Council on Foreign Relations 143d ago

Description: “Another argument could be made, and this is more geopolitics and speculation, that the Venezuelan oil can fully offset Canadian oil—numerically and by quality grade. It’s exactly the same number. So at the peak, they can produce about 4 million barrels per day. That’s what we buy from Canada at the moment. And that’s exactly the same you have in crude oil,” argues Natasha Kaneva, managing director for global oil and commodities research at JP Morgan Chase & Co. Watch the full conversation: https://www.cfr.org/event/year-ahead-commodity-markets Subscribe to our channel: https://goo.gl/WCYsH7 This work represents the views and opinions solely of the author. The Council on Foreign Relations is an independent, nonpartisan membership organization, think tank, and publisher, and takes no institutional positions on matters of policy. Visit the CFR website: http://www.cfr.org Follow CFR on X: http://www.twitter.com/cfr_org Follow CFR on Facebook: https://www.facebook.com/councilonforeignrelations/