Here’s an MSN scrape of the article. https://www.msn.com/en-us/money/markets/the-oil-sector-s-biggest-winners-and-losers-from-venezuela-regime-change/ar-AA1TvD1p

In comments today, President Donald Trump says the sanctions on Venezuelan oil remain in place, but he also said that the U.S. intends to be “very involved” in Venezuela’s oil sector, which he says requires billions of dollars fix the “badly broken” oil infrastructure.

The administration frames this as a reclamation project, suggesting companies will be ‘reimbursed’ through direct access to the crude.

Long Term Losers: Heavy Canadian Crude Producers

Venezuela’s long absence from Western markets helped entrench Canadian heavy crude as the dominant supplier to U.S. refineries configured for heavy barrels. Canada currently exports about 3.3 million barrels a day of crude to the U.S., and Canadian oil accounts for roughly a quarter of U.S. refinery throughput. Much of that volume is heavy oil sands crude flowing primarily to the U.S. Midwest and Gulf Coast, where refineries were originally built to process Venezuelan and Mexican heavy grades.