Alberta Oilpatch Sheds 10,000 Jobs as Output Soars
Alberta's oil and gas industry eliminated 10,000 positions last year, yet achieved near-record production levels. Economists analyze the paradox of doing more with less in Canada's energy heartland.
Category : Search result: Exxon Valdez oil spill
Geopolitical Rally Can't Mask Dim 2026 Oil Price Forecast
Oil prices surged on Iran fears, but new forecasts predict a weak 2026 average. Alberta's budget and producers face volatility as supply outstrips demand. Read the full analysis.
CIBC Predicts Heavier Oil Price Discount This Year
CIBC analysts project a wider price gap for Canadian heavy crude in 2026, impacting the energy sector. Read the full analysis and market implications.
World Oil Reserves & Top Producers Amid Venezuela Crisis
The U.S. intervention in Venezuela spotlights global energy assets. Explore the world's top oil reserves and producers in our detailed analysis.
Canada's Oil Defence: Pipelines Critical as U.S. Seeks Alternatives
With the U.S. reassessing Venezuelan oil, Canada's energy security hinges on pipeline expansion to diversify markets. Experts warn waiting is not an option. Read why action is needed now.
Trump leans toward excluding Exxon from Venezuela oil plan
President Trump indicates Exxon may be left out of Venezuela's oil sector reconstruction, criticizing its 'cute' response. The plan faces hurdles as industry cites massive costs and legal risks.
Trump Reads Rubio's Note at Venezuela Oil Meeting
President Donald Trump publicly read a note from Marco Rubio during a meeting with oil executives about investing in Venezuela's industry. Get the full story on this revealing moment.
U.S. seizes fifth oil tanker near Venezuela in Caribbean raid
U.S. Marines and Navy sailors seized the tanker Olina in a pre-dawn raid, part of a broader effort to control Venezuela's oil flow. The operation highlights escalating enforcement of sanctions.
Trump Admires Ballroom, Cost Doubles to $400M
President Trump interrupted a meeting with Exxon and Chevron executives to admire his new White House ballroom, now projected to cost twice the original $200M estimate. Read the details.
Alberta Oil to Stay Competitive as Venezuela Re-enters Market
Energy expert Jack Mintz argues Canada's oil sector can withstand Venezuela's renewed U.S. exports, citing Alberta's efficiency and Venezuela's deep-seated challenges. Read the analysis.
Venezuelan Oil Could Flow to U.S. in a Year: Expert
A business professor predicts Venezuelan crude could be processed at the Irving Oil refinery in Saint John and head to the U.S. market within 12 months. Get the latest analysis on this potential energy shift.
Diesel spill on QEW in Burlington after truck crash
A truck lost control and spilled diesel along the Fort Erie-bound QEW in Burlington on Jan. 8, 2026. The Ontario Provincial Police are managing the cleanup and lane closures.
Trump Meets U.S. Oil Executives on Venezuela Revival
President Donald Trump convenes a who's who of American oil executives, including Harold Hamm, to discuss rebuilding Venezuela's energy sector. Key details on the high-stakes meeting.
Oily spill cleanup underway near Nanaimo, B.C.
Response teams are working to clean up an oily substance discovered in waters near Nanaimo, B.C. The incident highlights ongoing marine environmental risks.
China eyes Canadian oil after US Venezuela action
Chinese refiners are seeking Canadian crude as a replacement for sanctioned Venezuelan oil, with China buying nearly 40% of Canada's seaborne exports in 2025. Discover the market shift.
U.S. to Control Venezuelan Oil Sales Indefinitely
U.S. Energy Secretary Chris Wright states Washington will maintain control over Venezuela's oil exports 'indefinitely,' a major shift in foreign energy policy with global market implications.
U.S. seizes Venezuelan oil tanker, asserts control over sales
The U.S. has seized a sanctioned Venezuela-linked oil tanker in the Atlantic, with its energy secretary stating control over Venezuelan oil sales will continue 'indefinitely'. This move signals a significant escalation in geopolitical energy strategy.
Venezuela Oil Coup: A Warning for Canada
The U.S.-backed change in Venezuela puts Canada's oil exports at risk, highlighting an urgent need for trade diversification and infrastructure investment. Read the analysis.
U.S. to control Venezuelan oil sales indefinitely
U.S. Energy Secretary Chris Wright states American control over Venezuelan oil sales will continue indefinitely, a move with significant implications for global energy markets and geopolitics.
U.S. seizes Venezuela oil tankers, tweaks sanctions policy
The United States has seized two sanctioned oil tankers linked to Venezuela in a strategic move, while selectively easing sanctions to permit certain oil sales. Explore the implications for global energy markets.
Trump to Meet Oil Bosses on Venezuela Output Revival
U.S. President Donald Trump plans to meet with Western energy executives to secure investment for rebuilding Venezuela's crumbling oil sector. Read the full story.
U.S. seizes Venezuela-linked oil tanker after pursuit
U.S. authorities have captured the Russian-flagged tanker Bella 1 following a weeks-long international chase. The seizure near Venezuela could impact global oil markets and U.S.-Canada energy dynamics. Read the full story.
Venezuelan Oil to Impact U.S. Refiners and Canadian Producers
The potential return of Venezuelan oil to global markets could benefit U.S. Gulf Coast refiners while posing a competitive threat to Canadian heavy crude producers. Analysis of the shifting energy landscape.
Venezuela to Send Up to $2.8B in Oil to U.S., Trump Says
President Trump announces Venezuela will send up to 50 million barrels of oil to the U.S., a move reshaping global energy flows and challenging China's influence. Read the full analysis.
Canadian Oil & Gas M&A Hits 8-Year High, $31B in 2025
Mergers and acquisitions in Canada's upstream oil and gas sector surged to an eight-year high in 2025, with over $30 billion in deals. Analysts predict a slowdown in 2026. Read the full analysis.
Venezuela Oil to Replace Only 10% of Canada's Output: Analyst
A leading economist says Venezuelan crude can only fill a small fraction of Canadian oil exports in the near term, impacting global markets. Read the full analysis.
Funds Raised for Calgary Widow After Oil Rig Tragedy
Friends are collecting donations for a young Calgary woman whose husband died while working on an oil rig. The community shows support in the wake of the workplace fatality.
U.S. and Venezuela Strike $2 Billion Oil Export Deal
The U.S. and Venezuela reach a landmark deal for up to $2 billion in crude oil exports, redirecting shipments from China. President Trump announces the agreement, which follows the capture of Nicolas Maduro.
Trump: U.S. to get 30-50M barrels of Venezuelan oil
Former President Trump announces a major U.S. acquisition of Venezuelan oil, raising geopolitical tensions and concerns for Canada's energy sector. Get the full analysis.
Venezuelan Oil Won't Quickly Replace Canadian Crude: Analysts
Experts say concerns that Canadian oil exports will be displaced by Venezuelan crude are premature. Canada's deep integration with U.S. refineries and Venezuela's infrastructure challenges provide a buffer.
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