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Venezuela’s Oil in Floating Storage Soars to 29 Million Barrels
Market Intelligence Analysis
AI-Powered
Why This Matters
Venezuela's oil in floating storage has surged to 29 million barrels following the US intervention, indicating a potential increase in global oil supply.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The volume of Venezuelan oil in tankers at sea has jumped to over 29 million barrels following the U.S. blitz to extract Nicolas Maduro out of Venezuela, up from 20 million barrels held at sea at the start of this week, Bloomberg reported on Friday, quoting vessel-monitoring data by Kpler. The U.S. captured Maduro in a weekend operation by U.S. forces and flew him to New York to face drug-trafficking charges. The Trump Administration strong-armed the authorities in Venezuela to give the United States “total access” to its oil…
Original article published by
OilPrice.com
on January 9, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.