A full-scale resumption of Venezuelan oil exports would benefit refiners in the United States and lower their fuel production costs, with the refineries capable of absorbing most of the roughly 1 million barrels per day of crude that would trade freely if U.S. sanctions on the South American country are removed. The losers would be Canadian companies that sell a similar heavy oil as Venezuela, and small Chinese refiners, which would face higher costs if Venezuelan crude diverts to the [Read more]
News
Canadian oil will stay competitive, even if Venezuelan output rises, Carney says
Canadian crude oil is low risk and will stay competitive even if output in Venezuela rises after the U.S. capture of President Nicolas Maduro, Prime Minister Mark Carney said on Tuesday. U.S. President Donald Trump says American oil companies are prepared to tackle the difficult task of entering Venezuela and investing billions to restore production. Venezuelan crude is heavy, similar to that produced in Canada's oil sands, leading some analysts to speculate that Canadian product could [Read more]
Trump’s Venezuela oil grab revives ‘petrodollar’ debate: McGeever
There were likely many motives behind America's capture and arrest of Venezuelan President Nicolas Maduro on Saturday, but one little-discussed factor could be the White House's concerns about the waning global prominence of the "petrodollar." Venezuela's oil output is currently modest at barely 1 million barrels per day, but its reported reserves of around 300 billion barrels - 17% of the global stock – are the world's largest. President Donald Trump has made it clear that the U.S. is [Read more]
Phillips 66 says two Gulf coast refineries ready to process Venezuelan crude amid ramp up
Refiner Phillips 66 said on Tuesday in a Goldman Sachs conference that it has two Gulf coast refineries which can turn and process Venezuela crudes as they ramp up. (Reporting by Vallari Srivastava and Pooja Menon in Bengaluru; Editing by Tasim Zahid) [Read more]
Pine Cliff Energy Ltd. Declares Monthly Dividend for January 30, 2026
Calgary, Alberta--(Newsfile Corp. - January 6, 2026) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.00125 per common share to be paid January 30, 2026, to shareholders of record on January 15, 2026. This dividend and future dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice. About Pine Cliff Pine Cliff is a natural gas and crude oil company [Read more]
Venezuela’s oil deliveries to Asia at standstill, Chevron’s exports flowing -shipping data
Venezuela's main oil ports on Tuesday entered their fifth day without delivering crude for state-run PDVSA's customers in Asia, which are the OPEC country's main buyers, shipping data showed, as the U.S. presses the nation through an oil embargo. Chevron, which is PDVSA's main joint-venture partner, on Monday resumed exports of Venezuelan oil to the U.S. after a four-day pause and called workers abroad back to its Venezuela offices as flights to the country restarted. The U.S. firm has [Read more]
Precision Drilling Meets Annual Capital Allocation Targets and Provides Financial and Operational Updates
CALGARY, Alberta, Jan. 06, 2026 (GLOBE NEWSWIRE) -- This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the "Cautionary Statement Regarding Forward-Looking Information and Statements" later in this news release. Precision Drilling Corporation (“Precision” or the “Company”) (TSX:PD; NYSE:PDS) is pleased to [Read more]
Deloitte sees oil hovering at US$58 a barrel as glut drags, while Alberta gas rises
CALGARY - The latest energy forecast from consulting firm Deloitte sees lacklustre crude oil prices continuing this year and natural gas prices picking up steam. West Texas Intermediate, the key U.S. light oil benchmark, is expected to average US$58 a barrel -- about where it's trading at currently. That's about 20 per cent lower than it was at this time last year and about 12 per cent below the commodity's 2025 average. Deloitte partner Andrew Botterill says the forecast doesn't [Read more]
Trump offers US oil companies a poisoned chalice in Venezuela: Bousso
U.S. President Donald Trump is giving U.S. energy companies the opportunity to revive Venezuela’s massive, derelict oil industry. It’s an offer they may want to refuse. After the U.S. military’s ouster of Venezuelan President Nicolas Maduro at the weekend, representatives of the Trump administration plan to meet with oil executives later this week to discuss boosting Venezuelan oil production, Reuters reported on Monday. Tapping Venezuela's vast oil reserves - the world's largest at over [Read more]
Poilievre calls for immediate pipeline approval following U.S. action in Venezuela
OTTAWA - Conservative Leader Pierre Poilievre is warning the federal government that the possible end of American sanctions on Venezuelan oil could displace Canadian exports to the U.S. — and is urging the Liberals to "immediately approve a pipeline to the Pacific Coast." In a letter to Prime Minister Mark Carney posted on social media Tuesday, Poilievre said the action taken by the United States over the weekend has "altered the global energy landscape." U.S. President Donald Trump [Read more]
- « Previous Page
- 1
- …
- 284
- 285
- 286
- 287
- 288
- …
- 3778
- Next Page »