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.
Category : Search result: oil industry layoffs
Conestoga College layoffs jeopardize student learning, say students
Biotechnology students at Conestoga College voice fears that recent instructor layoffs threaten their education. Read about the impact on academic programs.
Conestoga College lays off close to 200 full-time staff
Conestoga College terminates almost 200 full-time support staff just before the holiday break, sparking concern. Get the full details on this major workforce reduction.
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.
200 Conestoga College employees lose jobs before holidays
Conestoga College terminates almost 200 full-time positions just before the holiday break. Get the full details on this significant workforce reduction in Kitchener-Waterloo.
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.
400 jobs cut at Natural Resources Canada by 2029
The federal government confirms 400 positions will be eliminated at Natural Resources Canada by 2029. Get the details on the workforce reduction and its implications.
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.
GM CAMI layoffs hit 1,200 workers before holidays
Over 1,200 workers at GM's CAMI plant in Ingersoll face a devastating holiday season as layoffs force tough decisions. Couples at the plant are hit with a 'double' financial blow.
Readers React: Algoma Steel Job Losses, High Beam Hazards
Readers voice concerns over Algoma Steel layoffs, applaud Hazel Mae's Hall of Fame honour, and call for better road etiquette regarding high beams. Read the latest public feedback.
Algoma Layoffs: Gov'ts Knew Before $500M Loan
The federal and Ontario governments kept taxpayers in the dark about impending Algoma Steel layoffs when issuing $500M in loan guarantees. This lack of transparency raises serious questions.
Vancouver lays off staff after property tax freeze
The City of Vancouver has cut dozens of positions following its decision to freeze property taxes. This move highlights the financial trade-offs of municipal budget decisions.
Vancouver lays off 30 staff after property tax freeze
The City of Vancouver has terminated 30 employees following a council decision to freeze property taxes. Learn about the budget impacts and municipal workforce changes.
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.
Algoma Steel CEO says governments knew of layoff plans
Algoma Steel's CEO reveals both federal and provincial governments were aware of impending layoffs before approving a $500 million taxpayer loan. Details on the Sault Ste. Marie job cuts.
Governments defend Algoma Steel loan after layoffs
Federal and Ontario governments face scrutiny for a $420 million loan to Algoma Steel, approved despite prior knowledge of impending layoffs. Details on the defense and economic context.
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.
Algoma Steel CEO says feds knew about layoffs before loan
Algoma Steel's CEO reveals federal government was aware of impending job cuts before approving a $400 million loan. Read the full story on the timing and impact of Trump's tariffs.
41,000 Ontario Jobs Lost to U.S. Tariffs as Trade Talks Stall
Prime Minister Mark Carney faces mounting pressure to engage with President Trump as U.S. tariffs devastate Canadian manufacturing, with Algoma Steel's layoffs pushing job losses past 41,000. Read the analysis.
B.C. pulp mill closure leaves 350 out of work
A British Columbia pulp mill is shutting down, resulting in 350 job losses. The closure highlights ongoing challenges in Canada's forestry and manufacturing sectors.
Algoma Steel lays off 1,000, cites U.S. tariffs
Algoma Steel CEO Michael Garcia says U.S. tariffs have closed the American market, forcing 1,000 painful layoffs. Get the full story on this major blow to Northern Ontario's economy.
Algoma Steel Lays Off 1,000, Blames Trump Tariffs
Algoma Steel is cutting 40% of its workforce, citing U.S. tariffs and a forced shift to electric arc steelmaking. The layoffs come just two weeks after a major government bailout.
Toys R Us Closing Most Quebec Stores, 68 Layoffs
Toys R Us Canada is shutting down three Quebec stores in January, leaving only one location in the province. The closures will result in 68 layoffs. Learn about the retail shift.
Algoma Steel to Lay Off 1,000 Workers
Algoma Steel announces 1,000 layoffs in Sault Ste. Marie, citing difficult market conditions and trade pressures. Read about the impact and federal support.
Algoma Steel lays off 1,000 after U.S. tariffs hit
Northern Ontario's Algoma Steel announces 1,000 layoffs and CEO retirement after U.S. tariffs severely impact quarterly results. Read the full story on the economic fallout.
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.
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