12:01:43 EDT Tue 13 Oct 2026
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Occidental Petroleum CDR (CAD Hedged)
Symbol OXY
Shares Issued 550,000
Close 2026-10-09 C$ 24.97
Market Cap C$ 13,733,500
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Globe/wire say Exxon told diesel deal a "nothingburger"

2026-10-13 07:31 ET - In the News

See In the News (C-XOM) Exxon Mobil CDR (CAD Hedged)

The Globe and Mail reports in its Saturday edition that President Donald Trump said on Friday that he has cut a diesel deal with Russia to help lower fuel prices, but analysts believe the impact will be minimal. A Reuters dispatch to The Globe reports Mr. Trump announced on social media a "highly successful" talk with President Vladimir Putin, agreeing that Russia will supply over 300,000 tonnes of diesel to U.S. and global markets. Ukrainian President Volodymyr Zelensky criticized Mr. Trump's move. "Gifts to Putin will not bring peace or any benefit to the civilized world. Russia will 'repay' the diesel with further terror and perfidy," he said on X. The U.S. Treasury Department issued a general licence on Friday allowing Russian diesel imports until April 7. Mr. Trump said Russia would supply another 500,000 tonnes in November and a further one million tonnes "immediately thereafter." Even more would follow, Mr. Trump said, "based on the condition of their diesel refineries," which have been damaged by Ukrainian attacks. "I cannot overstate how much of a nothing burger this is," Rory Johnston at CommodityContext, said on X, adding that Russia usually exports much more diesel when its refineries are not under attack.

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