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 : Energy Sector
Venezuela Oil Situation May Affect Windsor-Essex Fuel Costs
Analysis explores how Venezuela's oil production and U.S. control over its sales could influence gasoline prices for drivers in Windsor-Essex. Learn what this means for your wallet.
Yukon power grid tested by extreme cold, officials raise concerns
A recent Arctic cold snap severely tested Yukon's electrical grid capacity, prompting officials to outline ongoing power reliability concerns. Learn about the strain and the planned responses.
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.
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.
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.
AI Demand Fuels U.S. Nuclear Power Revival
The race for AI is driving a surprising nuclear power resurgence in the U.S., with old plants restarting and billions in new investment. But can the ambitious goals be met? Read the full analysis.
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.
China Denounces U.S. as Oil Prices Fall on Venezuela Move
Global oil prices fell sharply after the Trump administration's move to divert Venezuelan crude from China, sparking diplomatic tensions and market reactions. Read the full analysis.
Japan halts nuclear reactor review over falsified data
Japan's nuclear regulator suspends safety screening for a reactor at the Hamaoka plant after discovering falsified data. The incident raises fresh concerns about nuclear safety protocols.
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.
Summerside Electric Plant Fire Declared Over
A fire at the Summerside Electric Power Plant on January 6, 2026, has been extinguished. Crews responded to the incident, which is now declared over. Read the latest details.
Poilievre Demands Pacific Pipeline Approval in 60 Days
Conservative Leader Pierre Poilievre calls on PM Carney to approve a new Pacific pipeline within 60 days, warning that renewed Venezuelan oil exports threaten Canadian energy markets. Read the urgent call to action.
Alberta's Net-Zero Pledge May Cost $559B in GDP
A new analysis warns Alberta's 2050 net-zero emissions commitment could slash GDP by $559 billion and cut oilsands output in half. The author calls for more realistic targets.
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.
Nova Scotia Power wants residential rate increase
Nova Scotia Power proposes a residential rate hike, drawing sharp criticism from Premier Tim Houston who says the utility is 'out of touch' with residents' struggles. Details on the request and political fallout.
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.
Trump's Venezuela Oil Plan Pressures Canada's Pipeline Pace
As Donald Trump pledges to revive Venezuela's oil industry in 18 months, Canada's slow pipeline approval process under Mark Carney faces scrutiny. Experts warn of capital flight risks.
Alberta details northwest coast pipeline plan online
Alberta unveils a new webpage for its proposed bitumen pipeline to BC's coast, aiming for market diversification as global oil dynamics shift with Venezuela's developments. Explore the project's timeline and details.
Alberta launches website for potential West Coast oil pipeline
The Alberta government has unveiled a new website to assess market interest in a potential new oil pipeline to the West Coast. This move follows a recent federal-provincial agreement.
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.
Eby: Canada Should Build Refineries, Not Pipelines
B.C. Premier David Eby calls for a strategic shift to domestic oil refining, citing global market instability. Explore the implications for Canada's energy future.
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