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

Global oil market chaos puts Canada’s economy at risk

15 hours 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

1 week 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.
Crude oil collapse puts pressure on global producers

1 week ago | troymedia.com | Rashid Husain Syed

Reading Time: 5 minutesCanada, and the world, brace for impact as global oil prices plunge and economic risks growA wave of new tariffs and growing geopolitical tensions—particularly between the U.S., China and other major economies—has rattled global trade and energy markets. The resulting slowdown in economic activity is dragging down demand for crude oil. Fears of a global recession, or even depression, can no longer be dismissed.
Oil prices slide despite market rebound

2 weeks ago | troymedia.com | Rashid Husain Syed

Reading Time: 5 minutesTrump’s tariff pause cheers markets, but China’s retaliation and oil turmoil keep risks highGlobal markets have staged a dramatic rebound after U.S. President Donald Trump announced a 90-day pause on most newly enacted tariffs. While markets soared on the unexpected move, fears of recession and geopolitical risk continue to cast a long shadow. Trump’s simultaneous decision to raise tariffs on Chinese imports to a staggering 125 per cent keeps trade tensions alive.
Trade war threatens oil markets and global energy stability

4 weeks ago | troymedia.com | Rashid Husain Syed

Reading Time: 4 minutesThe global trade war is rattling oil markets. OPEC+ is pumping out more supply, demand is slipping, and energy producers face mounting uncertaintyGlobal energy markets are being pulled in multiple directions—and the average consumer may soon feel it. Trade wars, geopolitical tensions and shifting production strategies are distorting prices and creating uncertainty for oil producers and governments alike.
Carney stands by emissions cap; Smith warns of unity crisis

1 month ago | troymedia.com | Rashid Husain Syed

Reading Time: 5 minutesPrime Minister Mark Carney and Alberta Premier Danielle Smith clash on emissions cap as energy industry demands actionEnergy policy is shaping up to be a defining issue in Canada’s upcoming federal election. With climate goals clashing with economic and regional concerns, the direction taken by the next government could reshape the future of the country’s most important industry—oil and gas.
Oil demand faces reckoning as EVs surge

1 month ago | troymedia.com | Rashid Husain Syed

Reading Time: 4 minutesGlobal oil demand is slowing as electric vehicles gain ground and China nears peak oil consumption. Is this the beginning of the end for gasoline? Despite calls to “drill, baby, drill,” electric vehicles continue to erode global gasoline demand, while China’s stalling crude consumption is amplifying the trend. Together, these factors are delivering a double blow to the energy demand-supply equation. Not long ago, EVs were at the forefront of an “incoming” energy revolution.
The era of total U.S. dependence for exports is over

1 month ago | troymedia.com | Rashid Husain Syed

Reading Time: 5 minutesCanada has little choice but to expand pipeline capacity and build infrastructure to ship oil beyond North AmericaGlobal energy leaders are beginning their annual pilgrimage to the George R. Brown Convention Centre in Houston, Texas, for the week-long CERAWeek conference. More than 8,000 delegates are converging to discuss, deliberate and hear leaders share their views on the current state of the energy industry.
Canada retaliation against Trump tariffs could backfire

1 month ago | troymedia.com | Rashid Husain Syed

Reading Time: 4 minutesCan Canada afford to play hardball with its largest trading partner? Experts warn Canada has more to lose than the U.S. in an energy warCanada is waking up to a stark reality: the United States is no longer the reliable trade partner it once was. The shift has been sudden, with tariff threats and protectionist policies forcing Canada to rethink its economic strategy.
How U.S. tariffs are threatening Canada energy future

2 months ago | troymedia.com | Rashid Husain Syed

Reading Time: 4 minutesU.S. tariffs on Canadian oil are looming, yet Ottawa is still debating solutions. Will we build the pipelines we need before it’s too late? With a possible endgame in sight in the Russian war against Ukraine and tariffs on Canadian energy exports to the U.S. just around the corner, the global energy chessboard is undergoing a massive transformation. How will these shifts alter the global energy landscape? What impact will they have on energy markets? The debate is on.