Venezuelan oil would boost US refiners, hurt Canadian producers
Increased oil supply from Venezuela may lead to lower oil prices, impacting CNQ negatively, similar to past instances where oil supply exceeded demand.
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Increased oil supply from Venezuela may lead to lower oil prices, impacting CNQ negatively, similar to past instances where oil supply exceeded demand.
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Resumption of Venezuelan oil exports may lower U.S. refining costs. Refiners could absorb up to 1 million barrels per day if sanctions end.
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