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: oil majors
BP flags $5B energy transition writedowns after leadership change
BP PLC announces up to US$5 billion in writedowns on its low-carbon businesses as it pivots back to fossil fuels. Read the latest on the oil giant's strategic reversal and market impact.
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.
Trump's Venezuela Move May Benefit China, Analysts Say
President Trump claims the U.S. raid in Venezuela counters China, but experts argue it could let Beijing offload a failed investment and even repeat its Iraq success. Analysis inside.
TSX Dips Despite Oil Surge, CIBC Sees Wider Heavy Oil Discount
Canada's main stock index closed lower on January 13, 2026, defying rising crude prices. CIBC analysts forecast a wider discount for heavy oil this year. Get the full market 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.
Cuba Feels Pressure as Trump Cuts Off Venezuelan Oil
The Trump administration's halt of Venezuelan oil shipments leaves Cuba in a precarious energy position. Explore the geopolitical and economic implications for the island nation.
Canada's oil industry sidelined as Trump reshapes global order
As President Donald Trump leverages Venezuela and Iran to reshape global oil markets, Canada's energy sector faces an uncertain future and risks being left behind. Analysis of the geopolitical shift.
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.
Canada Shouldn't Panic Over Venezuelan Oil: McParland
Columnist Kelly McParland argues Canada and the world need not panic over Venezuelan oil, drawing lessons from the 1970s OPEC crisis. Global supply remains robust.
U.S. Venezuela Oil Push Faces Major Risks, Long Timeline
An expert analysis warns that renewed U.S. efforts to boost Venezuelan oil production face significant geopolitical and technical hurdles, with a long timeline for results.
Meagan Good, Jonathan Majors Gain Guinean Citizenship
Actors Meagan Good and Jonathan Majors were granted citizenship in Guinea during a private ceremony in Conakry. Get the details on this unique international development.
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.
Alberta demands pipeline approval by fall after Venezuela conflict
Premier Danielle Smith calls for urgent federal approval of a new heavy oil pipeline to B.C., citing U.S. action in Venezuela as a direct threat to Canada's energy market share.
Smith Urges Swift Pipeline Approval After Venezuela Conflict
Alberta Premier Danielle Smith calls for federal approval of a heavy oil pipeline to B.C. by fall, citing U.S. actions in Venezuela as a direct threat to Canada's energy market share. Read the urgent appeal.
Alberta oil has 10 years before electric vehicles take over
Experts warn Alberta's oil-dependent economy faces a crucial decade as global electric vehicle adoption accelerates, threatening demand. It's time to invest in a diversified future.
Venezuela Blockade May Sink Oil Prices: Analyst
Rory Johnston of Commodity Context warns U.S. actions in Venezuela could depress oil prices further, with mixed impacts for Canadian energy companies. Read the analysis.
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.
Venezuela's Oil Future and What It Means for Canada
Analysis of Venezuela's turbulent oil sector, renewed U.S. engagement, and the strategic implications for Canada's energy industry and foreign policy. Read more.
Canadian Oil Stocks Plunge on Venezuela Oil News
Canadian oil producers saw billions wiped off their value after U.S. plans for Venezuelan oil sparked investor fears. Industry leaders call it an 'overreaction' as uncertainty looms.
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.
Trump's Venezuela Move Threatens Canadian Oil Industry
The Trump administration's plan to flood markets with Venezuelan crude, aiming for $50 oil, creates new pressure for Canada's critical energy sector. Explore the implications.
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.
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.
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