From Threat to Opportunity: Why Canadian Heavy Oil Producers Should Eye Venezuela

The conventional narrative around Venezuela's potential oil resurgence paints it as an existential threat to Canadian heavy crude producers. We're told that when sanctions lift and production ramps back up, Venezuelan barrels will flood U.S. Gulf Coast refineries, undercutting Canadian market share and eroding our pricing power.

This piece discusses the how Canadian producers can flip the narrative and create a win-win opportunity.