US EditionCrude Oil Prices Slip Amid US-Venezuela Conflict: What's the Outlook for 'Black Gold' and Reasons Behind Fall? Explained
OPEC+ maintains production levels despite Venezuela's political crisis; global oil supply remains ample with Venezuela exporting 140,000 barrels per day at Q4 2025, analysts say.
- In early Asian trade on Monday, global oil prices slipped as market participants cited plentiful global supply despite concerns about Venezuela, OPEC member.
- On Saturday, U.S. forces captured Venezuelan President Nicolas Maduro, and President Donald Trump said the U.S. would control Venezuela until a transition while maintaining the oil embargo.
- Venezuela holds 303 billion barrels of proven crude, about 17% of the global total, and currently produces 800,000 bpd with exports of 140,000 bpd at the end of the fourth quarter of 2025, while Helima Croft said restoring production costs $10 billion annually.
- PDVSA sources said the weekend strike caused no damage, while Daan Struyven called short-term effects ambiguous but noted Maduro's ouster could trigger disruptions.
- Analysts caution recovery will be gradual and partial, with production edging higher if a U.S.-supported government is installed and the Trump administration lifts sanctions, while long-term U.S. oil investment could lower prices.
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38 Articles
Brent, the gross reference oil in Europe, dropped 0.6% while West Texas Intermediate, a reference in the United States, dropped 0.5% before the formal opening of the market this afternoon.
The oil market was not afraid of Maduro being detained.
Crude oil prices slip amid US-Venezuela conflict: What's the outlook for 'black gold' and reasons behind fall? Explained
While the immediate effect on oil market is seen as limited, the change in control over Venezuela's vast oil reserves poses critical implications for heavy crude pricing and long-term supply forecasts.
Petroleum prices fell this afternoon after the President of the United States of America (USA) demanded “total access” to the natural resources of Venezuela and OPEP+, which groupes members of...
The oil market is still undecided on how to respond to events in Venezuela. Under US control, oil production on the ground could rise, but that would take time.
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