Oil Climbs as Ukraine Peace Talks Hit Snag, China Vows Support
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.
Category : Search result: OPEC oil production
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.
North Korea's Kim orders missile production increase for 2026
North Korean leader Kim Jong Un has directed a significant ramp-up in missile manufacturing, state media reports. This move signals continued defiance of international sanctions and escalating regional tensions.
Intel stock falls as Nvidia halts chip production test
Intel Corp.'s stock fell after Reuters reported Nvidia Corp. halted testing Intel's advanced 18A chipmaking process. The news casts a shadow on Intel's domestic push to challenge TSMC.
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.
Canadian Coffee Prices Jump More Than 25% in a Year
Statistics Canada reports coffee prices have soared, with ground coffee up 35.2%. Climate issues in Brazil and Vietnam, plus rising Asian demand, are key factors. Read more.
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.
Matcha Latte Prices Soar in Montreal Due to Global Shortage
The price of matcha in Montreal has nearly doubled in a year, jumping from $26 to $46 per 100 grams. A surge in demand driven by Gen Z and social media trends has created a global supply crunch, forcing tea shops to seek new sources.
Jim Beam Pauses Bourbon Production Amid Rising Inventories
Jim Beam has temporarily halted production at its primary distillery due to a significant increase in bourbon inventories. The move reflects shifting consumer trends in the spirits market.
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.
Fort Saskatchewan drug bust nets meth, GHB, ammunition
Fort Saskatchewan RCMP charge a 46-year-old man after seizing large quantities of drugs, ammunition, and evidence of meth production in a Pine View home. Details on the investigation and charges.
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.
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.
Canadian Natural earmarks 2026 capital for oilsands work
Canadian Natural Resources Ltd. forecasts a modest rise in 2026 spending and production to fund early-stage work on future oilsands expansions, signaling continued investment in Alberta's energy sector.
35 new jobs in Ingersoll from reshoring production
ArcelorMittal Tailored Blanks creates 35 jobs in Ingersoll, Ont., a move hailed by the province as a key example of reshoring manufacturing from the United States. Learn about the investment and its impact.
IKEA to Increase U.S. Production as Tariffs Bite
Facing new tariffs, IKEA announces plans to significantly boost its manufacturing operations within the United States. Learn how this strategic shift impacts the retail giant's North American supply chain.
Canada issues default notice to Stellantis over U.S. shift
Industry Minister Mélanie Joly confirms Stellantis received a formal notice of default following its decision to move production out of Canada. Get the latest on the government's response.
ICE: Roshel armoured vehicles ordered are U.S.-made
U.S. Immigration and Customs Enforcement states armoured vehicles ordered from Canadian firm Roshel are produced in the United States. Get the latest details on this defence procurement story.
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.
Windsor Dodge Charger Production Ramps Up with New Jobs
Stellantis celebrates the production launch of the gas-powered Dodge Charger in Windsor, announcing plans to hire 1,500 workers for a third shift. A major boost for Canada's auto sector.
Saudi minister says new OPEC+ mechanism will stabilize markets
Saudi Arabia's energy minister states the new OPEC+ production coordination mechanism will help stabilize global oil markets. The announcement comes amid ongoing market volatility.
Alberta's Oilsands Used to Make Carbon Fibre
A groundbreaking facility in Edmonton transforms Alberta oilsands bitumen into carbon fibre, creating potential for hockey sticks, wind turbines, and a new $40B industry.
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.
Cerrado Gold Q3 2025 Financial Results Released
Cerrado Gold reports a 21% increase in gold production for Q3 2025, maintains annual guidance, and advances key projects in Argentina, Portugal, and Quebec.
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