Category : Search result: heavy crude oil


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.

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.

Venezuela's Oil Potential Locked by Sanctions, Investment Gap

Venezuela holds the world's largest oil reserves but production is a fraction of its peak. Sanctions and crumbling infrastructure mean its impact on tight global crude markets remains minimal. Discover the barriers to unlocking its potential.

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.

Deloitte: Oil to hover at US$58, Alberta gas rises

A new report from Deloitte predicts oil will average US$58 a barrel in 2026 due to a persistent supply glut, while natural gas prices in Alberta show an upward trend. Read the full analysis.

Barrie digs out after major winter snowfall

Residents of Barrie, Ontario, continue shoveling out from significant snow piles following a major winter storm. Get the latest on local conditions and community response.

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.

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.

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