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US gains leverage over Canadian oil, weakens China amid US plans to overhaul Venezuelan oil market

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1 day ago

The Trump administration's plans to revitalize the Venezuelan oil market puts the United States at an advantage over Canada and serves to weaken China, according to energy experts.  Conservative politicians, including the leader of Canada's conservative opposition party, are calling on Canadian Prime Minister Mark Carney to approve a new Pacific coast pipeline to help aid the country's oil exports to overseas markets, amid fears that the United States' involvement in Venezuela's market will significantly impact the competitiveness of Canadian oil. Canadian lawmakers are concerned that increase...

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1 day ago
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