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    Trumps Ölraub in Venezuela drängt chinesische Raffinerien nach Kanada
    Kanada

    Trumps Ölraub in Venezuela drängt chinesische Raffinerien nach Kanada

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    1. Digitking003 on

      BBG’s highlights:

      >China’s refiners are looking for alternative oil sources, including Canada, after being cut off from Venezuelan crude.

      >Chinese inquiries about Canadian oil supplies have increased, with processors considering Canadian grades as a replacement for Venezuela’s Merey crude.

      >Canadian crude is more expensive than Venezuelan crude, but its shorter transportation time and more freight options may make it a viable alternative for Chinese refiners.

    2. Acceptable_Visit_115 on

      So much for the doomers waving their arms around and saying „wahhhhhh Americans now own Venezuelan oil so they’ll stop buying from Canada“.

      It seems like Canadian energy has no issue attracting foreign buyers after all.

    4. shiftless_wonder on

      And how does Canada manage to actually physically transport this oil to China? A new pipeline, that’s right. The same one BC and Eby fought tooth and nail to stop.

    5. Consistent-Study-287 on

      It would not surprise me to see PetroChina as a supporter for a new oil pipeline going through BC. They own 15% of LNGCanada so they aren’t strangers to investing in pipelines in Canada, Carney is visiting next week, and the Venezuela situation does mean they might have more appetite for Canadian Oil.

    6. Arctic_Chilean on

      Great, now the US and their „Donroe“ doctrine will be aimed north towards us next

    9. OptiPath on

      Exactly as expected! Global oil consumption remains unchanged regardless of the takeover of Venezuela oil. Former buyers of Venezuelan oil will need to source alternatives which creates an opportunity for Canada. The key now is expanding access to additional markets! Pipelines!!

    10. RandomPersonInCanada on

      I don’t know anything about this business. But oil is still needed, and there will always be buyers.

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