Venezuelan Oil’s Return Threatens Canada’s US Energy Dominance

Economic Impact On Canada If U.S. Shifts To Venezuelan Oil - Bridge City News - January 9, 2026

Since the capture of Venezuelan President Nicolás Maduro last Saturday,  expert opinions have multiplied regarding the future of Venezuelan oil amidst negotiations being pursued by the White House and the new Venezuelan administration, considering the US is the main buyer of their oil and it is also the main customer for Canadian oil.  Experts in Canada warn that if crude exports to the American market are reduced, the federal government will ne…

Stability under the oil shock triggered by the U.S. invasion of Venezuela

The U.S. takeover of Venezuela has cut the nation’s already small oil output in half, dropping exports from about 950,000 barrels per day to roughly 500,000 as political turmoil deepens Suncor Energy (TSX/NYSE:SU) stands out in Canada’s oil sector, benefiting from strong operational performance and long‑term production growth even as Canadian energy stocks dipped after the U.S. operation Venezuela’s massive 303‑billion‑barrel reserves create lon…

Venezuelan Oil’s Return Threatens Canada’s US Energy Dominance

The energy dynamics between the United States and Canada are undergoing a significant shift, as the potential re-entry of Venezuelan heavy oil into the market poses a new challenge for Canadian producers. This development could reshape the refining landscape in the U.S., particularly in the Gulf Coast region, where refiners have heavily relied on Canadian crude. Canada has long been a… Source