Venezuela Reopened? Trump, Sanctions, and the Heavy Crude Shock

A sudden shift in US policy has put Venezuela back at the center of global oil markets. US and international oil executives are striking different tones on Venezuela after President Donald Trump said the White House will decide which companies are allowed back into the country's oil sector following the US seizure of Venezuelan President Nicolas Maduro on Jan. 3. Heavy oil price discounts are already reacting to expectations of increased Venezuelan supply. Can Venezuela meaningfully boost production after years of underinvestment? Who benefits from cheaper heavy crude? Join Jeff Mower , Director of Americas Oil News, as he discusses these issues and more with S&P Global Energy oil policy reporters Kate Winston and Eamonn Brennan , and Patrick Harrington , Americas oil markets manager.

You can listen to Venezuela Reopened? Trump, Sanctions, and the Heavy Crude Shock online on Radio and Podcast. Open the player on this page to stream the available audio.

Venezuela Reopened? Trump, Sanctions, and the Heavy Crude Shock is an episode from Oil Markets by S&P Global Commodity Insights.

This episode is 22:30 long.

This episode was published on Jan 15, 2026.

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