Friday, 04 September 2026
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Canada News from Canada · WORLD EUROS
Nº 55 Friday, 04 September 2026
Business

The U.S. could control 20% of Venezuela's oil reserves. Canada's oilpatch isn't worried

The U.S. could control 20% of Venezuela's oil reserves. Canada's oilpatch isn't worried
Sources: CBC

U.S President Donald Trump is continuing his pursuit of Venezuela's oil jackpot, announcing a new deal aimed at boosting production in the South American country. And while Trump is flaunting the potential controlling stake in a portion of Venezuela's oil reserves as a warning to Canada, experts say there is little cause for concern in Western Canada.

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