President Donald Trump said US oil companies will spend billions of dollars to rebuild Venezuela's energy infrastructure after the capture of Nicolás Maduro, the country's former leader. The nation has the world's largest oil reserves, but output plummeted during Maduro's 12-year term.
Saul Kavonic, Head of Energy Research at MST Marquee, explains the different factors keeping oil prices in balance despite the dramatic US moves on Venezuela. He says Venezuela is an important source of supply for medium and sour crude, especially for US refiners.
Maduro's arrest raises fresh uncertainty over who controls Venezuela's oil and how exports are managed. Chevron is best positioned if sanctions ease, but reviving production would take years and billions.
A muted price move reflects expectations that significant obstacles remain before Venezuelan oil is flowing more freely.
Oil prices slipped in early Asian trade on Monday on ample supply despite concerns about political upheaval in OPEC member Venezuela disrupting shipments.
President Donald Trump has called on U.S. oil companies to invest in Venezuela after the overthrow of President Nicolas Maduro. Venezuela, a founding member of OPEC, sits on the largest proven crude oil reserves in the world.
The U.S. ouster of Nicolás Maduro could open a new chapter for Venezuela's oil sector, Jefferies analysts said.
Global investment strategist Marko Papic, referencing the 1980s Chuck Norris vehicle “The Delta Force,” says traders could start demanding higher prices as the U.S. rediscovers a taste for regime change.
Investors were bracing for futures to start trading later on Sunday after the U.S. captured Venezuela's President Nicolás Maduro.
Oil prices (CL=F) fell about 18% in 2025. In the video above, Raymond James equity research analyst Pavel Molchanov shares two reasons why prices fell so much.
OPEC+ will likely maintain steady oil output at its meeting on Sunday, OPEC+ delegates said, despite political tensions between key members Saudi Arabia and the UAE, and the U.S. capture of the president of smaller producer Venezuela.
Having attacked Venezuela and deposed its president, Nicolas Maduro, US President Donald Trump now says he has big plans for the country's oil industry and its vast reserves. -------- More on Bloomberg Television and Markets Like this video?