Energy Intelligence
Venezuela: Oil Outlook Tied to Uncertain US Sanctions Policy
Venezuela: Oil Outlook Tied to Uncertain US Sanctions Policy
Thu, May 22, 2025
Regular price
$1,000.00 USD
Regular price
Sale price
$1,000.00 USD
Unit price
per
Taxes included.
Couldn't load pickup availability
US President Donald Trump’s hardline approach to Venezuela has resulted in the revocation of operator licenses – both for onshore and cross-border offshore operations with Trinidad – and possible imposition of secondary tariffs.
In this concise report, Energy Intelligence scenarios point to three possible pathways for Venezuela’s sanctions and oil production outlook. The base “Caracas Adapts” scenario sees Venezuela weather another round of sanctions, while continuing exports (at steep discounts). If Trump and President Nicolas Maduro reach some sort of agreement, or if broad US sanction waivers are extended, a modest production recovery is possible. Yet, with even tighter sanctions enforcement and tariffs, production could fall to 600,000 b/d by end-2026.
