10-January-2026
Corporate News
 
Trump’s Venezuela oil grab is pushing Chinese refiners to Canada
09-Jan-2026

China’s refiners, all but cut off from Venezuelan crude in the past week as the US positions itself for access to the world’s largest oil reserves, are eying a pricier alternative source — Canada. Chinese inquiries around Canadian supply have increased since the snatching of President Nicolas Maduro at the weekend, traders said, with processors considering the country’s grades seen as among the best replacements for Venezuela’s Merey crude.

News Source:- https://economictimes.indiatimes.com/news/international/world-news/trumps-venezuela-oil-grab-is-pushing-chinese-refiners-to-canada/articleshow/126412767.cms