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What Venezuela’s Return Means for Canadian Midstream

Reported · Written up by our desk · Equity Funds

Venezuela’s return as a major crude supplier to the U.S. is reshaping the market for heavy crude. Venezuelan barrels have overtaken Canadian crude in Gulf Coast imports and, along with record freight costs, have pushed Canada’s heavy crude discount to more than double its 2025 levels. In response, Canada is accelerating its push into Asian [...] The post What Venezuela’s Return Means for Canadian Midstream appeared first on ETF Trends .

Latest closeWTI crude $102.95 ▲0.9%

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