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4d ago

U.S. Strikes Venezuela as Trump Says Maduro Captured and Vows U.S. Role in Oil Industry

Analysts expect only limited price moves given Venezuela’s small share of global supply and early reports that key energy facilities remain intact.

An oil tanker is seen anchored in Lake Maracaibo after loading crude oil at the Bajo Grande Refinery port.
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Overview

  • President Donald Trump said U.S. forces carried out large-scale strikes and captured Nicolás Maduro, who was flown out of the country.
  • Trump pledged that major U.S. oil companies would enter Venezuela, invest billions to repair infrastructure and help restart output, while keeping a full oil embargo in place.
  • Venezuela’s PDVSA said production and refining were operating normally and key assets were not damaged, with reports indicating the Jose terminal, Amuay refinery and Orinoco oil areas remained online.
  • Weeks of U.S.-ordered interdictions and tanker seizures have already curbed Venezuelan exports, forcing some wells offline as several vessels diverted or idled and storage filled up.
  • Oil strategists see a modest market impact for now due to global oversupply and Venezuela’s roughly 1% share of output, though a geopolitical risk premium has edged higher and Chevron continues operations under a U.S. waiver.