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07.11.2025 16:35:01

Oil Markets Brace for Turbulence as Trump Turns Up Pressure on Venezuela

Venezuela’s Barrels in the Balance as Trump Turns Up the Heat As the US Senate voted down a motion that would have required President Trump to get congressional approval for any military attack on Venezuela, the oil markets are now bracing for a new geopolitical risk premium to kick in soon. Any potential US attack on Caracas would have a short-term bullish impact on oil as the return of Chevron to Venezuela has allowed PDVSA to stage a minor production rebound to 1 million b/d in recent years. Venezuela reported crude production of 1.097…Weiter zum vollständigen Artikel bei OilPrice.com