Venezuela Deal Won't Dent Alberta Oil Industry, Analyst Says

The oil industry in Alberta does not see the recent deal between the US and Venezuela as a threat, according to an analyst.

America has been trying to put pressure on Venezuelan President Nicolas Maduro by imposing sanctions, but this move seems to have backfired, with Maduro's government instead striking a deal with the US.

The US-Venezuela agreement aims to stabilize Venezuela's oil production and get it back online. However, analysts believe that the deal will not significantly affect Canada's oil industry.