How Venezuelan crude could shake things up for Canadian producers

A pair of pumpjacks are bisected by a rainbow.

Venezuela’s bitumen-heavy oil is virtually identical to Canada’s and the South American country has the largest proven reserves in the world. But Venezuelan oil has essentially disappeared from world markets over the past 20 years. U.S. President Donald Trump’s threats to invade Venezuela have opened up the prospect that it could one day return, with huge implications for Canada.

CBC | World News

Leave a Reply

Your email address will not be published. Required fields are marked *

*