has ripple effects far beyond the Middle East.
Global oil market chaos puts Canada’s economy at risk

2 months ago | troymedia.com | Rashid Husain Syed

Reading Time: 4 minutesFalling oil prices, growing oversupply and rising recession fears are hitting Canada’s energy sector hard and dragging down the country’s economic outlookGlobal crude oil markets are entering a dangerous phase, and oil-rich Canada, the world’s third-largest producer, is caught in the crossfire. Warning signs are flashing everywhere. Recession fears are mounting. Oil demand is softening. Global supplies are swelling.
Trump trade war is throttling global oil demand

2 months ago | troymedia.com | Rashid Husain Syed

Reading Time: 3 minutesIEA, OPEC and major banks slash forecasts, warning of long-term demand drag from U.S. trade actionsU.S. President Donald Trump’s aggressive tariffs on China and other key trading partners are casting a shadow over the global energy market, driving down oil demand forecasts and fuelling investor uncertainty. Global oil demand is now expected to grow at its slowest pace in five years in 2025, with U.S. production growth also tapering off.