Regime Change in Venezuela Could Trigger Oil Price Spike Then Slump
Market Intelligence Analysis
AI-PoweredA potential US regime change in Venezuela could lead to a short-term oil price spike due to the country's large oil reserves, but a subsequent slump is possible as US refineries would be better equipped to handle the oil, reducing global demand and prices.
Market impact analysis based on neutral sentiment with 58% confidence.
Article Context
Ever since President Trump ordered the first strike on a boat offshore Venezuela, speculation about a direct intervention in the South American country with a view to regime change has been rife. Much of that has focused on oil, for obvious reasons. For those very same reasons, a U.S. regime change in Venezuela would have far-reaching implications. Venezuela has the largest proven reserves of crude oil in the world. Most of those reserves are heavy crude, for which U.S. Gulf Coast refineries are calibrated. This fact made life temporarily harder…
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