Venezuela's Oil Supply Drops, Global Market Unfazed
Update: 2025-12-17
Description
Despite recent disruptions in Venezuela, the global oil market remains well-supplied. Venezuelas oil production has plummeted to a seven-month low due to U.S. sanctions and a tanker seizure, but the market can absorb this loss. Even in a worst-case scenario, Venezuela could lose up to five hundred thousand barrels per day. However, with improved management and investment, Venezuela could potentially return to production levels of around two million barrels per day within one to two years.
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