US EditionPublished • loading... • Updated
Canada's oil sector shouldn't panic, stay competitive after Maduro's seizure: expert
Experts urge Canada’s oil sector to diversify and maintain competitiveness amid U.S. pressure on Venezuela’s oil industry, highlighting medium-term market risks from sanctions and policy shifts.
- On Jan. 4, 2026, The Canadian Press reported a political scientist warned U.S. President Donald Trump’s interest in Venezuela reminds Canada’s oil and gas industry not to panic and stay competitive.
- Amid long-running sanctions dating to 2005, Marco Rubio, U.S. Secretary of State, backtracked on claims he'd 'run' Venezuela, saying the U.S. would enforce an existing 'oil quarantine' instead.
- Logistical hurdles and a shadow fleet show Petroleos de Venezuela S.A. relies on falsely flagged tankers, limiting how quickly oil reaches markets after expanded sanctions.
- Experts recommend diversification and logistics improvements as Heather Exner-Pirot called Trump's plan a medium-term risk and Mark Carney with Danielle Smith pursued new markets in recent months.
- Venezuela could shift markets long-term, but analysts warn the outlook is uncertain because potential insurgent forces in Venezuela and non-oil factors could deter international oil investors and complicate production.
Insights by Ground AI
Podcasts & Opinions
36 Articles
36 Articles
Bowen Island Undercurrent+19 Reposted by 19 other sources
Canada's oil sector shouldn't panic, stay competitive after Maduro's seizure: expert
EDMONTON — A political scientist says U.S. President Donald Trump's interest in transforming Venezuela's oil-rich sector is a reminder for Canada's oil and gas industry to not panic and stay competitive.
Winnipeg Free Press+7 Reposted by 7 other sources
Canada's oil sector shouldn't panic, stay competitive after Maduro's seizure: experts
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
Read Full Article
After US Venezuela Operation, Poilievre Says Canada in ‘Weakened’ Position Without More Oil Pipelines to Tidewater
Conservative Leader Pierre Poilievre says the Liberal government’s oil tanker ban, which led to the cancellation of a pipeline that would have transported Alberta oil to British Columbia for international markets, has put Canada in a “weakened and dependent” position. Poilievre’s remarks came shortly after the United States announced on Jan. 3 that it had captured Venezuelan leader Nicolás Maduro and his wife, Cilia Flores. U.S. President Donald…
·New York, United States
Read Full Article
Coverage Details
Total News Sources36
Leaning Left19Leaning Right4Center4Last UpdatedBias Distribution70% Left
Bias Distribution
- 70% of the sources lean Left
70% Left
L 70%
15%
15%
Factuality
To view factuality data please Upgrade to Premium
