Tag Archives: Venezuelan

How Venezuelan crude could shake things up for Canadian producers

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 ...

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Maduro slams ‘colonial threat’ as Trump says Venezuelan airspace should be closed

U.S. President Donald Trump on Saturday said that the airspace “above and surrounding” Venezuela should be considered as “closed in its entirety,” an assertion that raised more questions about the U.S. pressure on Venezuelan leader Nicolas Maduro. His government accused Trump of making a “colonial threat” and seeking to undermine the South American country’s sovereignty. CBC | World News

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