Oil markets face biggest glut since COVID, prices to slide
Deloitte warns of a major oil oversupply in 2026, pressuring prices despite geopolitical risks. Canada's heavy crude and natural gas sectors face divergent paths.
Category : Search result: OPEC oil output
U.S. Oil Companies to Discuss Venezuela Plans After Maduro Capture
The Trump administration plans meetings with Exxon, Chevron, and ConocoPhillips to boost Venezuelan oil production after the military ouster of Nicolás Maduro. Details on the high-stakes talks.
Venezuela regime change may hurt Canada's oil sector
A political shift in Venezuela could flood markets with heavy crude, undercutting Canadian oil prices and investment. Explore the potential risks for Alberta's economy.
Alberta Premier pushes for pipeline expansion as Trump moves on Venezuela
Alberta Premier Danielle Smith calls for expedited pipeline development to diversify oil markets. Experts warn Venezuela's impact on global supply is years away.
Record $9.6M fine for Gulf of Mexico oil spill
U.S. authorities levy a historic $9.6 million penalty against Third Coast following a substantial oil spill in the Gulf of Mexico, highlighting ongoing environmental risks.
Venezuela Oil Investment Threatens Canada's Energy Sector
Analysis shows Canada's oil industry faces a dual threat: losing market share to Venezuela and, more urgently, losing crucial investment capital to the South American nation. Experts warn of complacency.
Venezuela Oil Shift Makes Canadian Pipelines a Necessity
U.S. President Donald Trump's takeover of Venezuela's oil sector underscores the critical need for Canada to build new pipelines to access global markets, boosting national revenues.
Canadian Oil Prices Weaken After Venezuela Upheaval
The dramatic capture of Venezuela's president by U.S. forces has sent shockwaves through North American oil markets, weakening Canadian heavy crude prices. Discover the immediate impact and long-term outlook for Alberta's energy sector.
Rare Sale: Cult-Favorite Hair Growth Oil Under $10
Mielle Organics' rosemary mint scalp oil, praised for strengthening hair and reducing breakage, is on a rare sale at Amazon for under $10. Experts weigh in on its key ingredients.
U.S. Oil Majors Not Consulted on Venezuela by Trump Admin
Senior U.S. oil executives reveal the Trump administration has not sought their counsel regarding Venezuela policy, raising questions about industry input on geopolitical energy moves.
Venezuela Oil Claims in Doubt After Maduro Capture
The future of billions of barrels of Venezuelan oil claimed by foreign state-owned firms is uncertain after the U.S. detained President Nicolás Maduro. Read the latest analysis on the global energy implications.
Canadian Oil Stocks Drop After Maduro's U.S. Capture
Canadian energy stocks declined after U.S. forces captured Venezuelan President Nicolas Maduro on drug charges, sparking market volatility and concerns over future oil supply. Read the full analysis.
Trump Signals Access to Venezuela Oil, Boosting U.S. Companies
U.S. oil companies see gains after former President Trump signals potential access to Venezuela's vast reserves, reshaping global energy dynamics. Explore the implications for markets and geopolitics.
Trump Warns India of Tariffs Over Russian Oil
Former U.S. President Donald Trump warns India could face higher tariffs for buying Russian oil. Explore the implications for global trade and Canada's perspective.
OPEC+ Keeps Oil Production Unchanged as Crises Mount
OPEC+ maintains current oil output despite an 18% price plunge in 2025 and political crises involving key members. Analysts say markets are driven by uncertainty. Learn the details.
Canada's oil sector urged to stay competitive post-Maduro
A Canadian energy expert advises against panic in the oil patch following the capture of Venezuela's Maduro, emphasizing the need for long-term competitiveness.
Venezuelan Oil Revival Poses Major Risk to Canada
Adam Pankratz argues Canada must urgently build coastal pipelines to compete as Trump revives Venezuela's massive heavy crude reserves, threatening Alberta's oil sands market.
Trump's Venezuela Oil Plan Faces Major Hurdles
Former President Trump's proposal to seize and revitalize Venezuela's oil industry confronts significant legal and geopolitical challenges. Analysis details the complex hurdles ahead.
Venezuela Oil Revival Needs Years, Major Investment
Trump's plan for US firms to revitalize Venezuela's oil post-Maduro capture won't impact prices soon. Analysts say rebuilding decayed infrastructure requires a decade and $100B. Explore the global energy implications.
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.
OPEC+ to maintain oil output policy: Reuters sources
OPEC+ will keep its current oil production policy unchanged, sources told Reuters, despite rising geopolitical tensions between Saudi Arabia and the UAE over Yemen. Read the latest on global energy markets.
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 Heads for Deepest Annual Loss Since Pandemic on Surplus
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.
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.
Record Low Lawmaking in Canadian, U.S. Legislatures in 2025
Both Canada's Parliament and the U.S. Congress saw historically low legislative output in 2025. Analysts question if fewer new laws might actually be beneficial. Read the full analysis.
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.
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.
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