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Trump’s Venezuela Oil Grab Is Pushing Chinese Refiners to Canada

Summary by Times of India
China's refiners, facing a cutoff from Venezuelan crude due to US actions, are now exploring pricier Canadian oil. Inquiries for Canadian supply have surged, with processors seeking alternatives to Venezuela's heavy-sour crude. While Canadian oil is more expensive, its quality and shorter shipping times make it an attractive substitute, especially as existing Venezuelan oil reserves dwindle.

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Trump’s Venezuela Oil Grab Is Pushing Chinese Refiners to Canada

·United States
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From US corporations in the 1920s to Trump's outspoken demands for access: Venezuela's oil has always been at the centre of geopolitical interests Donald Trump has to be left with no effort to cover the motive behind the attack on Venezuela. "We need unrestricted access to Venezuela's oil resources," the US President said last Sunday. At the first press conference the day before, he stressed that he wanted to open the Venezuelan oil industry to …

The US demands are increasingly blatant and has put a price on the military operation in Venezuela: 50 million barrels of oil. We analyze it in this episode of La Cafetera, noting that Trump has also escalated the bet by intercepting a Russian oil tanker. At the same time Nicolás Maduro is acquiring the condition not of arrest, nor of capture, but of hostage. According to international laws, he has diplomatic immunity because a head of state, wi…

According to US Secretary of Energy Chris Wright, this process will begin as soon as the raw materials that are now stored in the country ' s storage facilities are sold, and the new financial control mechanism for the sale will not be available to the local regime. The Minister explained that the revenues will be accumulated in special accounts directly under the supervision of the United States Government, and that these resources are pla…

·Kyiv, Ukraine
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politicopro.com broke the news in on Wednesday, January 7, 2026.
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