Venezuela's oil storage tanks are reportedly filled with residual fuel as exports are slashed to a minimum, according to Reuters sources. Explore the details and implications of this significant development in the global energy sector.
U.S. crude oil imports dropped sharply last week to their lowest point in nearly five years, according to the Energy Information Administration. Explore the data and potential market impacts.
Brent crude steadies above $61 as markets brace for the largest yearly decline since 2020. Geopolitical risks and rising global supplies drive the surplus expected to pressure prices into 2026.
Crude oil finds balance as Venezuela, Russia tensions offset fears of a global surplus. WTI holds near $58, but heads for steep annual decline on OPEC+ output.
Crude oil prices reversed losses as US-led Ukraine peace talks faced new complications and China pledged fiscal support for growth. WTI settled above US$58.
Officials from the U.S. and Venezuela remain silent following former President Trump's mention of potential action against a suspected drug boat facility. Details are scarce as the geopolitical implications unfold.
As U.S. forces intercept Venezuelan oil shipments, experts debate Washington's true motives: oil, regime change, or a geopolitical struggle with Russia and China?
The U.S. has boarded two more oil tankers off Venezuela, escalating a blockade that experts warn could halt all of the country's crude exports. Read the latest on the rising tensions.
U.S. forces intercept another sanctioned oil tanker off Venezuela, escalating Trump's blockade. The move disrupts global crude flows and risks pushing oil prices higher. Get the latest details.
Industry experts express confidence in the Canadian energy sector's ability to navigate current crude market challenges. Discover the factors behind this resilience and the outlook for 2025.
Canada's major oilsands companies, led by Cenovus, forecast higher 2026 output despite a looming global supply glut. Discover how pipeline capacity is driving this counter-cyclical strategy.
Liberal MPs warn a new NDP bill on military exports poses a severe risk to Canada's defence industry and international trade relationships. Read the details of the political clash.
The U.S. Energy Information Administration reported a rise in crude oil and fuel stockpiles for the previous week. Get the latest data on energy inventories and market implications.
President Trump declares Venezuela airspace closed as US military deploys carrier to Caribbean. Six airlines suspend flights amid escalating tensions.
Former President Trump declares Venezuelan airspace should be closed as political tensions escalate. Get the latest developments on this international security matter.
Venezuelans are avoiding Black Friday deals despite deep discounts as economic turmoil continues to grip the nation. Learn how hyperinflation affects consumer behavior.
Global oil markets face continued price pressure through 2026 as swelling supply outpaces demand. New analysis reveals production growth will challenge market stability.
OPEC+ alliance likely to maintain current oil production levels through first quarter 2025, according to Reuters sources. Stay informed on global energy market developments.
B.C. Premier David Eby expresses dismay as Saskatchewan's Nutrien Ltd. selects Washington state for $1 billion potash export terminal, citing cost advantages over Canadian ports.
Alberta and BC premiers remain divided on crude pipeline expansion. Get the latest on this ongoing energy debate affecting Western Canada's economic future.
Japan's exports surged 8.5% globally in recent data, but shipments to the US declined significantly due to Trump administration tariffs. Learn how trade patterns are shifting.
A legal dispute at the Port of Prince Rupert, involving First Nations and an exclusivity deal, is jeopardizing Canada's plan to double non-U.S. exports and billions in resource opportunities.
A major new agreement will see 20,000 tonnes of Canadian beef from JBS in Brooks, Alberta, shipped to Costco stores in Mexico, diversifying export markets for the industry.
Saskatchewan Premier Scott Moe returns from Washington D.C. trip confident tariffs can be avoided. Get the latest on cross-border trade negotiations affecting Canadian agriculture.
U.S. crude oil inventories fell significantly due to rising demand, while fuel stockpiles increased, according to the EIA. Explore the key market drivers and implications.
Former New Brunswick premier Shawn Graham emphasizes the lumber industry's vital role in provincial exports and economy. Learn why this sector remains critical for growth.
Canada secures major defence export as German Navy purchases $1 billion combat management system. Trade Minister Maninder Sidhu announces historic deal strengthening bilateral ties.
Germany will resume weapons exports to Israel, ending a suspension from August. The decision is conditional on the ceasefire holding and large-scale humanitarian aid delivery.
A record gap between IEA, OPEC, and EIA oil demand forecasts creates market confusion. Discover the implications for Canada's energy sector and global prices.
The German government has officially removed restrictions on military equipment exports to Israel. This significant policy shift comes amid the ongoing Israel-Hamas conflict and marks a pivotal moment in international defense cooperation.