U.S. Captures Venezuela's Leader, Takes Control of Oil
In a dramatic move, U.S. forces captured Venezuelan President Nicolas Maduro and seized control of the country's oil reserves. Canada's foreign minister has responded to the escalating crisis.
Category : Search result: oil reserves
Oil Tankers U-Turn as U.S. Tightens Venezuela Blockade
At least seven vessels have reversed course, avoiding U.S. seizure threats. Venezuela's oil storage is full, forcing production cuts. Explore the escalating economic pressure.
Venezuela's fuel exports cut to minimum, storage full
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 fall to lowest since Feb 2021
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.
Oil steadies as risks counter glut outlook
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.
U.S. oil and gas rig count rises for second week
Baker Hughes reports a second weekly increase in U.S. oil and gas rigs, signaling potential shifts in North American energy production as 2025 ends. Read the latest data.
Corn Slumps Most in a Month on China Reserve Talk
Corn futures in Chicago posted their steepest intraday drop in over a month, pressured by speculation China may release domestic grain reserves. Get the full analysis on the market implications.
Readers Call for Increased Canadian Oil Marketing in Asia
Calgary Herald readers advocate for Canada to intensify oil marketing in Asia and develop West Coast export terminals, responding to global energy dynamics. Explore the debate.
Venezuela Seeks to Criminalize Oil Tanker Seizures
Venezuela's government is pushing to criminalize the seizure of its oil tankers as former U.S. President Donald Trump increases pressure on Nicolás Maduro's regime. This geopolitical tension could impact global oil markets.
Baytex Energy Plans Up to $625M in 2026 Capital Spending
Calgary-based Baytex Energy Corp. reveals its 2026 capital expenditure plan, targeting $550 to $625 million. The investment focuses on sustaining production in key Canadian oil fields.
U.S. seizes oil tanker off Venezuelan coast
U.S. authorities have seized an oil tanker near Venezuela, officials confirmed on December 20, 2025. The operation marks a significant escalation in maritime enforcement actions in the region.
Canada's Pipeline Shield Protects Oilpatch from 'Super Glut'
As oil prices near a five-year low, Canada's expanded pipeline network offers critical shelter from a potential 2026 supply glut, putting producers in a stronger position than during the 2018 crisis.
Canada's Plan for 400,000 Reservists Faces Questions
Canada's military aims to expand its reserve forces to 400,000 personnel, but critics question the feasibility, cost, and training plans for this massive mobilization initiative.
Oilsands Producers Plan Growth Despite Crude Price Decline
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.
Trump Orders Venezuela Oil Blockade, Markets React
Global markets react as former President Trump orders a blockade of oil tankers to Venezuela, sending oil prices higher. Meanwhile, Canadian stocks show gains amid domestic news.
Trump Orders Naval Blockade on Venezuela Oil Tankers
President Trump announces a blockade of sanctioned oil tankers bound for Venezuela, escalating military pressure to cripple the Maduro regime's economy. Read the latest on this major foreign policy move.
Trump orders naval blockade on Venezuela-bound oil tankers
President Trump escalates pressure on Maduro, ordering a blockade to stop sanctioned oil tankers from reaching Venezuela. The move marks a significant hardening of U.S. policy.
Analyst Predicts Dramatically Higher Oil Prices in 2026
Senior portfolio manager Eric Nuttall forecasts a significant surge in oil prices for 2026, citing industry underinvestment. Read his insights on Canada's energy outlook.
Oil Climbs as Traders Weigh Tensions Against Surplus
Oil prices rose in volatile trading as geopolitical risks clashed with signs of a growing market surplus. WTI gained 1.6% while Saudi Arabia cut prices to Asia. Explore the factors driving the market.
U.S. crude, fuel inventories rose last week: EIA
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.
Norway examines scenarios for economy after oil era
Norway initiates a comprehensive study to plan its economic transition away from oil dependency. Explore the strategies for a sustainable future.
Reader Criticizes One-Sided Pipeline Political Debate
A North Vancouver reader argues politicians do a disservice by ignoring oil spill risks, citing Exxon Valdez. Calls for informed pipeline debate in Canada.
Oil supply surge to strain prices through 2026
Global oil markets face continued price pressure through 2026 as swelling supply outpaces demand. New analysis reveals production growth will challenge market stability.
OPEC+ to Hold Oil Output Steady Through Q1: Sources
OPEC+ alliance likely to maintain current oil production levels through first quarter 2025, according to Reuters sources. Stay informed on global energy market developments.
Newfoundland premier vows oil industry comeback
Newfoundland and Labrador Premier Tony Wakeham pledges to revitalize province's oil sector ahead of crucial meeting with federal officials. Get the latest developments.
Canada's 400K Reservist Plan Faces Scrutiny
Canada's ambitious plan to expand military reserves to 400,000 faces criticism over feasibility and strategic value. Expert analysis questions if this is the best use of defense resources.
Canada Reaches Deal for New West Coast Oil Pipeline
Prime Minister Mark Carney and Alberta Premier Danielle Smith have agreed on a deal to support a new oil pipeline to Canada's west coast, marking a major political breakthrough.
Canada's New Energy Pact to Spur Oil Pipeline Development
Canadian oil industry welcomes new federal-provincial energy agreement that could pave way for Pacific coast pipeline and address key energy policies. Read the details.
Canadian Oil Sands Make Comeback Amid U.S. Shale Slowdown
Canada's oil sands industry is experiencing a major resurgence as production hits record highs and investor interest surges, driven by the Trans Mountain pipeline expansion and plateauing U.S. shale output.
IEA and OPEC at Odds Over Oil Demand Forecast
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.
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