Episode 435: PODCAST: US Venezuela operation raises long-term questions for global oil market

The US military operation in Venezuela at the start of 2026 resulting in the capture of president Nicolas Maduro had a modest immediate impact on oil prices. However, questions raised by these events are highly consequential for global markets and the future geopolitical power balance. Shares in some US-listed oil companies rose sharply after the operation, but who will be the real winners and losers in the long term? What are the implications for global oil and gas markets, amid protests rocking Iran and the possibility other resource-rich countries and territories such as Canada, Colombia, Greenland or Mexico could be on Washington’s target list? Senior reporter Aura Sabadus has invited ICIS global crude oil editor Barney Gray and senior oil analyst David Jorbenaze to reflect on latest developments and the long-term outlook for markets.

You can listen to Episode 435: PODCAST: US Venezuela operation raises long-term questions for global oil market online on Radio and Podcast. Open the player on this page to stream the available audio.

Episode 435: PODCAST: US Venezuela operation raises long-term questions for global oil market is an episode from ICIS - energy podcasts by ICIS Energy.

This episode is 30:07 long.

This episode was published on Jan 5, 2026.

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