While Venezuela sits on the world's largest proven oil reserves, the country produces far less oil than the U.S. However, ...

The bank is projecting a wider discount on Alberta heavy crude this year, while U.S. plans to rebuild Venezuela's oil ...

Canadian heavy oil prices are plunging this week following the upheaval in Venezuela over the weekend and the prospect of ...

Analysts at CIBC are forecasting a wider discount on Alberta heavy crude this year as U.S. plans to rebuild Venezuela’s ...

The United States’ bid to control Venezuela’s oil sector after abducting Venezuelan President Nicolas Maduro has shone a spotlight on the type of crude held by the Latin American country. Crude oil, ...

Venezuelan crude oil worth $2.8 billion could reach Texas refineries next week following Trump's announcement of 50 million ...

Venezuela sits on 303 billion barrels of oil—more than Saudi Arabia. So why does it pump less than 1% of global supply? The answer involves nationalizations, sanctions and crude that's harder to ...

A Canadian tycoon who heads one of North America's fastest-growing oil companies is advocating for his country to lend its ...

Crude prices are low. Companies are being cautious. But huge reserves — particularly of the heavy, viscous oil Venezuela has ...

Much of the American refining infrastructure was specifically engineered to process heavy crudes from Latin America and ...

Canadian oil prices are experiencing a significant surge, primarily driven by increasing demand from China and the successful expansion of the Trans Mountain Pipeline (TMX), which facilitates exports ...

At-a-Glance: Heavy oil is a dense, viscous petroleum fluid (typically 10–22 °API) enriched in resins/asphaltenes with low gas content, formed when originally lighter oils are altered after charge by ...