Trump moves to revoke potentially thousands of Chinese students' visas
U.S. President Donald Trump says he is beginning to revoke the visas of Chinese students, including those with links to the Communist Party and in certain 'critical fields.' Though it's being challenged in court, the move could impact thousands of students.
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CTV News
29 minutes ago
- CTV News
Police probe suspicious death after man's body found at north Edmonton fire scene
Edmonton police said Sunday they're investigating after a man was found dead at the scene of an early morning fire in north Edmonton. Police said in a media release they were contacted by Edmonton Fire Rescue Services at 2:47 a.m. after firefighters found the man's body at the scene near 120 Avenue and 77 Street. Police are calling the death suspicious. Edmonton police homicide detectives have taken over the case. An autopsy is slated for Tuesday. Anyone with information about the death is asked to call police at 780-423-4567.
Globe and Mail
an hour ago
- Globe and Mail
US-China Trade Tensions and Fears of a Big OPEC+ Production Hike Weigh on Crude
July WTI crude oil (CLN25) Friday closed down -0.15 (-0.25%), and July RBOB gasoline (RBN25) closed down -0.0221 (-1.08%). Crude oil and gasoline prices today fell to 3-week lows. Dollar strength Friday weighed on crude prices along with the escalation of trade tensions between the US and China, the world's two largest crude consumers. Crude prices also came under pressure Friday after Reuters reported that OPEC+ is considering a July increase in crude production of more than an earlier projected +411,000 bpd. Losses in crude were limited after Libya threatened to shut down its oil production and exports after a militia group stormed the country's state oil headquarters. Also, the outlook for smaller US crude production is bullish for oil prices after Friday's weekly report from Baker Hughes showed active US oil rigs fell to a 3-1/2 year low. Crude prices fell Friday as an escalation of trade tensions between the US and China could lead to slower economic activity and reduced demand for crude. US Treasury Secretary Bessent said that trade talks with China were "a bit stalled," and President Trump accused China of violating its tariff agreement with the US. Crude prices came under pressure Friday after Reuters reported that OPC+ is considering an output increase for July that would be above the +411,000 bpd increase it agreed to for June. Weakness in the crude crack spread is negative for oil prices. Friday's crack spread fell to a 1-1/2 month low, discouraging refiners from purchasing crude oil and refining it into gasoline and distillates. Crude found support Friday after Libya's government said it may halt its crude production and exports in protest after a militia group stormed the state oil company's headquarters. Citigroup estimates that a shutdown of Libyan oil exports could result in a loss of up to 600,000 bpd of crude to global oil markets. Crude oil has support from comments from President Trump, who said that Russian President Putin was "playing with fire" for his continued attacks on Ukraine. CNN reported Tuesday that Mr. Trump could move ahead with new sanctions on Russia in the coming days. Also, Senator Graham said he has the votes in Congress to pass a sweeping sanctions bill against Russia that would slap a 500% tariff on any country that buys Russian energy products. Concern about a global oil glut is negative for crude prices, following Bloomberg's report last Thursday that OPEC+ is considering a 411,000 bpd crude production hike for July when it meets on May 31. On May 3, OPEC+ agreed to raise its crude production level by 411,000 bpd in June. Saudi Arabia has signaled that additional similar-sized increases in crude output could follow, which is viewed as a strategy to reduce oil prices and punish overproducing OPEC+ members, such as Kazakhstan and Iraq. OPEC+ is boosting output to reverse the 2-year-long production cut, gradually restoring a total of 2.2 million bpd of production. OPEC+ had previously planned to restore production between January and late 2025, but now that production cut won't be fully restored until September 2026. OPEC Apr crude production fell -200,000 bpd to 27.24 million bpd. Doubts about a nuclear deal between Iran and the US supported crude oil prices. Iranian Supreme Leader Ali Khamenei said last Tuesday that he doesn't think negotiations with the US will succeed, and he urged the Trump administration to stop "talking nonsense." President Trump recently said Iran will face "something bad" if it doesn't quickly accept a US proposal over its nuclear program. Crude has support on the outlook for smaller global oil supplies after the US State Department recently slapped sanctions on an international network that facilitated the shipment of millions of barrels of Iranian oil to China. The State Department sanctioned the alleged Iranian front company called Sepehr Energy Jahan Nama Pars for using revenue from the sales of crude to fund the development of weapons, including ballistic missiles and drones, nuclear proliferation, and Iran's "terrorist proxies." A decline in crude oil held worldwide on tankers is bearish for oil prices. Vortexa reported Monday that crude oil stored on tankers that have been stationary for at least seven days fell by -4.2% w/w to 95.40 million bbl in the week ended May 23. In a supportive factor for crude oil prices, the US on January 10 imposed new sanctions on Russia's oil industry that could curb global oil supplies. Russian oil product exports in March rose to a 5-month high of 3.45 million bpd, according to data compiled by Bloomberg from analytics firm Vortexa. Weekly vessel-tracking data from Bloomberg showed Russian crude exports fell by -90,000 bpd w/w to 3.4 million bpd in the week to May 18. Thursday's EIA report showed that (1) US crude oil inventories as of May 23 were -6.2% below the seasonal 5-year average, (2) gasoline inventories were -3.1% below the seasonal 5-year average, and (3) distillate inventories were -17.4% below the 5-year seasonal average. US crude oil production in the week ending May 23 rose +0.1% w/w at 13.401 million bpd, modestly below the record high of 13.631 million bpd from the week of December 6. Baker Hughes reported Friday that active US oil rigs in the week ending May 30 fell by -4 to a 3-1/2 year low of 461 rigs. The number of US oil rigs has fallen over the past two years from the 5-year high of 627 rigs posted in December 2022.
CTV News
an hour ago
- CTV News
Shooting leaves 1 dead, 11 hurt on a North Carolina street during a house party
In this image taken from WSOC video, various police and officials gather outside a community after a mass shooting, Sunday, June 1, 2025, in Hickory, a city in Catawba County, N.C. (WSOC via AP) HICKORY, N.C. — Gunfire erupted around a house party in western North Carolina early Sunday and one person was killed and 11 others were hurt, some with gunshot wounds and others with injuries from fleeing the shooting in a usually quiet residential neighborhood, sheriff's deputies said. Authorities said at least 80 shots were fired in the shooting that began at about 12:45 a.m. People reported running, ducking for cover and scrambling to their cars for safety. Hours later Sunday, law enforcement had made no arrests and was seeking tips from the public in the case. A statement from the Catawba County Sheriff's Office said a 58-year-old man, Shawn Patrick Hood, of Lenoir, was killed, the oldest of the victims who ranged in age from as young as 16. It said seven of the injured remained hospitalized late Sunday, though updates on their conditions were not immediately released. One of the victims was previously reported in critical condition. Authorities believe there was more than one shooter, a sheriff's spokesperson said. The agency said it was asking for people who attended the party to contact the office. Sheriff's office Maj. Aaron Turk aid at a news conference that the shooting occurred in a normally quiet neighbhoord in southwest Catawba County about 7 miles (11 kilometers) south of the city of Hickory. He said that about two hours before the shooting, someone in another home complained about noise from the party. He added that deputies responded but that investigators don't believe the noise complaint was the motivation for the shooting. Turk said the crime scene spanned several properties along a neighborhood road, covering about two acres (0.8 hectares), and included outdoor and indoor areas. The North Carolina State Bureau of Investigation and the Hickory Police Department are investigating the shooting. The FBI is also assisting in the case with a specialized evidence response team, officials said.
