Venezuela Archives - Page 2 of 11

The Everything Shortage: Why Global Supply Chains Are Breaking and What It Means for Energy Markets

August 30, 2026August 30, 2026 Clark Savage124

The world is short of nearly everything. Shipping routes are under attack, refineries are maxed out, and energy policies have backfired. In this episode, commodities expert Jack Prandelli breaks down the “everything shortage”—the interconnected crises in oil, gas, food, and critical minerals that are reshaping geopolitics and creating the next commodity super-cycle. Discover why diesel […]

President Trump Announces the World’s Largest Oil Deal with Venezuela

August 29, 2026August 29, 2026 Clark Savage156

ENB Pub Note: This article first ran on The Crude Truth Substack, and I agree with Rey Trevino’s viewpoints. I would also add that Bloomberg is reporting this morning that Venezuela is weighing the benefits of remaining in OPEC. Now that it is not selling oil to China at a huge discount, it will be […]

Are we about to see paper catch up to physical delivery on oil?

August 20, 2026August 20, 2026 Clark Savage138

The oil market is sending mixed signals that traders and energy watchers cannot ignore. Futures prices—the “paper” side of the trade—have been surprisingly restrained even as physical barrels face ongoing constraints from the prolonged disruption in the Strait of Hormuz. Diesel cracks are screaming tightness downstream, China has stepped back as the world’s swing buyer, […]

Citi Lifts Brent Outlook but Still Sees Oil Falling in 2027

August 8, 2026 Clark Savage275

Citigroup has raised its third-quarter 2026 Brent crude forecast to $80 per barrel from $75, citing the prolonged U.S.-Iran conflict and continued constraints on oil flows through the Strait of Hormuz. The bank left its fourth-quarter 2026 forecast unchanged at $70 per barrel and continues to project an average of $65 per barrel for full-year […]

U.S. Sale of Venezuela’s Oil Hits $13 Billion Since Maduro Capture

July 29, 2026 Clark Savage262

President Donald Trump announced this week that U.S.-controlled sales of Venezuelan oil have generated more than $13 billion since the January 3, 2026, capture of former President Nicolás Maduro. The figure aligns with Financial Times calculations of revenues held in U.S. Treasury accounts. Trump stated the proceeds have “paid for that war many times over,” […]

President Trump Announces Plans to Strike Iran Again and Take Control of Kharg Island, Echoing Venezuelan-Style Oil Controls

June 11, 2026 Clark Savage125

In a major escalation of the ongoing U.S.-Iran conflict, President Donald Trump has signaled that U.S. forces will strike Iran “VERY HARD TONIGHT” and, in the near future, take control of Iran’s critical oil infrastructure, including Kharg Island. This development draws direct parallels to the administration’s approach in Venezuela and aligns with commentary from energy […]

ExxonMobil’s Position in Guyana Is Making Profits

May 31, 2026 Clark Savage282

ExxonMobil’s massive offshore operations in Guyana are delivering blockbuster returns, even as global oil markets navigate geopolitical turbulence. The U.S. supermajor, operator of the world-renowned Stabroek Block, is riding a wave of record production, ultra-low breakeven costs, and newfound regional stability following Venezuela’s political restructuring. As highlighted in recent market analysis, the consortium’s cost-recovery phase […]

The Oil Supply Shock Can’t Be Fixed Before November

May 25, 2026 Clark Savage161

Even the most optimistic reopening of the Strait of Hormuz won’t deliver a quick fix. Physical barrels tell a far harsher story than paper futures. Art Berman (@aeberman12) nailed it in his May 25, 2026, post: There is no clean, modelable “successful reopening” of the Strait of Hormuz. Even in the wildly optimistic scenario, the […]

Saudis Tell OPEC That Oil Output Sank Again to Lowest Since 1990

May 13, 2026 Clark Savage243

Saudi Arabia has delivered a stark update to OPEC: its crude oil production plunged another 651,000 barrels per day (b/d) in April, hitting just 6.316 million b/d—the lowest level since the 1990 Gulf War. According to a monthly report from OPEC’s secretariat obtained by Bloomberg, the kingdom’s output has now fallen a cumulative 42% since […]

Will Venezuela Export Stranded Gas through Trinidad?

May 9, 2026 Clark Savage239

Shell is actively exploring the development of Venezuela’s offshore natural gas resources, with plans to route production through Trinidad and Tobago’s existing infrastructure for export as LNG. In a February 2026 earnings call and subsequent Bloomberg TV interview, Shell CEO Wael Sawan confirmed ongoing talks with Venezuela’s government to advance offshore gas projects, specifically targeting […]

Tag: Venezuela

The Everything Shortage: Why Global Supply Chains Are Breaking and What It Means for Energy Markets

President Trump Announces the World’s Largest Oil Deal with Venezuela

Are we about to see paper catch up to physical delivery on oil?

Citi Lifts Brent Outlook but Still Sees Oil Falling in 2027

U.S. Sale of Venezuela’s Oil Hits $13 Billion Since Maduro Capture

President Trump Announces Plans to Strike Iran Again and Take Control of Kharg Island, Echoing Venezuelan-Style Oil Controls

ExxonMobil’s Position in Guyana Is Making Profits

The Oil Supply Shock Can’t Be Fixed Before November

Saudis Tell OPEC That Oil Output Sank Again to Lowest Since 1990

Will Venezuela Export Stranded Gas through Trinidad?

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