Name: Canadian oil stocks slip after U.S. forces capture Maduro
Uploaded: 2026-01-05T23:36:05.371Z
Duration: 4 min 59 s
Description: Shares of some Canadian oil and gas companies have fallen nearly seven per cent Monday after America’s incursion into Venezuela over the weekend. Venezuela produces a heavy crude, which is similar to what is produced in Canada.

Shares of some Canadian oil and gas companies have fallen nearly seven per cent Monday after America’s incursion into Venezuela over the weekend. Venezuela produces a heavy crude, which is similar to what is produced in Canada.

Caracas

The U.S has launched strikes on sites inside Venezuela, including military facilities and arrested Venezuelan President Nicolás Maduro along wife his wife.

Venezuela Strikes

Canadian oil stocks experienced a decline following the capture of Venezuelan leader Nicolas Maduro by U.S. forces, as the U.S. administration signaled intentions to access Venezuela's vast oil reserves. While North American oil prices rose slightly, analysts noted that the impact on Canadian oil companies may be temporary, as significant investment and political stability are required before Venezuelan oil could compete directly with Canadian exports.

Alberta Premier Danielle Smith highlighted the importance of diversifying Canadian oil export routes in response to potential future competition. Experts and U.S. analysts believe it could take years before Venezuelan crude poses a direct challenge to Canadian producers, given current infrastructure and market dynamics.

Canadian oil stocks slip after U.S. forces capture Maduro

Donald Trump has his eyes on Venezuela's massive oil reserves following the dramatic weekend capture of Nicolas Maduro the u.s President expects oil riches will soon start flowing to American companies But industry analysts warned decaying infrastructure and political uncertainty could prove to be significant hurdles The CBC's Hillary Johnstone joins us with more so we're hearing oil executives will soon meet with the Trump administration about Venezuela How are markets reacting to all of this because this is the first day that markets been open since this happened on the weekend That's right. So the the price of North American oil it has gone up a little bit today Remember that it's it's still much lower than where it was just a couple of years ago even but when you take a look at Some of those Canadian oil and gas companies the price of their stock has been lower today And now some analysts say that they expect that to be short-lived because it would take years Experts say for Venezuela oil to really come into direct competition with Canadian oil and we'll talk a little bit more about that in just a moment But of course the reason why markets are reacting to all of this is because Venezuela does have the world's largest Proven oil reserves and we have a map here that we can show you a lot of it is in that region that you see Circled there called the Orinoco belt, but most of it more than 85 percent of it Is this heavy crude which needs to be refined and those? Refineries in the US Gulf Coast that could potentially at some point be a destination for it Of course, Donald Trump has said that he wants American oil companies to come in spend billions because that's what analysts say would be necessary In order to update the infrastructure there and if we take a look at just Venezuelan oil Exports we have a graphic here that we can show you even though they have the world's largest known reserves Their output is still very small compared to other major players in the market Donald Trump wants American producers to go in and spend all of this to bring the infrastructure Back up to speed but experts say that that could take a lot of time and also a lot of money Here is what we heard from one industry analyst. The one thing that's overarching the entire global picture is that? It's it's consensus opinion that US production is is peaking and plateauing and the Venezuelan production By the time it gets on might come in handy, you know, maybe half a decade or decade for now So it is it is possible But I mean certainly that's a lot of money and a lot of things have to go right to bring that oil out of the ground one of the things that would have to go right is for the political situation to stabilize because the other thing that experts have said is that any private company or publicly traded companies that Need to go and speak with their board or their shareholders that they might be really hesitant to go and make huge Investments in an area in a country where the leadership situation the political situation is still this massive question mark right now Which of course it is in Venezuela Canadian oil has long benefited from the decline in Venezuelan oil production because our oil is similar to the heavy crude We're just hearing from Alberta Premier Danielle Smith. What do we know about the possible impact? Well, she is certainly thinking about the possible impact because it could be that down the road that maybe that heavy Canadian crude could come into direct competition with that heavy Venezuelan crude They're very very similar. Remember that a lot of the Canadian crude is crude is refined in the US Midwest But the concern here would be those refineries along the US Gulf Coast. So here's what we're hearing from Alberta's Premier Danielle Smith She's very clearly thinking about this saying quote recent events surrounding Venezuelan dictator Nicholas Maduro emphasized the importance that we expedite the development of pipelines to diversify our oil export markets Including a new indigenous co-owned bitumen pipeline to BC's northwest coast to reach Asian markets She goes on to say that she expects the federal government to move forward with urgency Remembering that the Alberta government here is continuing that work to submit their application to the major projects office So a lot of people thinking about this But experts say it could still be a long time before a Canadian crude would be in such direct Competition with Venezuelan crude and some US analysts say that they're not that concerned about this and they don't think that Canadian Producers should be that concerned. Here's what we heard from one expert the Midwest of the United States Takes most of the Canadian imports and that's pipeline locked Our refineries there are optimized to Canadian crude. They don't have other real sources the pipelines flow from you know flow south They don't come north. They're not taking imports from the from the water We need those Canadian imports less oil gets sent to the Gulf Coast So that's one analyst take but certainly you know that a lot a lot of major players in the Canadian markets are keeping a close Eye on all of this. They sure are Hillary. Thank you. Thank you

U.S. forces have boarded a Venezuela-linked sanctioned oil tanker in the North Atlantic after pursuing it for weeks. The U.S. military also announced the seizure of a sanctioned tanker ship in the Caribbean Sea, the second vessel taken by American forces on Wednesday.

U.S. seizes two more sanctioned oil tankers with links to Venezuela

A woman was fatally shot by an ICE officer Wednesday morning in Minneapolis, the Department of Homeland Security says. CBS News' Nicole Sganga reports from the scene.

Minneapolis

Protesters gather after ICE shoots and kills woman in Minneapolis

The U.S. seized a Russian-flagged oil tanker that was being shadowed by a Russian submarine on Wednesday (Jan. 7), after a more than two-week-long pursuit across the Atlantic as part of a U.S. "blockade" of Venezuelan oil exports.

U.S. seizes Venezuela-linked oil tanker after weeks-long pursuit

Nick Reiner, the son of Rob and Michele Reiner, is set to be arraigned in the killing of his parents, Rob Reiner and Michele Singer Reiner. It comes as details emerge about his time in custody and how his mental health history could play a role in his case.

Los Angeles

Nick Reiner due in court on murder charges

Flights across France and Belgium and Eurostar train services have been severely disrupted by the winter weather.

Paris

Eurostar trains and hundreds of flights cancelled amid heavy snowfall

President Masoud Pezeshkian on Wednesday urged security forces to distinguish between what he called rioters and protesters, urging them not to target peaceful demonstrators.

Tehran

Iran's President urges security forces not to target protesters

In Iran, protests that broke out on December 28th over the soaring cost of living look set to continue. Security forces fired tear gas at demonstrators in Tehran's Grand Bazaar on January 6: without giving numbers, Iran's IRNA news agency said 'some' people were arrested.

Death toll rises as Iran's security forces clash with protesters

Members of the North Atlantic Treaty Organization (NATO) are reacting to the Trump administration's comments on a potential Greenland takeover from Denmark.

Nuuk

European leaders blast Trump over Greenland takeover discussions

Donald Trump says Venezuela will hand over as much as 50 million barrels of oil and he will control the profits.

Washington

Trump says Venezuela will turn over 30-50 million barrels of oil

Britain and France have said they could send troops to Ukraine if a ceasefire is agreed. The pledge came at a Paris meeting of 30 nations, including the US, on security guarantees demanded by Kyiv before any peace deal.

London

Ukraine Invasion

UK, France ready to deploy troops in Ukraine after ceasefire

Colombian President Gustavo Petro said he would “take up arms” in the face of threats issued by US President Donald Trump.

Bogotá

Colombia vows to defend its sovereignty amid Trump’s military threats

Israeli forces storm Birzeit University in the occupied West Bank soon after students begin a sit-in in solidarity with jailed Palestinians.

Jerusalem

Middle East Conflict

Israeli school assault wounds dozens of Palestinians in West Bank raid

The White House says U.S. President Donald Trump and his team are considering a range of options in efforts to acquire Greenland as the ouster of Venezuelan leader Nicolás Maduro continues to reverberate in the Western Hemisphere.

Trump sees acquiring Greenland as a national security priority

The United States for the first time backed a broad coalition of Ukraine's allies in vowing to provide security guarantees that leaders said would include binding commitments to support the country if it is attacked by Russia again.

U.S. backs security guarantees for Ukraine at summit of Kyiv's allies

South African President Cyril Ramaphosa has expressed deep concern over recent U.S. military action in Venezuela, calling for the immediate release of Venezuelan President Nicolás Maduro and his wife.

Soweto

Ramaphosa urges UN action after U.S. capture of Maduro

At least 25 people have been killed in Iran during the first nine days of protests that started in the bazaar of Tehran over the plunging value of the currency and soaring inflation, according to rights groups. This video contains graphic images.

Rights groups say at least 25 dead in Iran protests

The administration of President Donald Trump is planning to meet with executives from U.S. oil companies later this week to discuss boosting Venezuelan oil production after U.S. forces ousted its leader Nicolas Maduro, according to a source familiar with the matter.

Trump administration sets meetings with oil firms on Venezuela: source

Uncertainty in Venezuela has crossed into neighboring Colombia, especially after U.S. President Donald Trump suggested Colombian President Gustavo Petro could face U.S. action following the capture of Nicolás Maduro.

Tension rises in Colombia after Maduro’s capture

Nicolas Maduro appeared in a US courtroom on January 5, 2026. He pleaded "Not Guilty" to drug trafficking and other charges, insisting he is still Venezuela's president. Maduro's kidnapping is being justified by the Trump administration as a "surgical law enforcement operation", but what proof is the case resting on?

New York

Maduro pleads 'not guilty' in U.S. drug trafficking case

Local authorities in Crans-Montana admitted failing to conduct fire and safety inspections at Le Constellation bar, where a fire killed 40 and injured 116 during New Year celebrations.

Crans-Montana

Swiss Alps bar not inspected for five years prior to deadly fire

Twelve Israeli military vehicles have entered the Quneitra countryside in southern Syria. Several villages there have been the target of repeated Israeli raids in recent months. Tuesday's incursions come as discussions between an Israeli and Syrian delegation are expected to continue in Paris - mediated and coordinated by the U.S.

Beit Jinn

Israeli army vehicles enter southern Syria ahead of Paris talks

Following the largest anti-corruption investigation of his presidency, Volodymyr Zelenskyy has launched a significant shake-up of the government and his office, with a series of dismissals and appointments in top political and security roles.

Kyiv

Ukraine's security service chief resigns amid Zelenskyy's reshuffle

The capture of Nicolás Maduro is prompting strong reaction from Venezuelans in the United States, and those who fled across the border into Colombia. Lilia Luciano has more on the two women vying to lead the country. Then, Cristian Benavides reports on opposing viewpoints on U.S. intervention.

Two women vying to run Venezuela amid opposing viewpoints

Police and the Secret Service are investigating a break-in at Vice President JD Vance's Ohio home. CBS News' Shanelle Kaul has more.

Cincinnati

Vice President JD Vance's Ohio home broken into

Ousted Venezuelan President Nicolás Maduro and his wife pleaded not guilty Monday to federal drug trafficking and weapons charges, days after they were captured by U.S. military forces in a stunning overnight operation and brought to New York City for prosecution.

Manhattan

Maduro, wife plead not guilty to charges in New York

A Paris court on Monday (January 5) found 10 people guilty of the cyber-harassment of France's first lady, Brigitte Macron, for spreading false claims that she is a transgender woman who was born male.

Ten convicted for cyber-bullying France's Brigitte Macron

Nicolás Maduro's vice president, Delcy Rodríguez, was officially sworn in as Venezuela's acting president. President Donald Trump warned he could go after her if she doesn't comply with U.S. demands, including access to the country's oil supply.

Trump says U.S. "in charge" of Venezuela

A Paris ​court on Monday found ten people guilty ⁠of the cyber-harassment of France's first lady, Brigitte Macron, for spreading false claims she is a transgender ​woman who was born a man. The court convicted all defendants to sentences ranging from a cyberbullying awareness training to 8-month suspended prison sentences.

Ten people found guilty of cyberbullying Brigitte Macron

Venezuelan President Nicolás Maduro is set to appear in a U.S. court on Monday (January 5) on drug charges after his controversial capture by American forces. President Donald Trump says he could order another strike if Venezuela’s interim government doesn’t cooperate.

Trump warns of second strike as Maduro faces U.S. drug charges

Former Venezuelan President Nicolás Maduro is being housed at Metropolitan Detention Center, Brooklyn, after he was captured by U.S. forces and flown to New York to face federal drug trafficking and weapons charges.

Canadian oil stocks slip after U.S. forces capture Maduro

Breakdown

See The Full Story

Venezuela Strikes