Daily Oil Fundamentals

Going Cold on Venezuelan Oil, Anxious about Iran

09 Jan 2026

Going Cold on Venezuelan Oil, Anxious about Iran

Unilaterally monopolising a country’s energy sector was always going to be fraught with stumbling blocks, but until now, it has not been clear what those obstacles would be, nor from which direction they would emerge. Reluctance on the part of international oil companies is one possible hurdle to fulfilling the US President’s wish to channel an unlimited amount of Venezuelan oil to the United States.

Daily Oil Fundamentals

Fragile Confidence in Growing Supply Surplus

08 Jan 2026

Fragile Confidence in Growing Supply Surplus

It always takes a day or two to diligently assess any earth-shattering event that has the potential to shake markets to their very core. In the current scenario, this refers to the impact of the Venezuelan crisis, precipitated by the US capture of the country’s former strongman and the appointment of his replacement—his deputy—rather than the legitimate opposition leader.

Daily Oil Fundamentals

It is All About Venezuela

07 Jan 2026

It is All About Venezuela

What do Russia and Venezuela have in common? They are allies, and both sit on enviable oil wealth (the latter much more so than the former). What are the major differences between Russia and Venezuela? They are on different continents; the latter lies within the US sphere of influence and does not possess nuclear weapons.