Venezuela's Oil Future: What's Next After Maduro's Exit?
Venezuela, CaracasSat Jan 03 2026
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Venezuela is in chaos after a big move by the US. The country has a lot of oil, but it's not using it well. The US took out President Maduro, and now people are wondering what will happen next.
Venezuela has the most oil in the world, but it's not making much of it. The country used to make a lot more oil, but things went downhill. Now, it only makes about 1 million barrels a day. That's not a lot compared to what it used to make.
The US and other countries put sanctions on Venezuela. This made things worse for the country's oil industry. The oil equipment is old and broken. Even if Venezuela stops selling oil, it might not make a big difference in the world's oil prices.
Venezuela's oil is different from what the US makes. It's thick and hard to refine. The US has refineries that can handle this kind of oil. If Venezuela starts selling oil again, it could help the US and other countries.
The US recognizes someone else as the president of Venezuela. This person might be more friendly to the oil industry. If that happens, it could be a big deal for the world's oil market. But it's too early to know what will happen.