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.
Category : Search result: oil market reaction
Leavitt's Outfit Compared to North Korean Anchor
White House press secretary Karoline Leavitt faced social media mockery for an outfit resembling a North Korean news anchor's. Critics highlight parallels in messaging style. Read the full story.
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.
Wasp sting nearly kills Olympic rower Silken Laumann
Canadian Olympic rowing icon Silken Laumann recounts a severe anaphylactic reaction to a wasp sting that left her 'completely incapacitated.' Her story is a stark warning about allergy dangers.
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.
U.S. Venezuela Move: Impact on Canada's Oil Industry
Following the arrest of Venezuela's president, U.S. plans to revive its oil industry could challenge Canadian energy investments. Explore the global reserve shift and market implications.
U.S. Venezuela Oil Shift Poses Risk to Canada's Industry
Following the arrest of Venezuela's president, U.S. plans to revitalize its oil industry could sideline Canadian firms. Explore the implications for Canada's energy sector.
Venezuela Shift Fuels Push for Canadian West Coast Pipeline
U.S. actions in Venezuela strengthen the political argument for a new Canadian pipeline to the Pacific, aiming to diversify oil exports to Asian markets. Read the analysis.
Canadian Oil's Future Debated After Venezuela Change
PM Mark Carney says Canadian oil remains competitive despite Venezuela's political shift, while Conservative Leader Pierre Poilievre urges swift pipeline approval to secure new markets.
Venezuela Shift Strengthens Case for Canadian Oil Pipeline
President Trump's push to unlock Venezuelan crude is strengthening the political argument for a new Canadian pipeline to diversify oil exports to Asia. Learn how this impacts Canada's energy strategy.
Carney on Canadian Oil Competitiveness Post-Maduro
PM Mark Carney asserts Canada's energy sector will remain competitive following political changes in Venezuela. Analysis of oil price forecasts and market dynamics.
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.
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.
Maduro Capture Raises International Legal Concerns
The Trump administration's capture of Venezuelan President Nicolas Maduro has triggered unease about international law. Canadian politicians and citizens react to the unprecedented event.
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.
Trump's Venezuela Coup Talk Impacts Canadian Energy Sector
Industry experts react to Trump's Venezuela coup and oil talk, urging Canada to boost energy investment. Key analysis on market shifts and domestic implications.
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.
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