Energy experts say President Donald Trump’s push to revive Venezuela’s oil market boosts the United States' leverage with China, while putting Canada at a disadvantage.

Canada and Venezuela compete in the same heavy-oil regional and global markets, so shifts in supply from Canada to Venezuela would widely reverberate across the Canadian economy.

Canadian oil stocks face volatility as Venezuela supply fears re-emerge, while investors remain focused on data, commodities and equity issuance momentum.

The complex political situation in Venezuela could harm new investments and will likely keep big oil on the sidelines while the new Venezuelan oil power players emerge.

Donald Trump’s intervention in Venezuela has sent shivers down the spine of oil buyers in China, not only because of their reliance on Venezuelan crude but because it highlighted Washington’s ability to interfere with larger suppliers,

Canadian crude oil is low risk and will stay competitive even if output in Venezuela rises after the U.S. capture of President Nicolas Maduro, Prime Minister Mark Carney said on Tuesday.

President Donald Trump’s push to unlock Venezuelan crude is strengthening the political case for a proposed pipeline that would allow Canada to ship more oil to China and other Asian markets.

Control of Venezuela oil is shifting rapidly from boardrooms to governments’, says Nigel Green of deVere Group.