Russia has filed a formal diplomatic request urging the United States to cease its pursuit of an oil tanker originally destined for Venezuela. The move highlights ongoing geopolitical tensions over energy resources and sanctions enforcement.
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 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.
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.
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.
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'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.
Russia vows full support for Venezuela as the UN Security Council prepares to discuss escalating U.S. hostilities, including a blockade of oil tankers. Read the latest on the Caribbean crisis.
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.
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. officials confirm pursuit of a third oil tanker near Venezuela on December 21, 2025, escalating maritime tensions. Get the latest details on this developing international security story.
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.
The U.S. has interdicted a second vessel off Venezuela, enforcing President Trump's declared blockade of sanctioned oil tankers. This move disrupts global crude flows and heightens regional 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.
An analysis of the recent Ottawa-Alberta pipeline MOU reveals it creates new hurdles for development while failing to address key barriers like the tanker ban and Indigenous veto power.
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 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.
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.
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.
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.
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.
The sanctioned oil tanker Kairos is stranded near Bulgaria's Black Sea coast following a suspected Ukrainian drone attack. Details on the incident and its implications.
Close to half a million Albertans have signed the Forever Canada petition, urging Premier Danielle Smith to hold a legislative vote on Alberta's future within Confederation instead of a divisive referendum.
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.
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 initiates a comprehensive study to plan its economic transition away from oil dependency. Explore the strategies for a sustainable future.
An analysis argues Canada's West Coast tanker ban is a political symbol that overlooks decades of improved maritime safety and real risk areas, like the Gulf of St. Lawrence. Read the full critique.
Alberta Premier Danielle Smith expresses her intent to work with British Columbia on energy policy, maintaining hope for support to lift the federal tanker ban. Explore the ongoing interprovincial dialogue.
The 1989 Exxon Valdez disaster casts a long shadow over Canada's northern pipeline discussions. Explore the enduring environmental fears and the debate over oil tanker safety.