Category : Search result: oil reserves


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.

Krugman Critiques Trump's Venezuela Oil Claims

Nobel laureate Paul Krugman dismantles Donald Trump's assertions about capturing wealth from Venezuela's oil, citing major economic and logistical barriers. Read the full analysis.

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.

Canadian Miner Wins Chile Lithium Project Approval

Vancouver's Wealth Minerals Ltd. secures approval for a lithium project in Chile as prices rebound. The move aligns with Chile's goal to double lithium output, tapping the world's largest reserves.

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.

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. 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.

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.

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