The intervention of Venezuela by the United States, which ended with the arrest of Nicolás Maduro, will have a limited effect on international oil prices, Moody’s assured.
According to him, since January 3, when the events occurred, it has not had a significant impact on prices, and the South American country has a low participation in global fuel exports. According to the institution, foreign sales in November 2025 reached 950,000 barrels per day (bdp), which represents less than 1% of global supply. In December, export volumes were reduced to just 500,000 bpd, following partial blockades by the United States.
Moody’s said that in the short term, Venezuelan oil arriving in the United States would widen heavy crude spreads, modestly benefiting US Gulf Coast refiners such as Valero Energy, Marthon Petroleum and CITGO Petroleum.
Likewise, he noted that Venezuela’s attractiveness for large investments will depend on substantial changes in its government and a sustained improvement in the country’s security and confidence in the inviolability of contracts. In addition, he specified that large investments are required just to maintain the country’s current production capacity.
DATA
Last Wednesday, the price of a barrel of North Sea Bent, for delivery in March, fell 1.22% to US$59.96
Meanwhile, a barrel of West Texas Intermediate for delivery in February fell 2% to US$55.99.
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