Oil Majors Tell Washington They Want PDVSA Out of the Way

Market Intelligence Analysis

AI-Powered
Why This Matters

International oil companies are pushing for changes to Venezuela's hydrocarbons law to allow direct export of oil, bypassing PDVSA, a key condition for investing in the country's oil industry.

Market Impact

Market impact analysis based on bullish sentiment with 90% confidence.

Sentiment
Bullish
AI Confidence
90%
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.

International oil companies are wasting no time testing how serious Washington and Caracas really are about reviving Venezuela’s oil industry. And their opening demand is refreshingly blunt: if we’re going to invest, we need to control our barrels. According to Reuters sources, international oil executives and lawyers are pushing for fast, targeted changes to Venezuela’s hydrocarbons law that would allow foreign partners to export the oil they produce directly, rather than handing it over to state oil company PDVSA to sell on…

Continue Reading
Full article on OilPrice.com
Read Full Article
Original article published by OilPrice.com on January 17, 2026.
Analysis and insights provided by AnalystMarkets AI.